The Endeavour Fund plays a unique role in the science system through an open, contestable process with a focus on both research excellence and a broad range of impacts.
The Fund encourages researchers to sample a diverse range of ideas and conduct excellent research, with transformational potential. It will provide the highest potential impacts across a range of economic, environmental and societal objectives, and give effect to Vision Mātauranga.
The funding available
Endeavour funding is available through 2 mechanisms:
- Smart Ideas
- Research Programmes
Applications for funding are invited annually.
This investment mechanism catalyses and rapidly tests promising, innovative research ideas with high potential for benefit to New Zealand, to enable refresh and diversity in the science portfolio. Applicants can request between $0.4 million to $1 million with a term of 2 or 3 years.
The indicative investment for Smart Ideas in 2019 is $18 million per year.
The indicative Smart Ideas investment for the 2020 investment round is $18 million per year.
This investment mechanism supports ambitious, excellent, and well-defined research ideas which, collectively, have credible and high potential to positively transform New Zealand’s future in areas of future value, growth or critical need. Applicants can request $0.5 million or more per year for a term of 3, 4 or 5 years.
The indicative investment for Research Programmes in 2019 is $40 million per year.
The indicative Research Programmes investment for the investment round in 2020 is $40 million per year.
See the Endeavour Fund Investment Plan 2019-2021 and the Gazette Notices below for details on the policy objectives, investment signals, funding targets and the amounts of money available for the Endeavour Fund.
Who can apply
Proposals need to meet the eligibility criteria set out in the Gazette Notices.
The Science Board makes its investment decisions in accordance with the Gazette Notices.
In deciding which proposals to fund, the Science Board considers the eligibility and assessment criteria, investment signals and other considerations in the Investment Plan and the Gazette Notice.
The Science Board’s funding decisions are informed by the reviews by independent expert assessors.
In making its funding decisions, the Science Board may decide to invest less than the total funding indicated and move funds between the investment mechanisms.
Endeavour Fund 2020 investment round
Next year’s round will open in early-October 2019, and the Gazette Notice for that round is now available.