Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 

Overhaul R&D Funding for CRIs and Universities

Overhaul R&D Funding for CRIs and Universities says IPENZ

Currently the government funds R&D in Crown Research Institutes and universities by a similar model. However, a review published by the Institution of Professional Engineers, New Zealand (IPENZ) believes this funding mechanism needs to be overhauled.

The publication entitled: “A Review of National Policies for Fostering Research, Development, Innovation and Entrepreneurship in New Zealand”, asserts that better outcomes for innovation in industry may be achieved by improved differentiation of funding mechanisms.

“The contestable model on a project or programme basis is reasonably effective for funding University research. However, CRIs and Research Associations could be improved as delivery mechanisms, by substantially increasing devolution - lump-sum funding, application of outcomes-based performance criteria and contestability of the level of lump-sum funding according to performance,” said Dr Cleland

“A CRI would then only be really successful if it is contributing rational benefits and therefore will be forced to create strategic partnerships with its relevant industry sector to undertake research informed by the market opportunities for the sector.

“The researchers need to learn of the market issues, and help the companies resolve them. The problem of low research receptiveness in industry, would be solved as CRIs transfer staff to the industry. In effect there would be many and varied types of R&D consortia,” said Dr Cleland.

Dr Cleland will present this review at a breakfast meeting to the Wellington business community. (Wednesday, 2 June 2004).

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

Voluntary Administration: Renaissance Brewing Up For Sale

Renaissance Brewing, the first local company to raise capital through equity crowdfunding, is up for sale after cash flow woes and product management issues led to the appointment of voluntary administrators. More>>

Elsewhere:

Approval: Northern Corridor Decision Released

The approval gives the green light to construction of the last link of Auckland’s Western Ring Route, providing an alternative route from South Auckland to the North Shore. More>>

ALSO:

Media Mega Merger: Full Steam Ahead For Appeal

New Zealand's two largest news publishers have confirmed they are committed to pursuing their appeal against the Commerce Commission's rejection of the proposal to merge their operations. More>>

Crown Accounts: $4.1 Billion Surplus

The New Zealand Government has achieved its third fiscal surplus in a row with the Crown accounts for the year ended 30 June 2017 showing an OBEGAL surplus of $4.1 billion, $2.2 billion stronger than last year, Finance Minister Steven Joyce says. More>>

ALSO:

Mycoplasma Bovis: One New Property Tests Positive

The newly identified property... was already under a Restricted Place notice under the Biosecurity Act. More>>

Accounting Scandal: Suspension Of Fuji Xerox From All-Of-Government Contract

General Manager of New Zealand Government Procurement John Ivil says, “FXNZ has been formally suspended from the Print Technology and Associated Services (PTAS) contract and terminated from the Office Supplies contract.” More>>