Story image

How Callaghan Innovation's $244m revenue is shaping Kiwi innovation

28 Sep 2016

Callaghan Innovation's 2015-2016 Annual Report has now been tabled for Parliament, and it puts forward some of the most grand successes for New Zealand innovation.

The company helps businesses with commercialisation right through from development, research, equipment, people, R&D, testing and measurement.

In the report, the company details how its 'Global Expert' programme, which is a database of national and international innovation for business networks and universities. This year the Global Expert service worked with 112 customers, connecting companies to expertise.

The company also details how its Regional Business Partners initiative connects businesses to venture capital communities, regional economic development agencies and the NZTE.

According to Callaghan Innovation, it has also coached New Zealand businesses through a number of its innovation programmes, including Driving Innovation, a year-long skill development programme that develops innovation, risk management and product development.

The company's Innovation Experts Series also brought international speakers to more than 1300 business leaders and students, with positive feedback.

Callaghan Innovation also states that it champions innovation by helping startups and businesses realise their potential. The company has developed a number of programmes for students and startups.

The company says that the Futureintech programme attracted more than 57,000 school-aged students and more than 3000 teachers.

In addition, Callaghan Innovation has also cited success in its involvement with the Enterprise Europe Network, which is one of the world's largest innovation networks that works with SMBs to grow internationally. Business matchmaking tools connected New Zealand and European businesses in the medtech sector.

The company has also played a large part in incubators for 132 New Zealand startups through providing mentors, funds, awareness and development programmes. The company is also supporting Vodafone xzone, an innovation facility planned for Christchurch.

The company also used the case study of Rocket Lab, an aerospace that is well on the way to launching its first electron rocket. Callaghan Innovation awarded the company an Innovation Growth Grant in 2013, which helped them grow to a team of more than 100 engineers. They have also designed, developed, tested and qualified large vehicle engines.

The company's revenue for the 2016 year hit $244.6 million, slightly less than its $290.7 million budgeted for 2016. Revenue included $68.7 million in Crown funding and $154.1 million in Crown grants. $20.3 million came from commercial and other revenue.

Read more in the Callaghan Innovation annual report here.

50 million tonnes of e-waste: IT faces sustainability challenges
“Through This is IT, we want to help people better understand the problem of today’s linear “take, make, dispose” thinking around IT products and its effects like e-waste, pollution and climate change."
Vocus & Vodafone unbundle NZ's fibre network
“Unbundling fibre will provide retail service providers with a flexible future-proofed platform regardless of what tomorrow brings."
IDC: A/NZ second highest APAC IoT spenders per capita
New IDC forecast expects the Internet of Things spending in Asia/Pacific excluding Japan to reach US$381.8 Billion by 2022.
Xero launches new data capture product in NZ
“Data automation is the fastest growing app category on the Xero app marketplace so we know there is a hunger for these types of tools."
Security flaw in Xiaomi electric scooters could have deadly consequences
An attacker could target a rider, and then cause the scooter to suddenly brake or accelerate.
Four ways the technology landscape will change in 2019
Until now, organisations have only spoken about innovative technologies somewhat theoretically. This has left people without a solid understanding of how they will ultimately manifest in our work and personal lives.
IDC: Top 10 trends for NZ’s digital transformation
The CDO title is declining, 40% of us will be working with bots, the Net Promoter Score will be key to success, and more.
Kiwi partner named in HubSpot’s global top five
Hype & Dexter is an Auckland-based agency that specialises in providing organisations with marketing automation solutions.