Gordon Campbell | Parliament TV | Parliament Today | News Video | Crime | Employers | Housing | Immigration | Legal | Local Govt. | Maori | Welfare | Unions | Youth | Search

 


Government Gets It Right Says Hi-Tech Leaders

The NZ Intellectual Capital Foundation (NZInC), responsible for developing the initial strategy of the Government's Bright Future Programme, is delighted with today's announcement of thirty initiatives that will enable New Zealand to compete with other technologically advanced countries around the world.

"The Government has provided us with the opportunity and direction necessary to build a US style `industrial powerhouse' in the South Pacific", says NZInC Marketing Director, Vivienne Feijen. "The New Zealand hi-tech sector now has the infrastructure, resources and incentives in place to mirror the success of US entrepreneurial business creation (which has launched giants such as Microsoft and Intel)."

NZInC sees the key to the success of the programme being the ability of the eight new groups to collaborate and cohesively execute the broad ranging initiatives that have been announced today. "The Government needs to attract passionate, talented individuals on to the Innovate New Zealand Council if this venture is to succeed", says Ms Feijen.

NZInC was formed by eight, individually successful, leaders from within the Hi-Tech electronics, software and export industry (including Swichtec's entrepreneurial multi millionaire Dennis Chapman and Tradenz CEO Fran Wilde). It has developed an implementation strategy that covers most of the initiatives outlined in today's Government announcement .

"Although we applaud its initiative we see the steps the Government has taken today as just the beginning," says Vivienne Feijen. NZInC's plans include the creation of a nationwide network of Business Innovation Centres (the first to open in Auckland next year). Modelled on internationally successful examples in the USA, Europe and Asia the Innovation Centres will assist an entrepreneur to turn an idea into a listed company on the stock exchange. The announcement of funding of up to $7.8 million for an Incubator Programme was welcomed by NZInC who hopes this will speed up the acceptance of such initiatives around New Zealand.

NZInC was also instrumental in the establishment of the Stock Exchange for Small Business. Late last year it was responsible for the Government sponsored investigation of the Swedish Innovation Market(IM) which the new capital market initiatives appear to emulate. "However the success of this hinges on having a business development component which ensures the quality of the ventures in which the public will invest", says NZInC Trustee and Venture Capital Market expert, John Blackham.

"Investors for the first time will have the opportunity to back New Zealand's own fledgling companies on the Stock Exchange For Small Business and reap the benefits," says Vivienne Feijen. "If we had embarked along this track several years ago the likes of Steve Outtrim's Sausage Software could well be contributing to our economy, instead of Australia's."

Government funded research and development has long been an issue for the high tech industry. "The Government is already spending $600million a year on the funding of Research and Development", says Vivienne Feijen. "We hope today's announcements will see the opening up of this fund to a greater diversity of industries and entrepreneurial projects, concentrating on those giving the greatest return to the New Zealand taxpayer."

"To the average New Zealander the Bright Future strategy provides the opportunity for us to build a real future for our children. The development of a thriving technology based industry in New Zealand will result in the creation of a large number of highly paid, globally sought after jobs and a huge injection of capital into the economy from both within and outside New Zealand," she says.

NZInC is in the process of inviting industry and community leaders to establish a collaboration strategy aimed at the practical application of these ideas. "As a group we have a history of successfully turning our ideas into a reality and this is no exception", says Vivienne Feijen. "We have all struggled to establish our own businesses in the current environment and know there is a better way for New Zealand to develop in the future. We have shared the vision, now we have to make it happen."

ENDS....

© Scoop Media

 
 
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

 

Ruataniwha: DOC, Hawke's Bay Council Developer Take Supreme Court Appeal

The Department of Conservation and Hawke's Bay Regional Investment Company (HBRIC) are appealing to the Supreme Court over a conservation land swap which the Court of Appeal halted. More>>

ALSO:

With NZ's Marama Davidson: Women’s Flotilla Leaves Sicily – Heading For Gaza

Women representing 13 countries spanning five continents began their journey yesterday on Zaytouna-Oliva to the shores of Gaza, which has been under blockade since 2007. On board are a Nobel Peace Laureate, three parliamentarians, a decorated US diplomat, journalists, an Olympic athlete, and a physician. A list of the women with their background can be found here. More>>

Gordon Campbell: On The Key Style Of Crisis Management

At Monday’s post Cabinet press conference Key was in his finest wide- eyed “Problem? What problem?” mode. No, there wasn’t really a problem that top MPI officials had been at odds with each other over the meaning of the fisheries policy and how that policy should be pursued... More>>

ALSO:

Mt Roskill: Greens Will Not Stand In Likely Post-Goff By-Election

“The Green Party’s priority is changing the Government in 2017, and as part of that we’ve decided that we won’t stand a candidate in the probable Mt Roskill by-election... This decision shows the Memorandum of Understanding between Labour and the Green Party is working." More>>

ALSO:

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:

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
 
Politics
Search Scoop  
 
 
Powered by Vodafone
NZ independent news