The move follows a report by the Prime Minister’s Science, Innovation and Technology Advisory Council identifying four priority areas for future public investment.
The Minister says the investment will ‘unlock new economic opportunities’ with native flora and fauna.
Plans for an IPO on the ASX have been put on the back burner for now.
The receivers are applying for High Court direction on distributing the proceeds of selling the company’s assets.
Administrators are looking to sell the company to local or international buyers.
As Callaghan Innovation winds up, its board has been asked to explore the full range of commercial options for its science precinct in Lower Hutt.
The Government confirmed this morning it will continue to support the scheme that was introduced by the previous Labour Government.
NZ Game Developers’ Association’s annual survey of the sector shows it generated 94% in export earnings in the last year.
Interests associated with Sir Stephen Tindall, Peter Goodfellow, and the Holdsworth family acquired failed company's assets from receivers in July.
CEO Mark Callander says Spark’s strategic shift to ‘connectivity’ will be a hard sell given three main players now have network equivalence.