This article was published on 9 July 2014
Science and Innovation Minister Steven Joyce has announced the successful business incubators Callaghan Innovation will award funding to under the Incubator Support Programme.
Callaghan Innovation is appointing a new type of technology-focused incubator designed to launch more high-tech start-ups in New Zealand. These incubators will focus on commercialising complex IP-based technology, sourced from publicly funded research. They will be able to access a new pilot repayable grant through Callaghan Innovation on behalf of the start-up companies they incubate.
The new incubators are part of a hybrid model that will include five founder-focused incubators and three technology-focused incubators.
Callaghan Innovation and the successful applicants are now in contract negotiations.
The Minister of Science and Innovation’s media release can be found on the beehive website.