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.

(BusinessDesk)

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Superu Report: Land Regulation Drives Auckland House Prices

Land use regulation is responsible for up to 56 per cent of the cost of an average house in Auckland according to a new research report quantifying the impact of land use regulations, Finance Minister Steven Joyce says. More>>

ALSO:

Fletcher Whittled: Fletcher Dumps Adamson In Face Of Dissatisfaction

Fletcher Building has taken the unusual step of dumping its chief executive, Mark Adamson, as the company slashed its full-year earnings guidance and flagged an impairment against Australian assets. More>>

ALSO:

No More Dog Docking: New Animal Welfare Regulations Progressed

“These 46 regulations include stock transport, farm husbandry, companion and working animals, pigs, layer hens and the way animals are accounted for in research, testing and teaching.” More>>

ALSO:

Employment: Most Kiwifruit Contractors Breaking Law

A Labour Inspectorate operation targeting the kiwifruit industry in Bay of Plenty has found the majority of labour hire contractors are breaching their obligations as employers. More>>

ALSO:

'Work Experience': Welfare Group Opposes The Warehouse Workfare

“This programme is about exploiting unemployed youth, not teaching them skills. The government are subsidising the Warehouse in the name of reducing benefit dependency,” says Vanessa Cole, spokesperson for Auckland Action Against Poverty. More>>

ALSO:

Internet Taxes: Labour To Target $600M In Unpaid Taxes From Multinationals

The Labour Party would target multinationals operating in New Zealand to ensure they don't avoid paying tax if it wins power and is targeting $600 million over three years through a "diverted profits tax," says leader Andrew Little. More>>

ALSO: