ANZ teams up business with science to smart economic growth
ANZ Bank New Zealand Limited
For release: 5 November 2013
ANZ teams up business with science to promote smart economic growth
A closer partnership between science and business is the key to unlocking smart growth and productivity for the future, Sir Peter Gluckman, the Government’s Chief Science Advisor, said at a special event hosted by ANZ today in Wellington.
The ANZ Private Bank “Speaker Series”, in collaboration with the Commercial and Agri team has brought together clients and major local investors to meet with Wellington’s tertiary sector and Crown Research Institutes.
Sir Peter said, “We need to build a smarter economy based on collaboration between commerce and science. The challenge is that the lack of large corporate research activity in New Zealand puts us at a serious disadvantage in developing an innovation focused ecosystem. We will have to be innovative in finding ways to build an innovation ecosystem that can support economic growth.”
Graham Turley, ANZ’s Managing Director, Commercial and Agri, said, “There’s so much that business and science can learn from each other. ANZ is using its network to bring together the scientists with commercial experts who can help turn innovation into businesses that can drive the lower North Island’s future growth.” With participants representing major Wellington-based organisations and decision makers, the event pointed to the role Wellington could play as a hub for innovation and productivity.
Wellington contributes 13.5% of New Zealand’s GDP, is the second largest economic region, has the second highest GDP per capita and the highest incomes per capita in the country. Knowledge-based industries are a large part of the local economy and include sectors like bio-medical, digital and higher-value technical services.
“ANZ’s Business Micro Scope survey shows Wellington’s small businesses are now leading the country in confidence. There’s a heightened sense of the capital’s stake in growing the national economy. We see our role as connecting the people who can develop Wellington’s next generation of businesses like WETA, XERO and TradeMe and build a smarter economy,” Mr Turley said.
“In Wellington ANZ is one of the capital’s largest employers and our clients represent some of the region’s major growth prospects. We can leverage our scale and networks to bring together the best of science and commerce and then introduce businesses to export opportunities through our international presence,” Mr Turley said.