venture taranaki - research & development grants
TRANSCRIPT
Research and Development Grants
What's on offer?
- Partnership between Venture Taranaki and Callaghan Innovation
- Investment option for R&D activity
- Bigger, better, faster
- We have administered more than $1.9 million of R&D grants
R&D Growth Grant
R&D Project Grant
R&D Student Grant
- For businesses with an ongoing R&D portfolio
- 20% co-funding
- 3 year programme with a 2 year extension
- Spend over $300,000 per year on R&D
- Spend at least 1.5% of revenue on R&D
R&D Growth Grant
- For businesses with a specific R&D project
- Funding for 30-50% of project costs
- Grants range from $1,000 - $1 million +
- How innovative is your idea
- Are you committed to completing the project
- Good returns on investment
- Commercialisation plan
- Spill over benefits to NZ
R&D Project Grant
What costs are eligible?
Internal staff time
R&D related materials & consumables
Depreciation on moulds/tooling
Prototypes
Meeting certifications
and standards IP scoping and strategy
Testing / Consumer
involvement
In the field trials
Travel
What’s not eligible?
- Ideas that are not unique/new
- Patent filing
- Capital expenditure
- Generic business planning activities
- R&D projects that have already happened
- Masters and PhD students
- Ideal for that project you don’t have time for
- Student: Technical skills in a real environment
- Business: young innovators + test drive employee
- Fully fund student
- Need to supply working environment + mentor
R&D Student Grant
What Does FPA Technology Do?
1 solid Granule
Traditional Application
the feed zone
1000 solid Granules
the feed zone
becomes
New Ground Spread Technology
Technical Stretch- Complex design and componentry
- Ability to carry more fertiliser
- Wider spray and spinner unit
- But needed to fit through farm gateways
- Safe and effective on the road
- No wet fertiliser packing to the sides
- Keep environmental concerns at bay
Prototype Testing
25 metre spread
Outcomes- 6 fertiliser companies using the new technology
- 20 new staff
- Presented technology to Ministry of Agriculture
- Synergies with MAF and farming groups
- NZ Green Ribbon environmental award
- NZ Innovators finalist
- International interest
Outcomes
- Reduce overall production from 72 to 29 days
- Cut production cycle from 5.3 to 2.6 hours
- Safer working environment
- More consistent product quality
- Handle twice as many orders
- Employing more staff
Technical Stretch
- Flavour consistency and properties
- Even spread
- Shelf life restrictions
- Freezing and thawing behaviour
- Speed and temperature of hot plates
Watch this space…….
- TrackIt portal
- Online modular system
- More efficiency when managing rig staff
- Only 1 client
- Scale up potential
- Need to understand their IP
Outcomes
- Confirmed they have freedom to operate
- Signed another large O&G client
- Interest from international customers
- Employing more staff
