Viewport width =
July 31, 2016 | by  | in News |
Share on FacebookShare on Google+Pin on PinterestTweet about this on Twitter

Joyce and his “unashamedly elite fund”

A new government initiative, billed at $35 million, is set to encourage world-renowned researchers and entrepreneurs to New Zealand.

Entrepreneurial Universities—as the endeavour has been titled—will encourage all of New Zealand’s universities to enter into 50:50 partnerships to acquire the expertise of highly sought-after entrepreneurial academics and their teams.

Tertiary Education, Skills and Employment Minister, Steven Joyce, describes it as an “unashamedly elite fund,” saying innovators will need to be highly qualified and to be involved they must have history in innovation and entrepreneurship in a valuable sector, such as biotech or computer science.

It is hoped that over the next three to five years 15 to 20 entrepreneurs will travel to New Zealand accompanied by their teams.

At $1 million per team per year, the initiative is expected to be worthwhile for start-up companies, commercialisation of intellectual property, and scientific training for young people.

The initiative began as a start-up at the University of Auckland but is by no means a new business model—many currently exist throughout the world, particularly in the US and the UK.

 

Share on FacebookShare on Google+Pin on PinterestTweet about this on Twitter

About the Author ()

Add Comment

You must be logged in to post a comment.

Recent posts

  1. Hello!
  2. Misc
  3. On Optimism
  4. Speak for yourself
  5. JonBenét
  6. Ten things I wish my friends knew about being Māori
  7. 2016 Statistics
  8. I Wrote for Salient for Four Years for Dick and Free Speech
  9. Stop Liking and Commenting on Your Mates’ New Facebook Friendships
  10. Victoria Takes Learning Global
pink

Editor's Pick

Ten things I wish my friends knew about being Māori

: 1). I wish my friends knew that when they ask me what “percentage” of Māori I am—half, quarter, or eighth—they make me feel like a human pie chart. I don’t know how people can ask this so nonchalantly, but they do. So I want to let you know: this is a very threatening