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The Performance Based Research Fund (PBRF) is a New Zealand tertiary education funding process, assessing the research performance of tertiary education organisations (TEOs) and then funding them on the basis of their performance. The PBRF will provide NZ$316 million to support the tertiary sector in 2018/19.
The PBRF model has three elements to:
All New Zealand Tertiary Education Organisations (TEOs) who are approved by the New Zealand Qualifications Authority (NZQA) to award degrees, and also receive Student Achievement Component (SAC) funding from the Tertiary Education Commission (TEC) are entitled to participate in the PBRF Quality Evaluation process.