$209m Govt funding announced for new science projects

Science and Innovation Minister Steven Joyce has announced a total investment of over $209 million over the next five years in new scientific research projects through the Ministry of Business, Innovation and Employment 2016 Endeavour Fund.

The Endeavour Fund invests in science designed to have a positive impact for New Zealand economically, environmentally and socially in a three to ten year timeframe.

It sits alongside the Marsden Fund, which is designed to promote discovery science, the Health Research Fund, administered by the Health Research Council, and the business-led R&D programmes of Callaghan Innovation.

The fund supports both Smart Ideas initiatives and larger Research Programmes.

Smart Ideas initiatives catalyse and rapidly test promising, innovative research ideas, and contracts are awarded for two to three years. Research Programmes are awarded for three to five years and support ambitious research ideas, with high potential to deliver significant impact for New Zealand’s economy, environment, and society.

Up to $10 million a year in total will be invested in 28 projects under the Smart Ideas initiative, and up to $38 million a year in total will be invested in 28 Research Programmes.

The ministry received 563 proposals through the application process. The successful proposals were selected by the Science Board, an independent statutory board, following assessments by around 300 New Zealand and international independent experts.

The new research contracts start on 1 October for periods of between two and five years.

More information on the successful research programmes can be found here.

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