Legal action launched against Callaghan Innovation over $300k R&D loan

(Image: NZME)

Thu, 25 Jan 2024

A New Zealand-registered company that operated in Eastern Europe has launched legal action over a $300,000 Callaghan Innovation loan, BusinessDesk can reveal.Surface Micro-Guard had a joint venture with Manawatu agricultural machinery designer Cross Slot IP (CSIP) but now claims the crown innovation agency shouldn’t have given Cross Slot a research and development loan.Callaghan said the company met all requirements to receive the loan, and external audits since then “did not reveal anything untoward”.However, Cross Slot&rsquo...

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