How funding works
A loan built around the project.
Individually tailored loans. Not a government grant, not equity.
Wenderholm, Auckland
The numbers, up front.
The pool is the same figure as the maximum. Not every applicant is funded to the maximum.
Sized to the project.
Any amount up to NZD $100,000, set by four things:
- The value of what has been invested so far
- The stage the project has reached
- The risks between here and a marketable product
- Human capital: the people and skills behind it
You show these with a progress report, a project valuation and a clear pathway to completion.
Money follows delivery.
Funding is released in milestone payouts agreed by both sides before the loan starts. Evidence releases each payment.
Successful applicants report at agreed intervals. Terms for missed milestones are negotiated as part of the individual agreement.
Interest follows the risk. Your rate comes from your project’s risk score, so lower risk means a lower rate. It holds steady from one milestone to the next. If the risk falls in between, your rate comes down. If it rises, your rate goes up.
One loan document, signed by both sides.
It sets out:
- When the loan starts and is expected to end, typically after three years
- The milestones to meet, and the time allowed for each
- A repayment plan, personalised to your project
- Any other conditions you both agree
Negotiated, not standardised.
Schedules are set per project: during the build, after launch, or through a pre-agreed option to purchase shares in the finished product. Revenue-sharing is also possible.
Terms can be renegotiated if a project slips. Early repayment carries no penalty.
If a funded project never reaches commercialisation, Wing liquidates what it can and writes off the rest.
You keep the intellectual property.
No personal guarantee. The project is the collateral: the end product of the research and the assets involved in it.
Successful applicants own the IP they develop. It is held as security and released once the loan is repaid in full.
Full security and repayment terms are set out in the binding agreement, which you see before committing.
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The project
The end product of the research and the assets involved in it form the collateral.
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During the loan
You own the IP you develop. Wing holds it as security.
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Repaid in full
The intellectual property is released from security.
No personal guarantee. Full security and repayment terms are set out in the binding agreement.
Finance, and only finance.
Please note that Wing R&D Fund does not offer mentoring, investor/collaborator introductions, or workshops.
A loan, not a grant.
What it costs, in dollars.
Interest is set between 1% and 8% by the risk in the project, not by anything you choose. Move the amount to see what a rate would cost you over a year.
Wing releases funds against pre-agreed milestones, so the real figure is usually lower than this: the illustration assumes the whole amount is drawn on day one.
Interest accrued in the first twelve months
$100,000 is the maximum request and also the annual lending pool. Not every applicant is funded to the maximum.
Wing sets this, not you. Lower risk, lower rate.
Illustrative only, not an offer, a quote or a repayment schedule. Simple interest on the full amount from day one, rounded to the nearest dollar, at one rate throughout; in practice Wing reviews the rate at each milestone as the project’s risk changes. Because Wing releases funds against pre-agreed milestones rather than in one payment, a real figure is usually lower than this. Your rate is set by the risk in your project, repayment is negotiated case by case, there is no application fee and no penalty for repaying early. Every term sits in the binding agreement.
Ready for the next stage?
A few questions. No fee, no commitment.
Lake Hāwea, Otago