Last-minute reprieve for parts of Callaghan Innovation

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Wed, March 12, 2025

[ Wed, Mar 12th ] - Insider

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Last-minute reprieve for parts of Callaghan Innovation

^{Published on 2025-03-11 20:22:24 - rnz}

The government is ramping up the transition to a new science system, with major shake-ups now due to happen this year.

The article discusses a last-minute reprieve for parts of Callaghan Innovation, New Zealand's innovation agency, which was facing potential closure or significant downsizing. The government has decided to retain and enhance certain functions of the agency, particularly those related to research, development, and commercialization support for businesses. This decision comes after public and industry backlash against the initial proposal to cut back on Callaghan's services. The retained services include the management of the $300 million R&D tax incentive, support for technology transfer, and the operation of the Advanced Manufacturing Aotearoa. This move aims to bolster New Zealand's innovation ecosystem, ensuring that businesses continue to have access to crucial support for growth and technological advancement. However, the specifics on how these services will be funded or restructured remain somewhat unclear.

Read the Full RNZ Article at:
[ https://www.msn.com/en-nz/news/other/last-minute-reprieve-for-parts-of-callaghan-innovation/ar-AA1AJ1XP ]

N@N

Last-minute reprieve for parts of Callaghan Innovation