R&D funding deadlines are looming, here's everything you need to know
PLUS: Rocket Lab nabs hypersonic contract, Fintech Festival is tomorrow and scientists invent a new colour.
Good morning startup land,
Happy Tuesday! We’re back after the break rested, ready and excited to shout out the best of the sector and deliver resources to help you reach your next startup milestone.
We’re kicking off today with an extremely timely guide from our friends over at Oxygen Advisors who have whipped up a handy cheat sheet which could save your startup serious money- provided you act fast!
Here’s what else is brewing in your daily shot today:
R&D funding deadlines are looming, how to ensure you don’t miss out
RocketLab Secures hypersonic contract
FinTech Festival 2025 is tomorrow!
Glacier raises $16M to expand AI recycling robots
Business is Boring: How to build a community of 10,000 marketers
Scientists invent a new colour and it’s blowing minds
Keep your stories, subs and updates coming. We love what you’re building.
Got a press release, startup story, resource or founder you’d love to connect with the Caffeine audience? Drop me a line to finn@caffeinedaily.co
Finn and the Caffeine team
Our friends from Oxygen Advisors are very kindly sharing some of their wisdom with Caffeine as to how your startup can ensure it isn’t missing out on some key grants. Check it out!
R&D Funding Deadlines are looming!
Non-dilutive funding can reduce the headache of raising capital and reduce the dilution you take on the way. New Zealand has great incentives for companies investing in R&D - startups tend to fall into that bucket.
There are a handful of key schemes which can get you up to 43% of what you spend on R&D back in cash. We’ve seen companies miss out on $1m+ of R&D funding that they were entitled to, so we’ve created a cheat sheet to make sure you don’t miss out!
The typical path for a start up is:
Aim to get the New to R&D Grant on day one, you need to have spent less than $150k on R&D to date to be eligible here so for a lot of startups they skip straight to step two
Once you exhaust the New to R&D Grant you can get both the R&D Tax Incentive and R&D Tax Loss Credit as they are not mutually exclusive
More on these and the other grants out there below:
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