The NZ Government has just announced $230 million for encouraging entrepreneurship and “risk-taking”. This includes $150 million to provide loans to R&D intensive businesses, with a cap of up to $100,000.
The scheme will be up and running by early June, with details still to come on the loan interest rates, which are quoted as being offered at “favourable terms”. $80 million was also announced to encourage businesses to develop new products by enabling them to claim tax deductions for unsuccessful or abandoned assets.
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From our humble beginnings in 1995, Formworks have grown into one of New Zealand’s leading industrial design studios. Now in our 25th year, we thought we’d share a selection of projects, condensed into 60 seconds.
As all New Zealanders unite in the fight against the spread of Covid-19, Formworks will be away from the studio and working remotely from our homes. Please know that we continue to work as usual, but we are just doing so from a different location!
If you have any enquiries, whether it is for an existing or new project, please don’t hesitate to contact us. We are available on mobile or email to answer any questions you may have.
Thank you for your understanding and support during this time. But most importantly stay safe, and we look forward to being back to normal as soon as possible.
I recently bumped into someone who asked what I did for a living. I told them I was a designer and was met with “oh, you create pretty pictures…”
Yes, it’s where we start, but it’s only a small part of the design process. To develop a product from idea to production requires concept development, CAD modelling, prototyping, CAD refinement, more prototyping and finally production procurement.
227 components, 5 fabric bags, 36 injection mould tools, 3 fabric forming tools, 3 extrusion dies, 8 stamp press tools and 3 spring forming tools produced across two countries is what it took to produce one Barmes freebase. All parts designed and specified from pretty picture to manufacturable product by Formworks.