New grants to boost business innovation
Published: 26 May 2022
2 new grants to support businesses doing innovative activities are being developed – Ārohia / the Innovation Trailblazer Grant and the New to Research and Development (R&D) Grant.
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The Innovation Trailblazer Grant will help with the costs of activities that don’t fall within the definition of R&D and will be targeted at businesses are pursuing opportunities that will generate significant spill over benefits to the wider economy. The New to R&D Grant will support businesses that do not have established R&D capabilities and provide an on-ramp onto the R&D Tax Incentive (RDTI).
The Ministry of Business, Innovation and Employment and Callaghan Innovation will be conducting targeted consultation with potential recipients and key stakeholders on the design of these grants to determine how they can best achieve their objectives.
Both grants will be administered by Callaghan Innovation and will be available from mid-September 2022.
Government targets innovation-led growth to turbo-charge business potential(external link) — Beehive.govt.nz
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