Entrepreneurial Universities

Entrepreneurial Universities

Last updated 21 December 2016
Last updated 12/21/2016

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.

 

Who applies: Universities

Agreed through:  Contract (off Plan)

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.

Request for Funding Applications

We will allocate funding for the Entrepreneurial Universities initiative through a Request for Funding Applications (RFA) process. Information on how to apply, including the RFA document, is now available:

Entrepreneurial Universities Request for Funding Applications (PDF, 509 Kb)

Entrepreneurial Universities RFA Application Form (Word, 435 Kb)

Entrepreneurial Universities Financial information template (Excel, 141 Kb)

Application deadline

You must submit your application to us by 12:00 pm on Friday, March 17 2017.

Find out more

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

If you have any questions please email eui@tec.govt.nz. For probity reasons all questions must come through this  mailbox.

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