Got a strong track record of R&D? You could be eligible for ongoing reimbursements.
The R&D Growth Grant reimburses 20% of eligible expenditure on your research and development (R&D) programme and can be awarded for three years. If you can demonstrate a strong track record of R&D and are investing significantly in this area, then this grant could be of value to your business.
Businesses that are considering submitting a proposal will have to meet the following eligibility criteria:
- Must have had eligible R&D expenditure of at least 1.5 per cent of revenues in each of the two most recent years
- Must have had at least $300,000 in eligible R&D expenditure in each of the two most recent years
- Must be a person or entity that is ‘in business’ and resident in New Zealand, and must not be an entity established under the Education Act 1989, Crown Research Institutes Act 1992, Local Government Act 2002 or the New Zealand Public Health and Disability Act 2000, or be or an entity that is 50 per cent or more owned by one or more of those types of entities.
- Provide a R&D plan, including estimated R&D expenditure for the next three years
If you’re interested in learning more about R&D Project Grants or have an R&D project you’d like to discuss contact Rachael Berndt on 06 759 5178 or email R&D@venture.org.nz.
Other funding available is: