PVENT1407
IN CONFIDENCE
Section 1: Contract summary
1.1 Summary information
Investment area:
Business Incubator Award Grant - Technology
Contracting organisation:
powerHouse Ventures Ltd
Postal address
Courier address
P O Box 29519
Level 3
Christchurch
2 Hazeldean Road
NEW ZEALAND
Addington
8540
Christchurch
NZ
8024
Total contract value:
$3,250,000.00
$487,500.00
$3,737,500.00
GST excl. amount
GST amount
Total amount
Full title:
powerHouse Ventures Ltd - Business Incubator Award Grant
Number of years'
funding:
3
Contract ID:
PVENT1407
Payment schedule:
Quarterly in advance
Start date:
01/07/2014
End date:
30/06/2017
Approval date:
21/05/2014
EDRMS Decision sheet
reference:
MAKO 19881714
Meeting reference:
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1.2 Key people
Year 1 FTE figures
Name
Organisation
Role
Stephen Hampson
Powerhouse Ventures Ltd
Contact person,
Project manager
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Person:
Stephen
Hampson
powerHouse Ventures Ltd
Contact person,Project
Fi rs t na me
La s t na me
Orga ni s a ti on
manager
Rol e (s )
Email:
[email address]
Phone number:
s9(2)(a)
Position in organisation:
1.3 Variations to Callaghan Innovation general terms and conditions
Variations to Callaghan Innovation general terms and conditions:
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1.4 Contract conditions
Conditions
Condition/Comment
Type:
Class:
Recurrence: Sign-off
Due date:
Date
Updated Date
Responsibility:
satisfied:
by
updated
You must provide Callaghan Innovation with an
Contract Due
National
01/07/2016
updated business plan (including a balance sheet,
diligence
Manager
profit and loss statement and cashflow statement) for
the period from 1 July in the year the update business
plan is due to 30 June 2017. The business plan must
be in a form that is satisfactory to Callaghan
Innovation in its sole and absolute discretion. (Annual
for each year that you receive funding)
You must provide Callaghan Innovation with an
Contract Due
National
01/07/2015 17/08/2015 s9(2
09/06/2016
updated business plan (including a balance sheet,
diligence
Manager
)(a)
profit and loss statement and cashflow statement) for
the period from 1 July in the year the update business
plan is due to 30 June 2017. The business plan must
be in a form that is satisfactory to Callaghan
Innovation in its sole and absolute discretion. (Annual
for each year that you receive funding)
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Conditions
Condition:
You must provide Callaghan Innovation with an updated business plan (including a balance sheet, profit
and loss statement and cashflow statement) for the period from 1 July in the year the update business
plan is due to 30 June 2017. The business plan must be in a form that is satisfactory to Callaghan
Innovation in its sole and absolute discretion. (Annual for each year that you receive funding)
Type:
Contract
Class:
Due diligence
Due date:
01/07/2016
Date satisfied:
Recurrence:
Sign-off Responsibility:
National Manager
Comment:
Conditions
Condition:
You must provide Callaghan Innovation with an updated business plan (including a balance sheet, profit
and loss statement and cashflow statement) for the period from 1 July in the year the update business
plan is due to 30 June 2017. The business plan must be in a form that is satisfactory to Callaghan
Innovation in its sole and absolute discretion. (Annual for each year that you receive funding)
Type:
Contract
Class:
Due diligence
Due date:
01/07/2015
Date satisfied:
17/08/2015
Date satisfied performed by: s9(2)(a)
, Date: 04/02/2016
Recurrence:
Sign-off Responsibility:
National Manager
Comment:
File site 501930
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s9(2)(j)
s9(2)(a)
s9(2)(a)
s9(2)(a)
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s9(2)(a)
s9(2)(a)
s9(2)(a)
s9(2)(a)
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Section 2: Payment details
2.1 Recipient
Project recipient
Recipient Name
27283
Powerhouse Ventures Limited (Operational)***CI***
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2.2 Milestone section for funding
Sequence
Short title
Type
Start date
End date
Realisation
date
1
Business Incubator Award Grant
Impact statement
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Impact statement 1
Impact statement 1
Title:
Business Incubator Award Grant
Output expense: Priority
area
Incubator Operational/Support Funding
Milestone for funding:
Business Incubator Award Grant
Requested funding
Start date
Months Funding
Total annual funding
01/07/2014 12
$1,550,000.00 $232,500.00 $1,782,500.00
$1,782,500.00
GST e xcl . a mount
GST a mount
Tota l a mount
01/07/2015 12
$1,200,000.00 $180,000.00 $1,380,000.00
$1,380,000.00
GST e xcl . a mount
GST a mount
Tota l a mount
01/07/2016 12
$500,000.00
$75,000.00
$575,000.00
$575,000.00
GST e xcl . a mount
GST a mount
Tota l a mount
Total:
$3,250,000.00 $487,500.00 $3,737,500.00
$3,737,500.00
GST e xcl . a mount
GST a mount
Tota l a mount
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