Entrepreneurial Universities

Who applies? Universities Fund focus: Capability funding, Research
Status: Ongoing Agreed through? Contract (off Plan)

As part of the Innovative New Zealand package in Budget 2016, the Government has allocated $35 million over four years for the Entrepreneurial Universities initiative.

The initiative will establish a competitive fund for co-investment with universities to attract world-leading entrepreneurial academics to New Zealand, leveraging their skills and experience to drive:

  • cutting-edge research to grow New Zealand’s competitive advantage
  • university-led innovation and entrepreneurship in existing and emerging industries
  • commercially-relevant research that fosters industry collaboration and strengthens economic growth, and
  • stronger connections with overseas universities, research institutes and businesses.

The Entrepreneurial Universities initiative will complement other initiatives in higher education and research, supporting our universities’ commitment to innovation and enterprise.

Once established, the Entrepreneurial Universities Fund will be allocated in accordance with the Minister for Tertiary Education, Skills and Employment’s funding mechanism, to be issued under section 159L of the Education Act 1989. Funding will be determined through a contestable process, and allocated and monitored through a funding arrangement with the TEC.

Find out more

Further information on the initiative and selection process will be released soon.

If you have any questions in the meantime you can contact your Investment Manager
or email eui@tec.govt.nz.

You can also refer to:

  • Last changed: 11 August 2016
  • Last verified: 11 August 2016