Scott Technology managing director Chris Hopkins. Photo by
Listed Dunedin company Scott Technology is one of 31
businesses to receive a share of government research and
development grants, worth in total $140 million over three
Scott confirmed in late November - at its annual
shareholders' meeting - it would be receiving $5 million in
research and development (R&D) funding over the next
three years, which equated to the company spending up to a
total $25 million during that period. Scott managing director
Chris Hopkins said when contacted, the government grants,
which were 20% of any R&D spent and refunded on a
quarterly basis, would be split among further development of
its existing meat robotics, dairying and superconductor
''It can be split on all aspects of research and development,
and is [entirely] flexible on how much can be spent each
quarter, depending on requirements,'' Mr Hopkins said. All
government innovation support programmes were administered by
Callaghan Innovation, New Zealand's new high-tech
headquarters for Kiwi businesses, Science and Innovation
Minister Steven Joyce said yesterday.
The R&D ''growth grants'', introduced last year in a
change to R&D funding, were designed to encourage more
R&D be undertaken by New Zealand businesses.
''They provide up to $5 million co-funding a year to
mid-sized and large New Zealand-based companies that are
experienced in doing R&D,'' Mr Joyce said in a statement.
While best known over decades for manufacturing automated
production lines for export, Scott has through acquisitions
and joint ventures diversified into robotic lamb boning,
automated dairy milking, superconductor motors and
mining-sector sample analysis equipment.
Among new R&D developments, Mr Hopkins said Scott was
beginning more development of its robotics for the Australian
Mr Hopkins said after two years of receiving funding, Scott
could be considered for a further two-year funding extension.
Mr Joyce said for companies to qualify for a growth grant,
they had to commit to spend at least $300,000, and at least
1.5% of their revenue on R&D in New Zealand.
''These companies have the potential to grow further and
faster through the innovation this support will foster,'' Mr
There was now a total of $566 million available over four
years, at $141.5 million a year, through the Callaghan
Innovation's business research and development grant schemes,