Is your business new to, or trying to expand your R&D? A Project Grant can help you take on larger or more challenging R&D.
19 April 2018
The Ministry of Business, Innovation and Employment, Inland Revenue and Callaghan Innovation have designed an R&D tax incentive proposal and are seeking input into the design process. Read more...
How can the grant help me?
The Project Grant is designed to help you:
- Build your R&D expertise by giving your business an opportunity to push the boundaries and uncover new scientific or technical knowledge and understanding
- Break new ground in an R&D project for the development of new or substantially improved devices, products, processes, systems or services
- Develop your business into a stable and substantial R&D performer
- Grow your investment in R&D.
How does it work?
Your business will:
- Typically receive 40% of your eligible R&D project costs; reducing for large projects, or when the business has had multiple grants, or when the business has had a Growth Grant
- Only receive funding for R&D done in New Zealand (unless pre-approved)
- Receive payment in arrears (monthly or quarterly).
Who can apply?
To apply for a Project Grant, your business must be one of the following:
- Registered under the Companies Act.
- Registered under the Limited Partnerships Act.
- A Māori incorporation or trust established under the Te Ture Whenua Māori Act, a trust set up to manage assets as part of a Treaty of Waitangi settlement, a Māori statutory body, or a business controlled by one or more of these entities.
To qualify, your business must also:
- Meet financial and due diligence requirements
- Not have had a Growth Grant or be eligible for a Growth Grant.
How do I apply?
Talk to us and we’ll help you through the process. You can apply at any time.
Project Grant guides and FAQs
How do I calculate eligible R&D project costs?
As a starting point, consult the Eligible costs for Project Grants guideline to help clarify eligible and ineligible R&D project costs.
Project Grant guidelines
Project Grant application template
Callaghan Innovation funding allowed us to develop a unique training product that is fun to do and provides full assessment capability to trainees...We’ve been supported along the journey and improved our focus and opportunities for international growth.
Paul Feltoe, Director - Safety Solutions
Updated: 19 April 2018