Endeavour Fund 2025 Investment Round Overview

The Endeavour Fund 2025 Investment Round aims to support excellent science across various impact areas in New Zealand. With funding available up to $55 million, the Fund focuses on research, science, and technology projects that can positively transform the country's economic, environmental, and societal outcomes. The Investment Plan for 2025-2027 reflects government priorities, emphasizing wealth creation, climate change adaptation, and support for innovative technology firms. Explore opportunities to secure funding and drive impactful projects through the Endeavour Fund.

• Endeavour Fund
• Investment Round
• Science Funding
• Research Programmes
• New Zealand

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1. Endeavour Fund 2025 Investment Round

2. MBIE opening karakia Retain and hold fast to your mana, be bold, be brave We turn our attention to the future, that's where the opportunities lie By working together we will flourish and achieve greatness Taking responsibility to commit to doing things right TIHEI MAURI ORA T whiat mana kia mau, kia m ia Ka huri taku aro ki te pae kahurangi, kei reira te orana m ku M mahi tahi, ka ora, ka pu wai m tau mahi katoa, ka pono, ka tika TIHEI MAURI ORA

3. Outline Endeavour Fund Gazette Notice and Investment Plan 2025-2027 Changes to Smart Ideas and Research Programmes Live Q&A sessions

4. Endeavour Fund Open, contestable fund that supports excellent science in a wide range of impact areas Supports research, science or technology, or related activities that have high potential to positively transform New Zealand s economic, environmental, and societal outcomes, give effect to the Vision M tauranga policy, where applicable, and drive an increasing focus on: excellent research; and the potential for impact in areas of future value, growth or critical need for New Zealand

5. Gazette Notice Funding available up to $55 million (excl. GST). Indicative split: $17 million (excl. GST) for Smart Ideas $38 million (excl. GST) for Research Programmes Science Board aims to fund at least 47 Smart Ideas and at least 17 Research Programmes One stage application and assessment process for Smart Ideas Smart Ideas funding mechanism introduces an application cap for research organisations

6. Investment Plan 2025-2027 New Investment Plan that reflects government priorities The Science Board will look for opportunities to fund proposals that: Enable wealth creation through developing new knowledge that lifts New Zealand s economic performance (including an uplift in commercialisation), supports adaptation to climate change, and builds a resilient and prosperous society. Support growth of our base of innovative, high value exporting technology firms. Removal of Impact categories Protect and Add Value and Transform for Research Programmes

7. Vision Mtauranga Policy Proposals should consider the relevancy of the Vision M tauranga Policy where applicable. The Vision M tauranga Policy will not be relevant to all proposals. Where it is applicable, proposals should demonstrate the relevance and use of a fit-for-purpose approach.

8. Challenges with Smart Ideas MBIE s operating budget has been reduced. The process cost for Smart Ideas is roughly double that of Research Programmes for half the available funding. Applicant requirements are onerous given the value of investment. The current process is arduous for applicants, assessors, and MBIE. A one step process means we need to constrain the total number of proposals assessed.

9. Summary of main changes Smart Ideas Moving to a simplified one step application and assessment process Introducing a cap per organisation on the number of applications Consultation has happened prior to introducing the changes Smart Ideas 2025 is run as a pilot and will get reviewed Research Programmes Removal of impact categories Protect and Add Value and Transform

10. Timeline Smart Ideas Registration phase October Proposal submission mid-December One-step assessment through February Science Board meeting May Smart Ideas funding decision Applicant notification and feedback June Contracts commence October Research Programmes: No changes

11. Cap on number of applications per research organisation Cap on number of applications per organisation for Smart Ideas only Aim to receive around 150 Smart Ideas applications Organisational cap is based on a formula using a rolling number of awarded contracts as a baseline The cap for each organisation is published on MBIE s Endeavour Fund website https://www.mbie.govt.nz/science-and-technology/science-and- innovation/funding-information-and-opportunities/investment-funds/endeavour- fund Cap information will get updated and published annually by MBIE

12. What remains the same Portfolio targets Proportion of Portfolio targets Assessments and weightings Research Programmes timeline Start of contract for both funding mechanisms

13. What is next? Live Q&A sessions in July Call for Proposals beginning of September Portal opening beginning of October Endeavour Fund Roadshows in October Note: Content above subject to change

14. Thank you Contact: endeavour@mbie.govt.nz Ministry of Business, Innovation & Employment 15 Stout Street, PO Box 1473, Wellington 6140, New Zealand. www.mbie.govt.nz

15. MBIE closing karakia Ka hiki te tapu Kia w tea ai te ara Kia turuki ai te ao m rama Hui , T iki Restrictions are moved aside So the pathway is clear To return to everyday duties Enriched and unified Greetings to all