The Government will dedicate an extra $70 million to its National Science Challenges, more than doubling its funding for 10 new major research projects.
The $133.5 million in funding will be used for 10 projects aimed at tackling a broad range of science-based issues, including health care, food nutrition, protecting and managing biodiversity, climate change and preparing for natural disasters.
Prime Minister John Key, announcing the additional funding at the Auckland War Memorial Museum this afternoon, said the programme was important for the future of the country's economy.
"Science makes our lives better and science makes us richer as a country," Mr Key said.
The additional $73.5 million will fund the projects as they begin over the next four years and the funding will be new spending as part of this year's budget, Mr Key said. The original $60 million in funding was from last year's Budget.