Yes, the NZAC (nz academy of sport) which has been extremely successful since its inception in 2001 but the vast majority of its funding goes to sports of national significance (i.e. rugby, netball, cycling, triathlon, sailing, rowing, kayaking, equestrian and athletics). There is a winter sports wing of the academy but its very amateurish.
Anyway, I dont want to use this thread whinge about NZs performance. Australians should be extremely proud of their athletes. They truly are a great sporting nation and Ive always (as I think most kiwis do) really admired them for it. But Ive said it before and Ill say it again…build a bobsled run or a ski jump in queenstown and every true blooded adrenaline junkie kiwi will be lining up to throw themselves down it.