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Tech incubator awards first repayable grant

This article was published on 11 November 2014

Science and Innovation Minister Steven Joyce today announced the recipient of the first repayable grant through Callaghan Innovation’s expanded business incubator network

Tiro Lifesciences, an early-stage medical diagnostic company focusing initially on the development of technology for the detection of breast cancer in dense tissue, has been granted up to $450,000 over two years to develop a pain and radiation-free medical-imaging tool.

“Technology-focused incubators are designed to get more high-growth start-ups off the ground,” Mr Joyce says. “Growing new companies in our high-tech sector is crucial to maintaining a strongly growing economy.

“Bringing more smart start-ups through the innovation pipeline will help New Zealand develop a competitive edge in this dynamic and challenging sector.”

For more information see www.beehive.govt.nz.