Hon Steven Joyce
Minister of Science and Innovation
13 April 2016
Repayable grants to 11 more tech start-ups
Eleven more start-up technology companies will be funded $450,000 each in repayable loans to help them commercialise
their technology through Callaghan Innovation’s incubator network, Science and Innovation Minister Steven Joyce
announced today.
A total of 18 companies have now been funded through Callaghan Innovation’s new technology incubators which have been
set up to help commercialise complex, new to the world, intellectual property. Companies repay the grant when they begin
to earn revenue from their venture.
The eleven new companies are:
Moxion
HiVolt Fluidics
Onesixone Limited
Mastaplex Limited
Aptamer
Upstream Medical Technologies
Nyriad Limited
HiAspect
Fishery Logistics
Pheromite
Pop In Technologies
“The latest tranche of repayable grant recipients all have the potential to solve global problems as well as developing
high-tech businesses,” Mr Joyce says.
“From better diagnosis of heart disease in emergency situations, to more efficient detection of cattle infections, the
companies being incubated through the Repayable Grants programme have the potential to not only create hi-value jobs and
industries, but will create spill-over economic and social benefits for New Zealand and overseas markets.
“The technology incubators programme is modelled on the highly successful Israeli incubator model. Growing new companies
in our high-tech sector is crucial to maintaining a strong growing economy, and developing smart start-ups will help our
businesses develop a competitive edge.”
ends