MBIE reviews startup repayable grants scheme and new technology incubators

Thu, 28 Jan 2016

By Fiona Rotherham Jan. 29 (BusinessDesk) - The new technology incubators and repayable loan scheme for startups are about to be reviewed by the Ministry of Business, Innovation and Employment as they start to crank up halfway through a three-year pilot. A total of 19 companies have had repayable loans approved to date, although the 11 grants approved in the 2014/15 financial year fell well short of the allocated $10.2 million annually. The total amount paid in the scheme’s first year was $2.54 million while so far this financial year to...

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