New clients, and old clients alike, often ask us whether there is any funding support for IP-related costs. They are often surprised to hear that the New Zealand government provides support for some IP costs, and even more so for R&D costs.
There are a lot of programmes which innovative businesses might qualify for. We have put together a brief list of sources of funding available (as of 2020), but this is always changing.
The New Zealand government has started to recognise how important intellectual property advice is to New Zealand businesses. The key programmes for IP funding are:
Innovation IP (40%) from Callaghan Innovation
Capability Voucher (50%) from NZTE
There are even more sources which offer funding for research and development. There has never been a better time to be looking into new R&D projects in New Zealand. The most common R&D funding sources are:
Project grants (40%) through Callaghan Innovation
R&D loss tax credit (28%) through IRD
R&D tax incentive (15%) through IRD
PreSeed Accelerator Fund
Māori Business Growth Support
Māori Innovation Fund
Provincial Growth Fund
Of course, funding can also be obtained from more traditional private sources. This includes bootstrapping, debt instruments (based on IP as security), angel investment, venture capital, competitions and incubators, and crowdfunding.
Where Do I Start?
With so many programmes available, it can be hard to know where to start.
Ellis Terry are experts on IP in New Zealand. We help New Zealand-based businesses to work out which government programmes are worth investigating and to source private funding. Get in touch with Blayne Peacock if you need any assistance.
https://ellisterry.com/wp-content/uploads/banknotes.jpg10301890Blayne Peacockhttps://ellisterry.com/wp-content/uploads/Transparent-ET-1-300x82.pngBlayne Peacock2019-12-30 10:46:002020-06-09 10:48:30Funding for IP and R&D in New Zealand
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