For early-stage startups, grants make it possible to test your ideas, grow and access resources without the need for a war chest of cash.
For Aotearoa founders, there are many startup-friendly initiatives to help start your business and support your research and development activities.
Here’s a list to get you started – any that we’ve missed you can tell us about here.
The Work and Income New Zealand (WINZ) Flexi-Wage supports you to start your own business by helping with costs while you get things up and running.
You need to be:
You’ll also need to provide a business plan so that they can ensure your business idea is viable before they provide assistance.
You can get up to $600 a week for up to 28 weeks, totalling $16,800.
This money can go towards the costs of setting up your business, whether that’s purchasing equipment or paying your living costs.
Find out more about the Flexi-wage for self-employment.
The WINZ Self-employment start up payment helps you cover the essential startup costs.
You need to be:
Depending on your situation, you can get up to $10,000 to help pay for things like:
Find out more about the Self-employment start up payment.
The Business Training and Advice Grant gives you access to expert advice on all the nuts and bolts of setting up your business.
You need to be:
Up to $1,000 every 52 week period to pay an expert who’ll help you with things like:
Find out more about the Business Training and Advice Grant.
The Callaghan Innovation R&D Tax Incentive (RDTI) is a government tax scheme that helps you invest more in R&D.
You need to be:
A core R&D activity must:
The RDTI is a 15% tax credit on the money you invest in eligible R&D. There is a minimum R&D Expenditure of $50,000 per year, and it is capped at an expenditure of $120 million per year.
Find out more about the R&D Tax Incentive.
The Callaghan Innovation New to R&D Grant offers funding and support to help startups develop their capability for long-term R&D for up to a two-year period.
To be eligible, your startup must meet all of the following criteria:
The grant has a maximum cap of $400,000, half of which can be spent on R&D and half on Capability Development.
Find out more about the New to R&D Grant.
The Callaghan Innovation Student Grants are designed to help increase your business’s R&D capability by giving you access to fresh talent in the fields of science, technology, engineering, design and business, at a minimal cost.
There are two types of Student Grants:
Eligibility requirements vary across the three grants. At a minimum, your startup must:
Find out more about the Student Grants by Callaghan Innovation.
Te Pūnaha Hihiko: Vision Mātauranga Capability Fund invests in developing skilled people and organizations that plan to undertake research that aims to unlock the science and innovation potential of Māori knowledge, resources and people to assist New Zealanders to create a better future.
Funding is available through 2 schemes:
Your proposal must meet the following eligibility criteria:
Approximately $2.0 million (excluding GST) per year is available to fund successful proposals for the 2 schemes: Connect Scheme and Placement Scheme.
The work programme term for both Connect and Placement schemes is up to two years.
For a work programme with a project of:
Find out more about the Te Pūnaha Hihiko: Vision Mātauranga Capability Fund.
The Hoe ki angitū – Innovation Fund set up by Waka Kotahi supports the private and non-government sectors to develop and accelerate innovative solutions that help solve transport challenges.
Hoe ki angitū is open to:
Applications are assessed on:
Successful applicants receive funding and other support for 16 weeks to “unlock” and accelerate their innovative proposals.
The $15m will be allocated over 2 years. There is one funding round per year and each round has a pool of money available for allocation across proposals.
Find out more about the Waka Kotahi Innovation Fund
The Ārohia Innovation Trailblazer Grant is a contestable grant to support non-R&D innovation activities not covered by other Government funding initiatives.
Your startup must:
1. Not yet be in-market
2. Be novel
3. Have market impact, commercial feasibility and viability
4. Create innovation opportunities for other businesses
Successful applicants can get up to $4 million in co-funding, which can be used for new infrastructure and production capabilities, employee costs, developing demonstration models and marketing.
Find out more about The Ārohia Innovation Trailblazer Grant
We’d love to hear from you! Our mission is to back the most ambitious and unrelenting founders from New Zealand and Australia right from the start of your journey – pre-seed and beyond!
You can reach out to anyone in our team [first name]@airtree.vc or submit your pitch deck here.