CPN Funding for KiwNet and ReturnOnScience Increased

The big news in our neck of the woods this week has been the formal announcement of the Commercialisation Partner Network (CPN) getting increased operational funding, alongside a boost to the Pre-Seed Accelerator Fund (PSAF). Together, these two publicly funded programs help take great ideas out of research institutions and pair it with both expert advice and pre-seed funding to get these projects investment-ready.

We are proud to work with both KiwiNet and ReturnOnScience, both by giving our expertise back to the community (our team members sit on several ReturnOnScience Investment Committees), as well as providing forward pathways for high-performing projects to get seed capital and support.

The timing of the announcement was relatively fortuitous, as the Momentum program has spread to Dunedin with the first meeting of the Otago Momentum Investment Committee yesterday on the 9th of July. This makes three student-led Momentum committees: Auckland, Wellington, and Otago. This is a great initiative for professional development for the next generation of commercialisation and investment professionals, as well as a great opportunity for fast-moving projects (particularly those led by student teams) to get some advice and suggestions from a diverse range of perspectives.

Read more here:
Ministerial Press Release: https://www.beehive.govt.nz/release/backing-bright-ideas-early-boosts-innovation-economy
KiwiNet Press Release: https://www.kiwinet.org.nz/News/KiwiNet_secures_significant_funding_boost