The Sir Paul Callaghan Innovation Fellowships
Sir Paul was passionate about taking research from the lab bench into the market place. These Fellowships recognise Sir Paul’s passion and commitment by giving an opportunity for academics to directly pursue commercialisation opportunities.
Prof Simon Brown, the Institute’s Deputy Director (Commercialisation and Industry Engagement), said “while many academics are committed to commercialisation the biggest impediment to turning their research into commercial products is simply lack of time. These Fellowships will allow researchers to put aside teaching and administration and focus on commercialisation for three solid months. We believe this will allow more projects to reach the stage where external partners will be willing to fund them”.
The Director of the MacDiarmid Institute, Prof Kate McGrath, said that she “expects that this initiative will lead to many new start-up companies and license deals, as well as more engagement with existing funding schemes, such as the Pre-Seed Accelerator Fund and New Zealand Venture Investment Fund”.
The MacDiarmid Institute’s Board has provided funding for two Fellowships annually to develop a business plan or business idea. Applications for the Fellowships will be evaluated on their potential to lead to formation of a new business or commercial venture (including licensing of a technology) and potential economic impact.