Callaghan Innovation has released the first new research and development growth grants to 31 hi-tech Kiwi firms. The grants were introduced in last year’s Budget and replace Technology Development Grants, TechNZ Project Grants, TechNZ Capability Grants and Technology Transfer Vouchers.

The government has awarded more than $140 million to the companies over the next three years via its innovation arm.

The grants give firms 20 percent public co-funding for eligible R&D expenditure, limited to $5 million a year. After two years of funding, businesses can be granted a two year funding extension.

To qualify for a growth grant, a business needs to allocate $300,000 to R&D in New Zealand, at least 1.5 percent of revenue.

The companies awarded grants are:

4RF

ARANZ Geo

Biodiscovery New Zealand

Douglas Pharmaceuticals

Dynamic Controls

Enatel

Endace Technology

Fisher & Paykel Appliances

Fisher and Paykel Healthcare

Forest Genetics CellFor

Formway Furniture

Gallagher Group

HSAGlobal 

ikeGPS

Jade Software Corporation

Kakapo Research and Development

Magic Pulse (trading as Kitomba)

Orchestral Developments

Quantec

Rakon

Rocket Lab

Scott Technology

Simcro

Skope Industries

Tait

Tandarra Engineering

Trans-Tasman Resources

Unlimited Realities

Vista Entertainment Solutions

Wynyard New Zealand

Zelam