R&D grant awarded to Rakon
January 2014: Rakon is proud to be one of 31 companies to receive a government Research and Development Growth Grant. Recipients were announced in January by Science and Innovation Minister Steven Joyce. Rakon will receive more than NZ$1 million per year in funding over three years.
The R&D Growth Grants were introduced last year as part of changes to R&D funding designed to encourage more research and development to be undertaken by businesses in New Zealand.
“These companies have the potential to grow further and faster through the innovation this support will foster”, Mr Joyce said.
Rakon’s General Manager of Engineering New Zealand, Michael McIlroy said the company was very pleased to be a recipient of the grant.
“There are a wide range of engineering disciplines carried out at our New Zealand facility – from electrical, mechanical, electronics and systems engineering through to materials science, thermodynamics and software engineering. We strive to be a center for excellence in engineering and support developing New Zealand engineering talent.
“Rakon is focused on essential R&D that puts us at the forefront of the frequency control products industry. The grant will be used toward the many product improvements, new products as well as equipment and software development projects that are in the pipeline, or that are currently underway.
“Receiving the grant recognizes Rakon’s commitment to R&D and technology creation here in New Zealand for global markets”, he said.