The Technology Development Grant for 2012 is now open for applications.
There is $45 million of R&D funding is available over three years through a competitive process.
Technology Development Grants support businesses with a good track record in R&D that spend a significant proportion of their revenue on research.
The Grant reimburses 20% of eligible R&D expenditure on a business’s R&D programme, up to $2.4 million (excl. GST) a year.
Read Request for proposals – Technology Development Grant 2012 to get an understanding of what MSI are looking for, and how they will judge applications.
Is your business eligible?
- You must have an average annual R&D intensity (eligible R&D expenditure divided by revenue) of at least three per cent over the past three years.
- You must have average annual operating revenues of at least $3m over the past three years.
- You must be a person or entity that is ‘in business’ and resident in New Zealand, and must not be an entity established under the Education Act 1989, Crown Research Institutes Act 1992, Local Government Act 2002 or the New Zealand Public Health and Disability Act 2000, or be or an entity that is 50 per cent or more owned by one or more of those types of entities.
- Businesses that successfully applied for the TDG in 2010 or 2011 are not able to apply for the 2012 investment round.
Applications close noon 14 September 2012
So you will have to be quick! Give us a call on 09 236 0082 or email Simon Lempriere at email@example.com and we can help you through the process and answer any questions you have.
Tax-related queries about the Technology Development Grant should be directed to Inland Revenue.
For information on relevant tax changes for the Technology Development Grant, please read the Tax Information Bulletin [PDF; 767kb] on the Inland Revenue website. The relevant section can be found at page 84, under the heading ‘Consequential R&D changes’.