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Rocket Lab, Orion Health received millions in growth grants

Henry Burrell
Mon, 06 Sep 2021

Companies could claim 20 cents on the dollar of eligible R&D spend up to $5m per year. (Image: Despositphotos)
Henry Burrell
Mon, 06 Sep 2021
From its inception in 2013 until March 2020, Callaghan Innovation – the government’s “innovation agency” – ran a growth grant scheme that gave millions in research and development (R&D) funding to qualifying businesses.New Zealand organisations spending north of $300,000 on R&D per annum equating to at least 1.5% of revenue could apply to receive an additional 20% of their eligible expenditure, capped at $5 million per annum.The scheme was closed to new applicants from March 31, 2019, and was replaced with...

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