This article was published on 27 May 2015
Innovative businesses are now invited to apply for funding to hire students for work experience as part of Callaghan Innovation’s R&D Student Grants scheme.
R&D Experience Grants, administered by Callaghan Innovation, are available to R&D active companies in New Zealand to employ up to 200 undergraduate, honours, and postgraduate diploma or certificate students with science, technology, engineering, design, or business qualifications.
“R&D Experience Grants are an important and popular part of the Government’s support for New Zealand’s innovation system. The programme gives 200 of New Zealand’s future innovators a head start in their careers,” Callaghan Innovation Chief Executive Mary Quin says.
These grants are of great benefit to industry and students - helping students develop their technical skills and gain experience in a commercial R&D environment, and helping industry speed up their R&D work with additional talent and fresh ideas.
R&D Experience Grants provide companies with funding of $16 per hour for 400 hours of work during the summer student break or on completion of a student’s qualification.
Invitations to apply for R&D Career Grants will be announced in the near future, following improvements to the programme. R&D Career Grants are intended as an entry into permanent employment for Masters or PhD graduates. Based on an annual salary of $60,000, R&D Career Grants provide companies with 50 per cent of annual salary costs up to $30,000 (plus GST) to cover the salary of the postgraduate for the first six months.
For more information on the eligibility criteria for students and businesses, timelines and how to apply, see R&D Experience Grants.