{"id":1996,"date":"2023-10-30T01:43:21","date_gmt":"2023-10-30T01:43:21","guid":{"rendered":"https:\/\/otagoinnovation.cre8ive.co.nz\/wordpress\/?page_id=1996"},"modified":"2024-04-23T04:46:29","modified_gmt":"2024-04-23T04:46:29","slug":"funding","status":"publish","type":"page","link":"https:\/\/otagoinnovation.com\/wordpress\/funding\/","title":{"rendered":"Funding"},"content":{"rendered":"<div class=\"bg-light py-5\"><div class=\"container\">\n<div class=\"row\">\n<div class=\"col col-12 col-lg-9 mx-auto text-center\">\n<h1 class=\"wp-block-heading has-text-align-center text-primary\">Funding Sources for Otago Researchers<\/h1>\n\n\n\n<p class=\"has-text-align-center wp-block-paragraph\">Funding plays a vital role in advancing academic inventions from the laboratory to the marketplace. Academic institutions, like Otago, are often hotbeds of ground-breaking research and intellectual property generation. However, without sufficient funding, these inventions may remain confined to academic circles, limiting their potential impact on society.<\/p>\n\n\n\n<p class=\"has-text-align-center wp-block-paragraph\">The right funding serves as a catalyst, enabling academic inventions to undergo rigorous development, testing, and commercialisation processes. It provides the necessary resources to conduct further research, refine prototypes, secure intellectual property rights, and navigate regulatory hurdles. Additionally, funding can help establish partnerships with industry experts, access specialised expertise, and market the inventions effectively.<\/p>\n\n\n\n<h3 class=\"wp-block-heading has-text-align-center\">Otago Innovation has Three Specific Funding Programmes<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">By leveraging Otago Innovation\u2019s funding programmes, academic inventions&nbsp;gain&nbsp;the necessary support to&nbsp;transform into real-world solutions, benefitting both the inventors and&nbsp;society as a whole.<\/p>\n<\/div>\n<\/div>\n<\/div><\/div>\n\n\n\n<div class=\"container py-5\">\n<div class=\"row\">\n<div class=\"col\">\n    <div id=\"get-featured-services-block_c42957912f5e08e17b69dfc5cd0056c2\" class=\"featured-services get-featured-services\">\n                    <div class=\"row align-items-center\"> <!-- Start of the row -->\n                <!-- Icon column -->\n                <div class=\"col-12 col-lg-6 bg-primary service-icon order-lg-0\">\n                                            <div class=\"text-center\">\n                            <i class=\"wp-block-shp-icon-icon shp-icon shp-icon--inline\">\n<svg data-shp-icon=\"activator-icon\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" id=\"Layer_1\" data-name=\"Layer 1\" viewBox=\"0 0 650 650\" style=\"width:1em;height:1em;top:0.15em;\"><defs><style> .cls-1 { fill: #231f20; stroke-width: 0px; } <\/style><\/defs><path class=\"cls-1\" d=\"m353.51,174.35c-10.61,0-19.72-3.8-27.32-11.4-7.6-7.6-11.4-16.71-11.4-27.32s3.8-19.72,11.4-27.32c7.6-7.6,16.71-11.4,27.32-11.4s19.71,3.8,27.32,11.4c7.6,7.6,11.4,16.71,11.4,27.32s-3.8,19.72-11.4,27.32c-7.6,7.6-16.71,11.4-27.32,11.4m-2.65,378.74v-126.78l-57.29-52.51-22.28,99.72-140.57-29.17,5.83-29.71,105.56,21.22,38.72-195.74-53.04,24.93v71.08h-31.83v-92.83l86.99-36.6c11.32-4.95,19.36-8.05,24.14-9.28,4.77-1.24,9.64-1.86,14.59-1.86,7.07,0,13.35,1.5,18.83,4.51,5.48,3,10.17,7.51,14.06,13.53l22.28,35.54c9.19,14.85,21.75,27.76,37.66,38.72,15.91,10.96,34.48,16.44,55.7,16.44v31.83c-23.69,0-44.82-5.48-63.39-16.44-18.57-10.96-35.81-27.41-51.72-49.33l-20.69,83.81,48.27,44.56v154.36h-31.83Z\"\/><\/svg>\n<\/i>                        <\/div>\n                                    <\/div>\n\n                <!-- Text and buttons column -->\n                <div class=\"col-12 col-lg-6 px-0\">\n                    <div class=\"card h-100 border-0\">\n                        <div class=\"card-body text-center text-lg-start p-3 p-lg-5\">\n                            <h5 class=\"fs-2 card-title text-primary\">$50K Activator Fund<\/h5>\n                            <p class=\"card-text\">A non-contestable fund created to \u201cactivate\u201d marketable projects with commercial potential. The fund can provide up to $50,000 in support for innovative or early-stage inventions (this covers IP and commercialisation costs; of which up to  $35,000 can be utilised for additional research, if research is necessary). Each application is reviewed on a case-by-case basis. As this is an annual event, each year has defined open and close dates.<\/p>\n                            \t\t\t\t\t\t\t    <div class=\"card-buttons vstack gap-2 col-10 col-lg-9 mx-auto ms-lg-0 mb-3 mb-lg-0\">\n                                                                            <a href=\"https:\/\/otagoinnovation.com\/funding\/activator-fund\/\" class=\"btn btn-secondary btn-lg\" role=\"button\">Learn more<\/a>\n                                                                    <\/div>\n                                                    <\/div>\n                    <\/div>\n                <\/div>\n            <\/div> <!-- End of the row -->\n                                <div class=\"row align-items-center\"> <!-- Start of the row -->\n                <!-- Icon column -->\n                <div class=\"col-12 col-lg-6 bg-primary service-icon order-lg-1\">\n                                            <div class=\"text-center\">\n                            <i class=\"wp-block-shp-icon-icon shp-icon shp-icon--inline\">\n<svg data-shp-icon=\"concept-icon\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" id=\"Layer_1\" data-name=\"Layer 1\" viewBox=\"0 0 650 650\" style=\"width:1em;height:1em;top:0.15em;\"><defs><style> .cls-1 { fill: #231f20; 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stroke-width: 0px; } <\/style><\/defs><path class=\"cls-1\" d=\"m140.69,502.17V241.97v260.2Zm130.1-292.73h108.42v-54.21h-108.42v54.21Zm-130.1,292.73h368.62V241.97H140.69v260.2Zm0,32.52c-8.67,0-16.26-3.25-22.77-9.76-6.51-6.5-9.76-14.09-9.76-22.77V241.97c0-8.67,3.25-16.26,9.76-22.77,6.51-6.51,14.09-9.76,22.77-9.76h97.57v-54.21c0-8.67,3.25-16.26,9.76-22.77,6.51-6.51,14.09-9.76,22.77-9.76h108.42c8.67,0,16.26,3.25,22.77,9.76,6.51,6.5,9.76,14.09,9.76,22.77v54.21h97.57c8.67,0,16.26,3.25,22.77,9.76,6.51,6.5,9.76,14.09,9.76,22.77v260.2c0,8.67-3.25,16.26-9.76,22.77-6.51,6.51-14.09,9.76-22.77,9.76H140.69Zm155.04-83.48l79.14-79.14-79.69-79.69-15.18,15.18,64.51,64.51-63.96,63.97,15.18,15.18Z\"\/><\/svg>\n<\/i>                        <\/div>\n                                    <\/div>\n\n                <!-- Text and buttons column -->\n                <div class=\"col-12 col-lg-6 px-0\">\n                    <div class=\"card h-100 border-0\">\n                        <div class=\"card-body text-center text-lg-start p-3 p-lg-5\">\n                            <h5 class=\"fs-2 card-title text-primary\">Funding for Advanced Commercial Projects (120K+)<\/h5>\n                            <p class=\"card-text\">Appropriate for advanced commercial technologies  that have solid early research findings but require significant funding to become investor-ready. Ideal for \u201csmart-idea\u201d type programmes that demonstrate excellent commercial opportunity. Non-contestable, assessed case-by case basis on a\u00a0first-come, first-served basis. This programme has a limited budget.<\/p>\n                            \t\t\t\t\t\t\t    <div class=\"card-buttons vstack gap-2 col-10 col-lg-9 mx-auto ms-lg-0 mb-3 mb-lg-0\">\n                                                                            <a href=\"https:\/\/otagoinnovation.com\/funding\/advanced-project\/\" class=\"btn btn-secondary btn-lg\" role=\"button\">Learn more<\/a>\n                                                                    <\/div>\n                                                    <\/div>\n                    <\/div>\n                <\/div>\n            <\/div> <!-- End of the row -->\n                        <\/div>\n    \n<\/div>\n<\/div>\n<\/div>","protected":false},"excerpt":{"rendered":"","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":4,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_acf_changed":false,"footnotes":""},"class_list":["post-1996","page","type-page","status-publish","hentry"],"acf":{"static_banner":{"banner_headline":"Funding","banner_subhead":"","banner_image":3486,"image_vertical_placement":30,"image_horizontal_placement_":50}},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.0 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Funding Options - Otago Innovation<\/title>\n<meta name=\"description\" content=\"The right funding enables academic inventions to progress into real-world solutions. 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