BUSINESS FUNDING AND SUPPORT
Government granting agencies fund projects. The first step to obtaining grant funding is to identify a project your organisation proposes to undertake. The project must not be “business as usual” and should address, for example, product, service or process innovation, technical feasibility studies, new business models, energy efficiency, environmental sustainability, capability building or the development of new international export markets.
Agricultural and Primary Sector Funding
There are a wide range of funding schemes available to agriculture, horticulture, viticulture, forestry and other primary industries. For more information about these different funding schemes visit our primary sector funding webpage.
COVID-19 Crisis - Support for Business
Access news and updates from government about COVID-19 and how it may affect your business via the links below. Pages feature the latest COVID-19 government news and updates for businesses including guidance and advice about employment, tax, cash flow, health and safety and more. Learn More.
Endeavour Fund
This fund is operated by Ministry of Business, Innovation and Employment. The funding is available through two mechanisms, "Smart Ideas" and "Research Programmes". The Smart Ideas “investment mechanism is intended to catalyse and rapidly test promising, innovative research ideas with high potential for benefit to New Zealand, to enable refresh and diversity in the science portfolio. Applicants can request between $0.4 million to $1 million over the term of the two–three year contract”.
The Research Programmes “investment mechanism is intended to support ambitious, excellent, and well-defined research ideas which, collectively, have credible and high potential to positively transform New Zealand’s future in areas of future value, growth or critical need. Applicants can request over $0.5 million per annum for a term of three–five years”. For more information visit the MBIE website.
The Research Programmes “investment mechanism is intended to support ambitious, excellent, and well-defined research ideas which, collectively, have credible and high potential to positively transform New Zealand’s future in areas of future value, growth or critical need. Applicants can request over $0.5 million per annum for a term of three–five years”. For more information visit the MBIE website.
Energy Efficiency Funding and Grants
Energy audits evaluate how efficiently energy is being used, and identify energy and cost-saving opportunities. Your business may be eligible for a grant for an energy audit. The Energy Efficiency and Conservation Authority (EECA) have grants available to businesses to improve energy efficiency and energy conservation. The description of these grants is summarised from the EECA website. For further information about the Energy Efficiency and Conservation Authority energy funding visit our energy funding webpage.
Funding Explorer Tool
In January 2020 the government launched a “Funding Explorer Tool”. This app helps companies look at options and alternative ways to fund their business. They advise you can “discover and understand finance options tailored to your business using our new Funding Explorer tool: Your business might have more funding options available than you realise. Describe your situation and we’ll help you explore the best options for you.” Learn more.
Fresh Water Improvement Fund
The Ministry for the Environment operates the Fresh Water Improvement Fund. They advise "The Government has committed $100 million over 10 years through the Freshwater Improvement Fund to support initiatives which improve the management of fresh water within quality and quantity limits. This means improving the way we share and use water as well as taking care with what we allow to flow into our water bodies. The fund focuses on projects that will make a significant and measurable improvement to rivers, lakes, streams, groundwater and wetlands, with priority on the most vulnerable catchments. The fund is able to support projects at different scales and over varying timeframes. This could include one-off short-term projects up to one year as well as longer-term projects taking up to five years". Approximately $24 million was made available in the first funding round, which closed in April 2017.
Export Credit
New Zealand Export Credit provides financial guarantee and trade credit insurance products for New Zealand exporters, banks and insurers. Our products help exporters, and their banks, manage risk and capitalise on trade opportunities around the globe by enabling them to mitigate credit risk, secure export sales and access trade finance. As well as working directly with exporters, we work closely with commercial financiers in New Zealand and offshore to support and improve the competitiveness of New Zealand exporters. NZECO is currently located in the Treasury and obligations to third parties are guaranteed by the New Zealand government. The Export Credit Office has underwritten over $1 billion in trade in recent years.
Innovation IP – Support and Funding
Callaghan Innovation offer a programme to help New Zealand business learn more about Intellectual Property management. They state “Many NZ businesses are reluctant to manage their IP actively. Improved business understanding and management of IP can add value to an R&D programme, reduce IP related risk, improve business planning and lead to improved growth prospects”. To learn more about this programme visit the Callaghan Innovation website.
Intellectual Property
The Intellectual Property Office provides information on patents, trademarks and designs. At iponz you can search the registers, pay renewal fees, file trade mark applications, and find forms and guides on intellectual property in New Zealand.
Export Market Development
New Zealand Trade and Enterprise (NZTE) provides information and advice to New Zealand exporters. The International Growth Fund provides invited companies assistance with international market development. To learn more about NZTE's support programmes visit www.nzte.govt.nz. For help with export feasibility studies, export budgets, export plans and export market research, visit our exporting marketing webpage.
Manufacturing: Better by Lean
Lean is also known as lean manufacturing, lean enterprise, or lean production. Lean principles are derived from the Japanese manufacturing industry. This programme includes a two day course at the University of Auckland which covers the principles and benefits of Lean Business Systems. Co-funding of 50% up to $20,000 is available towards consultant costs for the first 12 months of lean planning, training and implementation. For further information contact Callaghan Innovation.
Marsden Fund
The Marsden Fund was “established by the government in 1994 to fund excellent fundamental research. It is a contestable fund administered by the Royal Society of New Zealand on behalf of the Marsden Fund Council. The research is not subject to government’s socio-economic priorities, but is investigator initiated. The Fund supports research excellence in science, engineering and maths, social sciences and the humanities. Competition for grants is intense. Marsden is regarded as the hallmark of excellence for research in New Zealand”. For more information visit the Marsden Fund webpage.
Medical Funding and Health Funding
For information about the Health Research Council, the Auckland Medical Research Foundation, the Lottery Health Research Committee, the Neurological Foundation of New Zealand and other medical funding agencies visit our medical research funding page.
Research and Development Grants
Callaghan Innovation administer the government's Business R&D Grants. Key funding for business includes the Research and Development Growth Grant and the Research and Development Project Grant. Funding for PhD and Masters students working within a business on an R&D project is also available. Funding may also be available to develop IP strategy or assess technical feasibility of a new product concept. Regional business partners appointed by Callaghan Innovation and New Zealand Trade and Enterprise to deliver R&D Funding other business support programmes are:
For more information visit our detailed R&D grants page.
- Northland Chamber of Commerce
- Northland Inc
- Auckland Tourism, Events and Economic Development Limited.
- Waikato Innovation Park
- Tauranga Chamber of Commerce
- Gisborne Chamber of Commerce
- Hawkes Bay Regional Council
- The Bio Commerce Centre (Wanganui and Manawatu)
- Grow Wellington
- Development West Coast
- Nelson Regional Economic Development Agency
- Canterbury Employers Chamber of Commerce
- Dunedin City Council
- Venture Southland
For more information visit our detailed R&D grants page.
Research and Development Loss Tax Credit
Tax relief is available for qualifying R&D intensive start-up companies from 1 April 2015. Loss making start-up companies are able to "cash out" all of their tax losses from R&D spending. The intention of the scheme is to provide New Zealand based R&D intensive start-up companies with a "cash out" option for their R&D tax losses. For help determining qualifying R&D expenditure, preparing "R&D Activity Statements" and submitting R&D loss tax credit claims visit our R&D Loss Tax Credit webpage.
R&D Tax Credit/Incentive
The Research and Development Tax Credit Act 2019 has been passed into law. This represents a significant change to the way in which innovation projects are encouraged and funded by the Government. To learn more about the R&D Tax Credit visit our R&D Tax Credits webpage.
The Research and Development Tax Credit Act 2019 has been passed into law. This represents a significant change to the way in which innovation projects are encouraged and funded by the Government. To learn more about the R&D Tax Credit visit our R&D Tax Credits webpage.
Start-up Capital
Incubators have programmes to help start-ups prepare to pitch to potential investors. For example the Accelerator Programme at the ICEHOUSE helps companies prepare and pitch for angel investment. To learn more about venture funding visit the New Zealand Private Equity & Venture Capital Association. For help preparing business plans for pitching to investors or raising start-up capital, visit our business plan webpage.
Student Grants
Funding is available for undergraduate, postgraduate, Masters and PhD students.Student funding from Callaghan Innovation is usually for research and development projects undertaken within the private sector. Some student grants require an agreement to be made between the student, the firm and the institution at which the student is studying. For more information about student grants visit our student grants webpage.
Sustainable Environment
The Ministry for the Environment's Sustainable Industry group works with business and industry to promote sustainable business practices and to support innovation in environmental management. The group works with targeted sectors to initiate improvements in environmental performance. To learn more contact the Ministry for the Environment.
Training
New Zealand Trade & Enterprise's (NZTE) Capability Development Vouchers are available through your local Regional Business Partner (a list of these partners is given above). The vouchers can be used to help you access services that build your management capabilities, which in turn may accelerate the growth of your business. To be eligible for the vouchers your business needs to (1) have fewer than 50 employees, (2) be registered for GST in New Zealand, (3) operate in a commercial environment, (4) be privately owned or a Maori Trust and (5) demonstrate a desire to innovate and grow. Vouchers can not be allocated until you have been assessed by your local Regional Business Partner.
Venture Investment Fund (NZVIF)
In March 2020 the New Zealand Venture Investment Fund (NZVIF) opened a new $300 million “Elevate NZ Venture Fund”. This fund was first flagged with Budget 2019, when then-Economic Development Minister David Parker said his Government would address a "venture capital gap" by diverting $240m of NZ Super Fund money to a new $300m fund, which would also include $60m from NZVIF to create a new fund. Mid-sized companies in the $2m to $15m annual turnover range were not well supported by New Zealand's capital markets, although startups were able to get funding, Parker said. "Filling that gap will help reduce pressure on companies to sell prematurely to overseas buyers, which happens when you have weak early-stage capital markets."
NZVIF chief executive Richard Dellabarca said that with Elevate, his agency would follow its long-standing model of coinvesting with private equity outfits - who will be in the driving seat. Learn more.
Sources, NZ Herald, NZTIA. 9 March 2020.
NZVIF chief executive Richard Dellabarca said that with Elevate, his agency would follow its long-standing model of coinvesting with private equity outfits - who will be in the driving seat. Learn more.
Sources, NZ Herald, NZTIA. 9 March 2020.
Waste Minimisation Fund
The Waste Minimisation Fund (WMF) helps fund waste minimisation projects. The purpose of the fund is to increase resource efficiency, increase reuse, recovery and recycling, and decrease waste to landfill. The Minister for the Environment has set criteria for the Waste Minimisation Fund. Only projects which promote or achieve waste minimisation, including the reduction of waste and the reuse, recycling and recovery of waste and diverted material will be eligible.
Guide to Applying for a Government GrantIs your team thinking about applying for a government business grant? We provide a guide to help you prepare the business case for your application. This includes a description on the typical due diligence and company disclosure requirements common to most New Zealand government business grants. To obtain your copy complete the enquiry form on the contact us page.
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Useful Links: Looking for More Information about Business Funding?
Agricultural grants
Energy grants
Medical research funding
Research and development grants
Student grants for R&D
New Zealand Government - On-line help for business
Ministry of Business, Innovation and Employment (MBIE)
New Zealand Private Equity & Venture Capital Association
The Australian Private Equity & Venture Capital Association
NZ Angel Investment Network
New Zealand Intellectual Property Office
EverEdge IP for IP strategy advice.
James and Wells for IP advice.
AJ Park for IP advice.
Help preparing business plans
Help planning business projects
Help planning and managing research and development projects
Help with export marketing plans and export market research
Help preparing marketing strategy and marketing plans
Help undertaking market research and market analysis projects
Agricultural grants
Energy grants
Medical research funding
Research and development grants
Student grants for R&D
New Zealand Government - On-line help for business
Ministry of Business, Innovation and Employment (MBIE)
New Zealand Private Equity & Venture Capital Association
The Australian Private Equity & Venture Capital Association
NZ Angel Investment Network
New Zealand Intellectual Property Office
EverEdge IP for IP strategy advice.
James and Wells for IP advice.
AJ Park for IP advice.
Help preparing business plans
Help planning business projects
Help planning and managing research and development projects
Help with export marketing plans and export market research
Help preparing marketing strategy and marketing plans
Help undertaking market research and market analysis projects
Business Grant - Getting Started
For 25 years we have successfully planned and managed business grant applications for organisations across a wide range of industry types and industry sectors. To help you get started on your grant application click on the link below, complete and send the form.
This page was last updated on 17 April 2020