PreSeed Accelerator Fund

Funding commercialisation projects from publicly funded research.

The PreSeed Accelerator Fund supports early stage technology commercialisation activities which:

  • maximise the commercial benefits to New Zealand from publicly funded research
  • improve the commercial capability and skills of public research organisations
  • promote linkages between public research organisations and potential private sector partners, including industry players and capital providers, in New Zealand and offshore.

The goal of the Fund is to support publicly funded research and development projects to attract private investment. We invest $8.3 million per year to advance commercialisation projects.

PreSeed works alongside the Commercialisation Partner Network (CPN). CPN builds capability and PreSeed provides project funding.

The 2019 investment round

We are now inviting proposals to be considered for PreSeed funding from the Fund’s 2019 investment round.

The Fund is a devolved fund. Working with a Commercialisation Partner Network Investment Committee, successful applicants will use PreSeed funding to progress their chosen commercialisation projects to investor readiness.

PreSeed funding can be used to support commercialisation prospects that result from any publicly-funded research or research capability.

The funding available

$33,200,000 (excluding GST) over 4 years is available for investment from 1 July 2019.

Who can apply

To apply for PreSeed Accelerator funding, you must be either a public or not-for-profit private New Zealand research organisation with a regular and demonstrated flow of eligible commercialisation projects.

A research organisation is defined as a New Zealand legal entity that has internal capability for carrying out research, science or technology or related activities.

How to apply

The PreSeed Accelerator Fund Call for Proposals contains the information required to prepare and submit a funding proposal.

PreSeed Accelerator Fund Call for Proposals 2019 Investment Round [PDF, 1.6 MB]

Application Notes

  • Key Performance Indicators (KPIs)
    KPIs will be developed in discussion with us after investment decisions are made. The KPIs requested in the application will form the basis for that discussion and are not final.
  • Budget Breakdowns
    Your application budget breakdowns should detail enough information to show that the funds provided are sufficient to deliver your project’s deliverables.
  • Supporting material and confidentiality
    Refer to all and any additional supporting material in your application. This material can include letters of support and commercially confidential values.  If provided in-confidence, this additional material will not be made public.

Essential documents

PreSeed Accelerator Fund Call for Proposals 2019 Investment Round [PDF, 1.6 MB] The information required to prepare and submit a funding proposal
PreSeed Accelerator Fund Assessment Guidelines 2019 Investment Round [PDF, 907 KB] The information on how funding applications will be assessed
PreSeed Accelerator Fund Investment Contract 2019 [PDF, 162 KB] The terms and conditions of the PreSeed Accelerator Fund Investment Contract will apply to the provision of funding agreed between us and the contracting organisation.
The National Statement of Science Investment 2015-2025 [PDF, 1.8 MB] The Government’s 10 year vision for New Zealand’s science system.
The Gazette Notice (number 2016-go3833)(external link) The criteria for use in making funding decisions for the Fund.
The Vision Mātauranga policy [PDF, 359 KB] The Government’s policy framework that aims to unlock the innovation potential of Māori knowledge, resources and people to assist New Zealanders to create a better future.
Our Diversity Statement The Diversity in Science Statement sets out our ambition to promote diversity in science and research

Existing PreSeed funding

Current PreSeed contract holders for the 2016-2019 period are:

  • AgResearch Limited
  • Auckland UniServices Ltd
  • Kiwi Innovation Network Ltd (KiwiNet)
  • Massey Ventures Limited
  • New Zealand Forest Research Institute Ltd (Scion)
  • Otago Innovation Limited

For more information, email PreSeed@mbie.govt.nz

Non-devolved PreSeed funding

Public or not-for-profit research organisations, or collectives of organisations, that do not have an existing PreSeed contract can apply for non-devolved funding up until 1 July 2019. Non-devolved PreSeed is an on-demand fund.

The Non-Devolved PreSeed Accelerator Fund Call for Proposals 2016 – 2019 contains the information required to prepare and submit a funding proposal.

Non-Devolved PreSeed Accelerator Fund Call for Proposals 2016 – 2019 [PDF, 633 KB]

For more information, email PreSeed@mbie.govt.nz