Technology / Economy

Software companies unhappy with new R&D funding scheme

07:42 am on 16 March 2021

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Software companies are unhappy they've been all but written out of the government's new Research and Development funding system, which begins in just over two weeks' time.

From 1 April a tax incentive will replace the Callaghan Innovation growth grant, however with the change comes a narrowed criteria, potentially shutting out hundreds of local firms.

The government says it's aware of "teething problems" and is working on a fix.

Emma Hatton reports.