Dodson Motorsport received R&D grant from Callaghan Innovation

 

Thirteen companies were the recipients of the latest batch of government-funded research and development growth grants totalling up to $24.5 million over three years. That brings the number of companies qualifying for the growth grants to 151 and the funding to a total of $344.5 million since they replaced the earlier technology development grants in 2013.

 

The companies getting funding in Callaghan's latest funding round include Eroad, Vensa Health, Enphase Energy, ArcActive, Aura Redeye Security, Dodson Motorsport, Howard Wright, Jackson Electrical Industries, Livestock Improvement Corporation, Mount Cook Alpine Salmon, Parts Trader Market, Sirtrack, and Talbot Technologies.

 

The growth grants meet 20 percent of the cost of an eligible firm's research and development programme with a cap of $15 million over three years. Individual firms' funding is not released due to commercial sensitivity.

 

Auckland-based Dodson Motorsport makes dual clutch transmission components for high-end cars that boost performance beyond the original manufacture. Company co-founder Harry Dodson, who also owns an autospares company said, the grant will help develop the technology for a wider range of vehciles. Some 99 percent of the components are sold offshore, he said.

 

Source:

National Business Review

https://www.nbr.co.nz/article/13-companies-gain-245m-taxpayer-funded-rd-grants-b-176487