This article was published on 6 October 2016
Callaghan Innovation will run three new accelerator programmes to help develop early-stage start-up businesses in 2017, Science and Innovation Minister Steven Joyce announced today.
This will include a FinTech accelerator co-funded by Kiwibank, a digital accelerator run from The IceHouse, and an energy accelerator still under development.
“Accelerators are proven around the world to create the conditions to get early-stage businesses to the point where they can grow, attract capital and generate revenue under their own steam,” Mr Joyce says.
“They provide mentoring, inspiration and structural support for business development, while also stress-testing the founders’ business model to expose gaps that need addressing.”
Callaghan Innovation also recently confirmed two years of additional funding for the extension of the technology incubator pilot with existing providers Astrolab, Powerhouse Ventures and WNT Ventures.
“Later this year Callaghan will be running open tenders for both accelerator and founder incubator funding that begins next July. Running these processes together recognises that some providers offer both types of services.
“High growth start-ups are key contributors to the Government’s goals for growing business R&D and exports and making the most of the digital economy,” Mr Joyce says.
For more information and to apply to join the Kiwibank Fintech Accelerator, go to the Creative HQ website.