The R&D Career Grant is an internship designed to bridge the first six months of employment-gaining work experience for recent PhD or masters graduate students.
The student is expected to support your business in solving an R&D problem faced in the development of a new product, process or service.
How it works
Your business will receive the first six months of the student’s annual salary costs up to:
-
$30,000 (plus GST) for a masters graduate (based on annual salary of $60,000)
-
$35,000 (plus GST) for a PhD graduate (based on an annual salary of $70,000)
Businesses can apply for an R&D Career Grant as soon as they identify a suitable student.
Eligibility criteria
For businesses
To apply for an R&D Career Grant, your business must be one of the following:
-
Registered under the Companies Act.
-
Registered under the Limited Partnerships Act.
-
A Māori incorporation or trust established under the Te Ture Whenua Māori Act, a trust set up to manage assets as part of a Treaty of Waitangi settlement, a Māori statutory body, or a business controlled by one or more of these entities.
To qualify, your business must also:
-
Have an active R&D programme i.e. a R&D budget and R&D staff
-
Meet financial due diligence requirements.
For students
To be eligible for an R&D Career Grant internship, students must:
-
Be about to complete, or have recently completed, a masters or PhD degree in science, technology, engineering, design or business ie, have submitted a thesis for marking (or completed course requirement for taught masters) less than 12 months ago
-
Have undertaken the study at a New Zealand tertiary institution if you are not a New Zealand citizen
-
Be legally permitted to work in New Zealand
-
Not have been employed in the industry under a professional arrangement related to your area of study except temporary, part-time or at a tertiary organisation
-
Not have been previously employed at the business – unless this was short-term employment (eg over the summer break)
To learn more about how this grant could support your business, and complete an application, contact our Business Growth advisor below
For more information, please contact:
