Serko gets $2 million extension to Callaghan grant

Wed, 22 Mar 2017

By Paul McBeth March 22 (BusinessDesk) - Serko, the online travel booking firm looking to turn a profit next year, has been given an extension to its Callaghan Innovation grant to spend on research and development. The Auckland-based company can access up to a further $2 million over the next two years from the grant, adding to the $4.2 million, three-year R&D subsidy it was awarded in 2014. Serko said it will use the extra funding to develop predictive technology. The company spent $3.4 million on R&D in the six months ended Sept. 30, u...

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