How the Government can support your R&D

A wide range of R&D support is available to New Zealand businesses, whether you’re just starting out or already a significant R&D investor. Explore some of the options available to help you achieve your innovation goals.

SCROLL

R&D funding support

The RDTI is part of a wide range of government initiatives designed to support R&D activity at different stages of business growth.

Other available R&D funding options include Inland Revenue's R&D loss tax credit and Callaghan Innovation's short-term R&D Loan and the Getting Started, Project and Student Grants. The RDTI supersedes the Callaghan Innovation Growth Grant which is being retired in the 2020/21 tax year.

It's important to note that the RDTI can be claimed alongside the R&D loss tax credit. It can also be claimed alongside the other R&D funding options listed below, but not for the same expenditure or for required co-funding.

Explore the downloadable infographic and other information on this page for an overview of some of the R&D funding options available to help you achieve your innovation goals.

DOWNLOAD THE R&D FUNDING INFOGRAPHIC
Government funding for research & development (R&D)Government funding for research & development (R&D)

R&D Tax Incentive

How can I get help with the costs of my R&D programme?

R&D Loan Scheme

Is there support to continue our R&D activities in the current COVID-19 environment?

Getting Started Grants

Is there funding for my business to start doing R&D?

Project Grant

Is there funding to help my business expand its R&D?

R&D loss tax credit

Can my R&D tax losses be refunded?

Student Grants

Is there funding to get short-term, skilled staff for my R&D project?
How can I access funded expertise to help with a challenging research project?
I want to add a highly skilled graduate to my R&D team, is there funding to assist?
a credit rate of 15%a $120 million expenditure capa minimum R&D expenditure of $50k per year (or less with an approved research provider)
Occur in New ZealandSeek to resolve scientific or technological uncertaintyFollow a systematic approachSeek to create new knowledge, or new or improved processes, services or goods
1. enrol with Inland Revenue on myIR. 2.keep appropriate records of your eligible R&D activity and expenditure as set out in the record keeping section. 3.make a judgement (self-assessment) that your business is an eligible entity with eligible R&D activity and eligible expenditure . 4.complete an R&D supplementary return. 5.	file your income tax return, making sure you complete the R&D tax credit field.1. enrol with Inland Revenue on myIR. 2.keep appropriate records of your eligible R&D activity and expenditure as set out in the record keeping section. 3.make a judgement (self-assessment) that your business is an eligible entity with eligible R&D activity and eligible expenditure . 4.complete an R&D supplementary return. 5.	file your income tax return, making sure you complete the R&D tax credit field.

Government Support for R&D Commercialisation and Business Innovation

Additional government support is available to help commercialise R&D outputs and to promote innovation within certain sectors of the economy. For example, NZTE offers a capability vouchers scheme to offset the costs of approved training (up to $5,000) and a low-fee business mentor service. Additionally, investment funds such as the Seed Co-investment Fund and the New Zealand Venture Fund (NZVIF) can provide extra capital to startup and early stage businesses.

It’s worth being aware that while many of these R&D commercialisation and innovation support options can be claimed alongside the RDTI, some may restrict you from claiming certain expenditure, or even altogether.

DOWNLOAD THE FULL INTRODUCTORY GUIDE