Gordon Campbell | Parliament TV | Parliament Today | Video | Questions Of the Day | Search

 


Budget 2006: Driving innovation through science

Hon Steve Maharey
Minister of Research, Science and Technology

Driving innovation through science

Driving innovation in the New Zealand economy is the focus of a $100 million increase in research and science funding over the next four years, said Research Science and Technology Minister Steve Maharey.

"The Labour-led government's priority is to continue New Zealand's transformation to a high-value knowledge-based economy, we see science and research as key drivers in this transformation," Steve Maharey said.

"This budget provides a further strong boost to science funding, including $81 million to support key industries and $16 million to accelerate the commercialisation of research.

"The government's investment through vote research, science and technology is now around $630 million a year, a 65 percent increase since 1999.

"Our aim is to lift the investment further to the OECD average of 0.68 percent of GDP. As a starting point we will look to make increases of $30 million in each of the next three Budgets, a boost of $180 million over three years. Any increases will be subject to policy development and in the context of the overall fiscal strategy."

Key investments include:
Accelerating commercialisation of research: A $13 million boost for the Pre-Seed Accelerator Fund to accelerate commercialisation of New Zealand research findings, including $9 million from reallocation of existing funds; A one-off $3 million increase to enable commercialisation in CRIs through equity investments, where CRIs cannot access the necessary funding.
Supporting key industries: $34 million to support world-class research capability in CRIs; $15.6 million for pastoral research and $11.7 million for energy research; $15.6 million for protecting biodiversity and enhancing biosecurity.
Other initiatives: $2 million to develop international science partnerships; $4 million for a pilot programme to provide science resources to schools.

"This Budget builds on major increases in science funding since 1999 and recognises the role of science in ensuring New Zealand's future prosperity."

ENDS

© Scoop Media

 
 
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

 

Wellington: Predator Free Capital Plan

Wellington City Council (WCC), the Greater Wellington Regional Council (GWRC) and NEXT Foundation, today announced a joint collaboration to make Wellington the first Predator Free capital city in the world. More>>

ALSO:

Gordon Campbell: On Judith Collins’ Efforts At Self Correction

Thousands of prisoners currently in prison may be entitled to an earlier release than expected – and compensation – because Corrections has incorrectly calculated their term of imprisonment. Unless of course, the government buries its mistakes by changing the law and retro-actively getting itself off the hook… More>>

ALSO:

More Justice & Corrections

Sector Opposes Bill: Local Government Bill Timeframe Extended

The Minister of Local Government Peseta Sam Lotu-Iiga has asked the Select Committee to extend the report back date for the Local Government Act 2002 Amendment Bill (No 2). More>>

ALSO:

Breed Laws Don’t Work: Vets On New National Dog Control Plan

It is pleasing therefore to see Louise Upston Associate Minister for Local Government calling for a comprehensive solution... However, relying on breed specific laws to manage dog aggression will not work. More>>

ALSO:

Not Waiting On Select Committee: Green Party Releases Medically-Assisted Dying Policy

“Adults with a terminal illness should have the right to choose a medically assisted death,” Green Party health spokesperson Kevin Hague said. “The Green Party does not support extending assisted dying to people who aren't terminally ill because we can’t be confident that this won't further marginalise the lives of people with disabilities." More>>

ALSO:

General Election Review: Changes To Electoral Act Introduced

More effective systems in polling places and earlier counting of advanced votes are on their way through proposed changes to our electoral laws, Justice Minister Amy Adams says. More>>

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
 
Parliament
Search Scoop  
 
 
Powered by Vodafone
NZ independent news