Story image

Govt to invest $35 million in NZ's 'Entrepreneurial Universities'

02 Aug 16

$35 million will be poured into 'Entrepreneurial Universities' who can attract researchers, innovation and ultimately grow New Zealand universities, Tertiary Education, Skills and Employment Minister Steven Joyce announced last month.

Joyce says the Entrepreneurial Universities programme will appeal to universities who want to ensure leading researchers base their work in New Zealand.

“We are especially wanting to recruit people with an established record in innovation and entrepreneurship in the top ‘maker’ disciplines, to help grow the pipeline of excellent innovative start-up companies in New Zealand, and train the next generation of scientific entrepreneurs,” Joyce says.

The programme will allow universities to enter a 50/50 partnership with the Government, and then find researchers to work at their institution for three to five years. While universities must bid for the opportunity, Joyce expects 15-20 researchers will be brought to New Zealand.

"It’s a very competitive world out there. We need to keep challenging ourselves and keep adding to our hi-tech sector. Entrepreneurial Universities will strengthen our research and start-up capabilities and add to the learning opportunities for our undergraduates," Joyce says.

The programme is the result of the University of Auckland's approach to the Minister and the TEC earlier this year.

It will be modelled on similar approaches taken by the US and the UK to attract and boost research ability. Joyce believes that although New Zealand universities are ranked in the top 3% worldwide, the university sector needs a boost that will benefit students in the long run, as well as the universities.

The Entrepreneurial Universities programme is part of the Government's 'Innovative New Zealand' initiative, which sets aside $761.4 million for innovation and research.

Royole's FlexPai: So bendable phablets are a reality now
A US-based firm called Royole is delivering on that age-old problem of not being able to fold up your devices (who hasn't ever wished they could fold their phone up...)
Hands-on review: Having fun in Knowledge is Power: Decades and Chimparty
They don’t revolutionise social video gaming, but they are enjoyable enough to occupy you during a wet weekend. 
Kiwis losing $24.7mil to scam calls every year
The losses are almost five times higher compared to the same period last year, from reported losses alone.
Tile's Mate & Pro Bluetooth trackers land in NZ
If your car keys (or your tablet) have disappeared into the void at the back of the couch or if you left them somewhere in your car, retracing your steps to find them could be a thing of the past.
Government still stuck in the past? Not on GovTech's watch
What exactly is GovTech and what’s been happening in our capital city?
"Is this for real?" The reality of fraud against New Zealanders
Is this for real? More often than not these days it can be hard to tell, and it’s okay to be a bit suspicious, especially when it comes to fraud.
Hands-on review: The iPhone Xs
The iPhone Xs is a win that brought numerous new and exciting features to the market.
How much does your Amazon Prime Video subscription really get you?
For our NZ$8.90 per month, the average cost per title is US$0.00126 - but we only really get a choice of 416 TV shows and 4321 movies. Choice is a little bit limited compared to other countries.