Bright Ideas Get Funding

Twelve tertiary-sector-based projects aimed at increasing the opportunities for the commercialisation of "bright ideas" have been awarded almost $11 million over the next three years. The projects have been funded from the Tertiary Education Commission's Growth and Innovation Pilot Initiatives. Two examples of what is being funded are:

  • The University of Canterbury and Lincoln University are jointly receiving $2.4 million to bring private-sector biotechnology-science entrepreneurs in to teach students and researchers, and to improve courses to prepare students for the commercial world and to appoint entrepreneurial research experts.
  • The University of Auckland is receiving $1.7 million to improve opportunities for innovation in the high-technology-manufacturing sector. This will assist the development of courses for design students and improve the ability of small and medium-sized businesses to tap into the design expertise of tertiary organisations.

More information on Growth and Innovation Pilot Initiatives can be found at: http://www.tec.govt.nz/funding/strategic/growthpilot/growth_pilot.htm

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