Micro-credentials funding approval guidelines available
Micro-credentials funding approval guidelines available
Information for tertiary education organisations (TEOs) seeking funding approval for micro-credentials is now available. This includes guidelines for developing applications.
Information for tertiary education organisations (TEOs) seeking funding approval for micro-credentials is now available. This includes guidelines for developing applications.
“We are excited to be able to invest in micro-credentials that have the potential to help learners, communities, and employers to acquire the skills they need, when they need them,” said Gillian Dudgeon, Deputy Chief Executive Delivery.
Read our micro-credentials funding approval page.
Micro-credentials are new stand-alone education products intended to enable learners to access specific knowledge and skills in a cost-effective and time-efficient way. They are smaller than qualifications, with a tight focus on developing skills to meet the immediate needs of industry, employers, iwi and/or communities.
We want to invest in highly capable TEOs that can deliver well-designed micro-credentials to meet the needs of industries and communities, and support government priorities.
We have developed an interim approval process while we manage the introduction of micro-credentials into the Investment Plan process.
All TEOs eligible for Student Achievement Component (SAC 1-2 and SAC 3+) or Industry Training Fund (ITF) funding can apply for funding to deliver micro-credentials. We will assess how proposed micro-credentials will contribute to achieving government priorities, and consider TEO capability and any associated risks when making funding decisions.