New Zealand-based accounting software company, Xero, received a Technology Development Grant from its government yesterday. The $4 million will be doled out over the next three years to speed up the startup’s research and development. Xero hopes this will, in turn, increase exports.
“Xero contributes significantly to New Zealand exports,” says Rod Drury. “The majority of our future growth will come from customers in Australia, the UK, USA and new territories. This grant helps speed up our export drive into these territories and beyond.”
For more information on Xero’s cloud-based accounting software, check out its FinovateSpring 2011 demo.