Updated Endeavour Fund Investment Plan Released to Boost Science and Research

“Endeavour is the Government’s largest contestable fund for science and research. It is crucial that this investment aligns with our priority of rebuilding the economy,” Ms. Collins stated.


Devdiscourse News Desk | Wellington | Updated: 03-07-2024 13:34 IST | Created: 03-07-2024 13:34 IST
Updated Endeavour Fund Investment Plan Released to Boost Science and Research
The updates to the fund aim to leverage exceptional ideas and developments from the science, innovation, and technology sectors. Image Credit:
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Science, Innovation, and Technology Minister Judith Collins has unveiled the updated Endeavour Fund Investment Plan, the Government’s $55 million per annum fund dedicated to science and research.

“Endeavour is the Government’s largest contestable fund for science and research. It is crucial that this investment aligns with our priority of rebuilding the economy,” Ms. Collins stated.

The updates to the fund aim to leverage exceptional ideas and developments from the science, innovation, and technology sectors.

“Our focus is on creating a system that supports growth and fosters a science sector that drives high-tech, high-productivity, and high-value businesses and jobs,” Collins added.

Commercialisation is essential to realising the social and economic potential of our science, innovation, and technology system. “I look forward to learning more about the impactful projects funded through future funding rounds,” Collins said.

Up to $55 million is available annually for new Endeavour Fund projects. The 2025-2027 investment plan outlines the next three annual funding rounds and will guide the board in selecting proposals that:

Enable wealth creation through developing new knowledge that lifts New Zealand’s economic performance, including increased commercialisation, supports adaptation to climate change, and builds a resilient and prosperous society.

Support the growth of innovative, high-value exporting technology firms.

“This update will provide the crucial direction needed to ensure our science investment benefits the economy and all New Zealanders,” Collins concluded.

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