21 Sep 2010

New research and development grants

6:11 am on 21 September 2010

Applications are now open for new research and development grants, designed to boost the New Zealand's economy and the science sector.

The grants are worth $190 million over four years and are at the heart of the Government's new science policy.

Research, Science and Technology Minister Wayne Mapp says successful applicants will have a proven track record.

Companies which are awarded grants will be audited to make sure the investment is generating revenue.

A grant scheme for smaller businesses will be launched in November