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


Wgtn identity, Mike 'MOD' O'Donnell, to head new govt unit

Wellington identity, Mike 'MOD' O'Donnell, to head new govt business

By Pattrick Smellie

July 4 (BusinessDesk) - Departing TradeMe chief operating officer and Wellington man about town, Mike 'Mod' O'Donnell is to head a start-up joint venture owned jointly by the Ministry of Foreign Affairs and Trade and the government's trade promotion body, New Zealand Trade and Enterprise, to market public sector intellectual property to other governments.

O'Donnell will be executive director of the new venture, which a statement today says will "take New Zealand government know-how, systems and intellectual property (IP) to international markets."

Budget papers released yesterday show the Treasury opposed the scheme, which has a $5.3 million budget allocated over the next four years, according to a table in a March 24 email detailing the Treasury's reaction to NZTE's strategy refreshment plan. That plan included development a new "government to government commercialisation office".

The Treasury said at that stage the proposal was still being developed and the need for additional NZTE funding had not been established.

In a statement announcing O'Donnell's appointment, NZTE chief executive Peter Chrisp said: "New Zealand government agencies are well respected internationally, and there’s an opportunity to grow export revenue by taking their skills, systems and know-how to market on a commercial basis. This is not in competition with the private sector, rather complementing and partnering with business to maximise value from government IP."

“This will be a commercial operation, so it needs a leader with an entrepreneurial background, strong private sector experience and an extensive network. We think Mike is a great fit. We’re delighted to have him on board.”

As well as working at Trade Me, O’Donnell is a professional director and business columnist and has carved out a reputation for loud shirts, motorcycling anecdotes and brand and reputation management.

He starts in his new role in early September and will report to a joint NZTE/MFAT management board, chaired by Peter Chrisp.


© Scoop Media

Business Headlines | Sci-Tech Headlines


DIY: Kiwi Ingenuity And Masking Tape Saves Chick

Kiwi ingenuity and masking tape has saved a Kiwi chick after its egg was badly damaged endangering the chick's life. The egg was delivered to Kiwi Encounter at Rainbow Springs in Rotorua 14 days ago by a DOC worker with a large hole in its shell and against all odds has just successfully hatched. More>>


Trade: Key To Lead Mission To India; ASEAN FTA Review Announced

Prime Minister John Key will lead a trade delegation to India next week, saying the pursuit of a free trade agreement with the protectionist giant is "the primary reason we're going" but playing down the likelihood of early progress. More>>



MYOB: Digital Signatures Go Live

From today, Inland Revenue will begin accepting “digital signatures”, saving businesses and their accountants a huge amount of administration time and further reducing the need for pen and paper in the workplace. More>>

Oil Searches: Norway's Statoil Quits Reinga Basin

Statoil, the Norwegian state-owned oil company, has given up oil and gas exploration in Northland's Reinga Basin, saying the probably of a find was 'too low'. More>>


Modern Living: Auckland Development Blowouts Reminiscent Of Run Up To GFC

The collapse of property developments in Auckland is "almost groundhog day" to the run-up of the global financial crisis in 2007/2008 as banks refuse to fund projects due to blowouts in construction and labour costs, says John Kensington, the author of KPMG's Financial Institutions Performance Survey. More>>


Health: New Zealand's First ‘No Sugary Drinks’ Logo Unveiled

New Zealand’s first “no sugary drinks logo” has been unveiled at an event in Wellington... It will empower communities around New Zealand to lift their health and wellbeing and send a clear message about the damage caused by too much sugar in our diets. More>>


Get More From Scoop

Search Scoop  
Powered by Vodafone
NZ independent news