KEY POINTS:
Three South Island universities have joined forces to encourage entrepreneurship.
The project partnering Canterbury, Lincoln and Otago universities has been awarded $3 million from the Government's Encouraging and Supporting Innovation Fund.
Canterbury University project leader Bill Swallow said the goal was to encourage "active embracement of entrepreneurship".
"The project will help facilitate the capture of intellectual property and develop technology-based businesses through which we aim to help catalyse the economic transformation of NZ," Dr Swallow said.
"We will also see a stream of business-savvy New Zealand graduates."
- NZPA