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Terms and conditions

To be eligible for the grant, applications must be submitted on the application form which is available on our website or from your Research Advisor. In addition to the submission of the application form, the finalists will make an oral presentation to a judging panel.

Am I eligible?

To be eligible to enter the grant, at least one competitor must be employed at the University of Otago as an academic staff member. Alternatively a competitor may be enrolled at the University of Otago as a student and apply with the support of their academic supervisor.

An application will not be eligible to win the grant if the application relates to a technology that has already received investment from Otago Innovation.

How many applications can I submit?

There is no restriction on the number of applications a competitor may submit, provided that each application is materially different from any other application made by that competitor.

If I win, how is the grant money made available to me?

The cash element of the grant will be paid to the winning participant(s) as a series of payments made against mutually agreed milestones. The process that follows is:

  • The grant winner(s) prepare a development plan for their project which includes project timelines and key milestones that sets out how the money is intended to be spent;
  • The development plan and budget is discussed and approved by Otago Innovation;
  • A final report is submitted to Otago Innovation outlining the research achieved with the grant.

Is my grant application confidential?

Otago Innovation treats all applications as confidential and will not share these with other competitors or third parties without prior agreement by the applicant. Judges will also be bound by confidentiality, as will invited potential investors.

The grant winner and Otago Innovation will agree upon the wording of a non-confidential summary of the application that may be used in a press release to announce the winner.