Video | Business Headlines | Internet | Science | Scientific Ethics | Technology | Search


Concern at ICT investment decline

Concern at ICT investment decline

Concern at the continued reduction in investment by multi-national ICT companies in the domestic market was expressed by the outgoing President of the Information Technology Association of New Zealand (ITANZ), Mr Nick Lambert, in his annual report.

“There is no shortage of local software and systems developers with world-class innovative solutions, but without the partnership opportunities offered by multi-nationals, many of these opportunities will never make it through development to distribution.

“Multi-nationals need to be encouraged to invest more in R&D in the domestic ICT market. However, global companies will inevitably hold back from further commitment, especially during times of recession, unless given more incentive than simply ‘access’ to a market that is tiny by their standards. There is no such thing as an even playing field.

“A healthy mix of local innovators and multi-nationals is needed to promote growth. This trend, if it continues, will be harmful in the long term.”

Mr Lambert said that on a more positive note the Government’s recent endorsement of many of the suggestions from the ICT Taskforce Report would seem to indicate a growing recognition that ICT is a key driver of New Zealand’s prosperity.

“However, I am uneasy that the necessary changes in the regulatory environment have been slow to materialise, jeopardising our ability to reach the ambitious targets set before us. We cannot underestimate the significant challenge that lies ahead if we are to achieve the ambitious growth targets outlined by the task force.”

© Scoop Media

Business Headlines | Sci-Tech Headlines


Onetai Station: Overseas Investment Office Puts Ceol & Muir On Notice

The Overseas Investment Office (OIO) has issued a formal warning to Ceol & Muir and its owners, Argentinian brothers Rafael and Federico Grozovsky, for failing to provide complete and accurate information when they applied to buy Onetai Station in 2013. More>>


Tomorrow, The UN: Feds President Takes Reins At World Farming Body

Federated Farmers president Dr William Rolleston has been appointed acting president of the World Farmers’ Organisation (WFO) at a meeting in Geneva overnight. More>>


I Sing The Highway Electric: Charge Net NZ To Connect New Zealand

BMW is turning Middle Earth electric after today announcing a substantial contribution to the charging network Charge Net NZ. This landmark partnership will enable Kiwis to drive their electric vehicles (EVs) right across New Zealand through the installation of a fast charging highway stretching from Kaitaia to Invercargill. More>>


Watch This Space: Mahia Rocket Lab Launch Site Officially Opened

Economic Development Minster Steven Joyce today opened New Zealand’s first orbital launch site, Rocket Lab Launch Complex 1, on the Mahia Peninsula on the North Island’s east coast. More>>


Marketing Rocks!
Ig Nobel Award Winners Assess The Personality Of Rocks

A Massey University marketing lecturer has received the 2016 Ig Nobel Prize for economics for a research project that asked university students to describe the “brand personalities” of three rocks. More>>


Nurofen Promotion: Reckitt Benckiser To Plead Guilty To Misleading Ads

Reckitt Benckiser (New Zealand) intends to plead guilty to charges of misleading consumers over the way it promoted a range of Nurofen products, the Commerce Commission says. More>>


Get More From Scoop

Search Scoop  
Powered by Vodafone
NZ independent news