Updated June 2026

Grant vs RDTI vs capital: which route fits the decision?

A grant, RDTI claim and capital raise solve different problems. Choosing the wrong class of pathway can waste time before the business has even checked eligibility.

Short answer. This page is a route-map guide, not an eligibility assessment. Use it to decide which official source or adviser to check first.

Quick comparison

RouteBest forMain warning
GrantDefined project with programme fit and co-funding capacityNot free money; criteria and matched funding matter
RDTIEligible R&D activity with evidence and expenditureRoutine development may not qualify
CapitalGrowth, runway, market expansion or venture-scale fundingDilution, governance and investor readiness matter
Bank/asset financeEquipment, plant, vehicles, working capital or productive assetsRefollow-up capacity and security matter

When to check grants first

Check grants first where there is a defined project, a current official programme, matched funding capacity and evidence that the activity fits the criteria.

When to check RDTI first

Check RDTI where the business is undertaking technical or scientific R&D activity, has eligible expenditure and can keep clear records.

When capital may be the real issue

Capital may be more relevant where the need is runway, hiring, inventory, sales execution, offshore setup, product certification or broader growth funding.

Official sources to check

Sources and review status

Last reviewed: June 2026.

Official sources checked: IRD, MBIE, business.govt.nz, NZTE, NZGCP, EECA and MPI, as relevant.

NZ Funding Pathways is a free resource funded by PH Capital Advisory.

General information only. Check the current official source and speak with the relevant adviser before acting.

This page provides general information only. It does not provide tax, accounting, legal, financial, investment or eligibility advice, and it does not guarantee funding.