Pushpay Holdings (NZSX:PAY) has secured a research and development (R&D) project grant from Callaghan Innovation.

R&D project grants support firms with smaller R&D programmes and those that are new to R&D. They typically provide support of 30 per cent to 50 per cent of eligible R&D costs. The grant allows for the co-funding by Callaghan Innovation of 40 per cent of approved R&D spending by Pushpay, with a total possible allocation of $960,000 (representing 40 per cent of $2.4 million) over a 17-month period.

Pushpay’s CEO, Chris Heaslip, said, “We are very pleased to receive continued support from Callaghan Innovation. This funding provides additional resources to deliver scale and growth in the Pushpay platform through the development of new features, new markets, and scalable engineering processes and practices. Pushpay will continue to drive innovation and focus on features that offer simpler, faster and more intuitive ways to make secure payments.”

Heaslip co-founded Pushpay in 2011 with Eliot Crowther. He envisioned Pushpay’s product through a software-as-a-service model to enable businesses, organisations and consumers to benefit from m-commerce that is fast, secure and easy-to-use.