Callaghan Innovations Deep Tech Programme Spurs Record Investment in Early-Stage Startups

Oct 03, 2024

Highlights:

  • Callaghan Innovation's Deep Tech Incubator Programme has attracted more pre-seed and seed investment than any other business sector in New Zealand.
  • The Crown entity has distributed $44 million in repayable grants and co-invested $81 million with private investors to support early-stage startups.
  • The programme targets high-risk, early-stage startups, providing crucial support where traditional investors may hesitate.

Growing Support for New Zealand’s Tech Sector

Callaghan Innovation, a Crown entity in New Zealand, has achieved significant success with its Deep Tech Incubator Programme since its launch ten years ago. The programme now leads in attracting pre-seed and seed investment across various business sectors. At the time of writing, Callaghan Innovation has distributed $44 million in repayable grants and co-invested $81 million with private investors, propelling the country's startup ecosystem.

Targeting Early-Stage Startups

The Deep Tech Incubator Programme focuses on supporting very early-stage startups, a high-risk period when even angel investors and venture capital firms may hesitate. By providing both financial and strategic backing, the programme bridges this gap and helps startups bring innovative technologies to market.

Strengthening New Zealand’s Innovation Landscape

Callaghan Innovation's consistent efforts have bolstered New Zealand’s reputation as a growing hub for tech innovation. The programme continues to play a key role in nurturing the country’s tech-driven economy.

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