New Zealand sports chiefs are aiming for the country's Olympic squad to earn at least one more medal at Rio in 2016 than they won in this year's London Olympics.

High Performance Sport New Zealand (HPSNZ) Thursday released its strategy through to 2020, which targeted at least 14 medals at the Rio Olympics and 16 or more medals at the 2020 Games.

"All the work in the years building up to London came to fruition when New Zealand won 13 medals at the Olympic Games and 17 at the Paralympic Games. These were outstanding results that the nation was rightly proud of," HPSNZ chief executive Alex Baumann said in a statement.

"But we need to refine how we operate if we are to continue building on this success and this strategy represents the next step in the evolution of the high performance system."

The strategy set out investment and support priorities as: sports and athletes that have medal potential at the summer and winter Olympic Games; non-Olympic targeted sports that can win at world championships; sports and athletes that have gold medal potential at the summer and winter Paralympic Games.

Other targets included:

-- Winning at world championships in targeted non-Olympic sports

-- One or more medals at the 2014 Winter Olympics in Sochi and two or more in 2018

-- Eight to 12 gold medals at the 2016 Paralympic Games

-- Two or more gold medals at the 2014 Winter Paralympics

Baumann said sports would present their high performance plans to HPSNZ for consideration in November and the next investment decisions would be announced in December.

The New Zealand government announced a freeze in funding for the country's sports bodies in August as sports chiefs were praising the Olympic team for their better-than-expected performance at the London Games.

The five golds won in London was second only in number to the eight won at the Los Angeles Olympics in 1984, while the total medal count was equal with New Zealand's 1988 performance in Seoul for the most medals the country had won at the Games.

The silver medal by sailing's 49er crew Blair Tuke and Peter Burling saw New Zealand win its 100th Olympic medal since first competing in London in 1908.

Planning for the 2012 London Games began in 2006, when the target of 10 or more medals was set, as part of the high performance strategy developed by Sport New Zealand.

In 2010, the government announced a 50-percent increase in high performance funding, bringing total funding for high performance sport in 2012-2013 to around 60 million NZ dollars (49.59 million US dollars).

New Zealand had targeted medals in six Olympic disciplines: athletics, bike, rowing, triathlon, swimming and sailing.

New Zealand finished in 16th place on the London Olympics medal table.

Sport Minister Murray McCully announced in August that funding for Olympic sporting codes would remain at about 60 million NZ dollars a year for the foreseeable future.