Kiwi-owned, and locally developed, cloud-based property valuation platform, Valocity, has been awarded an R&D Growth Grant by Callaghan Innovation.
The grant will provide up to $5 million per year, with additional funding for a further two years available on review, designed to help organisations add scale to their R&D investment for greater market impact.
A first in New Zealand, Valocity combines data, analytics and technology to create an ecosystem for valuers, brokers, lenders, insurers and consumers, streamlining the mortgage lending process.
Valocity’s technology is architected from the ground up on the next generation of Azure “Cloud” technologies.
Valocity founder and CEO Carmen Vicelich says the company is honoured to receive the Callaghan Innovation grant which will support Valocity’s fast-paced, technology innovation growth plan.
“The exponential growth in data and technologies means Valocity has a huge opportunity to provide clients with game-changing insight and solutions,” said Vicelich.
“Callaghan Innovation’s R&D growth grant further accelerates our ability to combine Kiwi ingenuity with data and technology to deliver world-class solutions to businesses both in New Zealand and internationally.”
Vicelich said Callaghan Innovation plays a vital role in New Zealand’s growth.
“We commend the government's commitment to a hi-tech, hi-growth economy through its support of emerging businesses, like Valocity, as it allows us to scale and accelerate the development of world-class technology at pace."