Government earmarks $15m towards commercialising hi-tech developments

The Government’s $15 million investment into initiatives supporting Kiwi start-ups is a step in the right direction but there’s still more to be done, a Massey University economist says.

The Pre-Seed Accelerator fund is aimed at developing “cutting-edge” research into viable start-up businesses.

Science and Innovation Minister Steven Joyce said hundreds of savvy hi-tech Kiwi companies were succeeding on the world stage.

“These programmes are all about filling the pipeline with the next generation of quality Kiwi start-ups.”

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