How the Government can support your R&D
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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.
R&D Tax Incentive
R&D Loan Scheme
Getting Started Grants
Project Grant
R&D loss tax credit
Student Grants
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.
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