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Innovation report deserves scrutiny
Media release
22 August 2007
Innovation report deserves scrutiny
The latest OECD report on innovation policy provides valuable insights into New Zealand’s strengths and weaknesses in research, science and technology, says Business NZ Chief Executive Phil O’Reilly.
“It confirms those areas where we do well, including competent public administration and strong institutional capabilities.
“It also points to areas requiring improvement, such as lack of investment in business R&D and issues with the funding of Crown Research Institutes.
Mr O’Reilly all parties should take a serious look at the OECD recommendations including:
* Improving New
Zealand’s business environment and conditions for
innovation, including policies on tax, capital markets and
outward investment
* Encouraging more young people
to study science and technology
* Improving the
supply of seed and venture capital
* Improving
broadband access
* Improving the stability of CRI
funding
* Using licensing to business firms as the
preferred route to exploiting CRI research results
*
Considering consolidation in the public research
sector
“There are valuable insights here for all parties involved in research, science and technology, including business, Government and the research sector,” Mr O’Reilly said
ENDS
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