August 04, 2016
Business advice to boost Maori economy
Thirty one Maori collectives have qualified for the latest round of the Te Punaha Hiringa: Maori Innovation Fund Commercial Advisors Scheme.
Collectives can get up to $75,000 over a year to pay for advice, and they must match what they get with a 25 percent payment from their own resources.
Science and Innovation Minister Steven Joyce and Maori Development Minister Te Ururoa Flavell says the aim is to help Maori realise the economic potential of their assets.
They say feedback from the first year of the fund last year has been good and demand is expected to remain high.
Among the successful applicants, Pukeroa Oruawhata Group is planning to turn its lakeside land in Rotorua into a health and wellness tourism precinct.
Te Kopere o te iwi o Hineuru Trust needs advice on developing Woodstock Station on the Napier-Taupo Road, which includes part of a sacred maunga, Titiokura.
Other recipients include Te Runanga o Ngai Tahu, Ngai Tahu Lands Trust, Te Runanga o Ngati Porou, Te Arawa Fisheries and Maraeroa C Incorporation.
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