Bringing innovative ideas to life. Today.

The Innovation Fund is jointly governed by Westpac and the Government. We support Government agencies and those working with them to solve problems and uncover opportunities, big and small.

We provide funding and expertise that supports the identification, validation and championing of innovative ideas and opportunities that make a difference for NZ.

About the fund

We live in an age when technology is moving faster than most businesses and government agencies. And while the benefits of this brave new world are extraordinary, it's often hard to seize the opportunities as they happen.

The Innovation Fund (also referred to as Innovation as a Service, or IaaS) is an initiative set up as a joint program by the New Zealand Government and Westpac to help government agencies do just that.

The aim is to identify and solve real-world issues, and drive solutions that are tangible, valuable and inspiring for all New Zealanders.

What we do



We listen to those that want to make a difference, to make things better. People who have a problem to solve and might need some support or funding to find and prove out a smart solution.



There are no set limits to the funding amount. However, this framework lends itself to staged investments based on iterative design. Funding can take many forms, but we typically are not looking to take equity stakes in businesses.



We have access to in-house (and external) expertise across a broad array of disciplines. In particular we can help refine your thinking and approach, coaching and supporting you to help turn your ideas into real.



As well as expertise, we can help connect you to potential partners and customers in the government and private sector, bringing together people with shared problems or experiences to learn from and grow with.