The Government is investing $241 million in leading research projects that will help find new ways to address long-term issues such as increasing our sources of renewable energy, growing knowledge-intensive industries, and tackling New Zealand’s social issues.
The money will come from the Endeavour Fund, which uses an open, contestable process to select excellent research proposals that will provide the highest potential impacts across a range of economic, environmental and societal objectives.
This year, 71 projects were awarded funding through the fund which is New Zealand’s largest contestable research fund.
Projects to help transition to a low emissions and climate resilient economy, through the development of new energy opportunities and new materials, account for $37 million of the funding this year while $91 million is being invested in projects that help to create and grow knowledge-intensive industries.
The full list of successful projects is available HERE.
The Ministry of Business, Innovation and Employment website provides more details HERE.
The Endeavour Fund provides up to $58 million a year of new investment to fund projects that have a high potential to benefit New Zealand or transform New Zealand’s future in areas of future value, growth or critical need. Projects are funded across a number of years with about $240-$250 million per year of total funding.
Since 2016, the Endeavour Fund has invested over $948 million to support research and science in New Zealand.
Source: Minister of Research, Science and Technology.