The funding landscape
The government is committed to supporting homegrown innovation through grants and R&D tax incentives. In short, the funding you need is available if you meet the criteria and know how and where to find it.
Take a look at last year’s R&D funding distribution
*Other Services includes electricity, gas, water and waste, telecommunication, financial and insurance services.
4%
6%
10%
24%
27%
29%
Take a look at last year’s R&D funding distribution
*Other Services includes electricity, gas, water and waste, telecommunication, financial and insurance services.
Did you know that 64% of businesses investing in research and development do so to expand into new markets or maintain their position in existing markets?
If you're looking to grow or enter new territories, now might be the time to explore funding opportunities that could support your next move.
Beyond just helping your business, these incentives are designed to:
Boost innovation
Increase R&D investment to 2% of GDP by 2028 (currently 1.4% in 2022), catching up to the OECD average of 2.7%.
Improve productivity
Innovation makes businesses more competitive and efficient.
Lower costs
Helps SMEs overcome the financial barriers to R&D investment.
Globally competitive
Aligns New Zealand with other countries offering similar incentives.
Create jobs & growth
Fuels high-tech job creation and drives economic growth.
Find out more about how Swell can help you
Untapped funding potential
Kiwi’s have a global reputation for punching above our weight and being global innovation trailblazers. Despite this, only 2,286 business applied for the R&D tax incentive in 2023, with just over 1,000 being successful.
The question is: why aren’t more organisations applying for innovation funding?
The funding is available. Swell just makes it easier to access.
At Swell, we help businesses access funding through two main avenues: R&D Tax Incentives and government grants.
R&D Tax Incentives (including the R&D Tax Incentive and R&D Loss Tax Credit) can offer up to a 43% tax credit on eligible R&D expenditure. In many cases, these tax credits can be received as cash.
Additionally, we support businesses in securing grant funding from government agencies such as Callaghan Innovation, EECA, MPI, MFE, MBIE, and several others.
From navigating the application process to securing the funding, Swell is there every step of the way, ensuring your success.
Find out if you could be eligible.
*All figures taken from StatsNZ Research and Development Survey 2023