$2.46m Grant a boost in research and development for Enatel.

PRLog (Press Release) - Dec. 14, 2010 - The Technology Development Grant was announced in Christchurch last week by the Minister of Research, Science and Technology, Hon Dr Wayne Mapp. The Grant reimburses 20 per cent of eligible R&D expenditure on a business’s R&D programme, up to $2.4 million (excl. GST) a year and will be awarded for three years, after which a business will have to reapply for a grant alongside other businesses. The final amount businesses will receive depends on their actual R&D expenditure over the next three years.

In 2010/11, $92 million will be invested into 26 businesses in the high value manufacturing sector. This is the largest Government R&D investment into businesses ever. It was announced in the May Budget as a new initiative to increase business investment in R&D, with $189.5 million available over four years.

Enatel designs and manufactures a range of standby power solutions used in telecommunications, networking, wireless and industrial industries globally as well as Grid Tied Solar Inverters for the renewable energy sector and Motive Power Chargers for the industrial battery sector.

“Research and Development is at the core of any Hi Tech company and as an industry we need to continue to deliver innovative leading edge technology that provides performance, efficiency and value for customers. This Grant will enable Enatel to expand further its significant R&D investment and introduce products to market sooner than would have otherwise been the case.” Gary Foot - Managing Director, Enatel Limited.

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Enatel design & manufacture standby power solutions used in telecommunications, networking, wireless & industrial industries globally, Grid Tied Solar Inverters for the renewable energy sector & Motive Power Chargers for the industrial battery sector.