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

 

Industry New Zealand gives funding boost


INDUSTRY NEW ZEALAND GIVES FUNDING BOOST TO CLUSTERS

Industry New Zealand is on the hunt for New Zealand’s most promising high growth clusters and is offering funding to support the cluster facilitators. Just over half a million dollars will be allocated to the top twenty clusters that make it through the assessment panel, with each cluster able to attract $28,000 to employ a facilitator.

Applications for the first round of cluster development funding close in mid-October, and successful applicants will be advised mid-November.

Workshops for cluster applicants are being held in Christchurch, Dunedin and Auckland in the next couple of weeks. Clusters are companies and related organisations working together to grow their businesses. They can include universities, polytechnics, expert advisers, and customers linked in a value-adding chain.

Three main types of clusters have been identified in New Zealand – regional clusters, commercial and national clusters.

While clusters have been tried in various forms in New Zealand since then, it is increasing global competition that has provided the right time for the cluster concept to work here, says Industry New Zealand cluster specialist Alan Koziarski.

“Companies need to specialise to become world-class which can mean moving to rationalise their product ranges when they are confident others in the cluster can pick up the gaps. Sources of competitive advantage can’t be developed within one firm.

“Clustering allows companies to cover all the bases collaboratively. It’s not easy and it takes time – but when you get a group of decision-makers in a room together, challenging each other, you can make things happen.”

Funding is very contestable and will be allocated to clusters that offer the greatest net benefits to New Zealand, said Mr Koziarski.

“We have also been reasonably prescriptive about the type of person experience has shown are ideal as cluster facilitators. They are a key element in the success of clusters,’ Mr Koziarski said.

Clustering is an important tool in economic development. For some regions, such as Wellington, it is the cornerstone of their economic strategy and at least 35 OECD countries have major cluster development programmes.

An econometric study in the US on 32 key export clusters by Professor Michael Porter and presented at the Knowledge Wave conference last year, found they had outperformed the US economy as a whole over the last 21 years.

“Professor Porter recommended that New Zealand needed to move away from networking to true cluster development and widen the base of meaningful clusters in the economy. He also advised that the government’s role is to facilitate cluster development and upgrading,” Mr Koziarksi said.

Industry New Zealand Southern General Manager Paul Claridge said that benefits for companies that cluster include giving clustered businesses access to more suppliers and customised support services, to experienced and skilled labour pools, and to the intangible, but invaluable transfer of knowledge that occurs when people casually meet and talk business.

“They gain critical mass in key areas and achieve results that would not be possiblele if they worked alone. They can focus on what they know and do best, and, by working together, to open markets, and reduce the costs of servicing those markets,” Mr Claridge said.

Industry New Zealand is assisting in the development of more than 20 clusters throughout New Zealand, from wood processing, niche manufacturing, biotech to ICT, tourism and marine construction. They’ve also commissioned a cluster builders manual, training for cluster facilitators and a cluster conference.

Workshops for cluster applicants are to be held:

Christchurch Monday September 30

Dunedin Tuesday October 1

Auckland Wednesday October 2

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

Auckland Transport: Successful Bridge Repair Opens Two Additional Lanes To Traffic

The opening of two additional lanes on the Auckland Harbour Bridge this morning will help relieve some motorway congestion for motorists heading home to the North Shore tonight. More>>

ALSO:

Statistics New Zealand: COVID-19 Sees Record 12.2 Percent Fall In New Zealand’s Economy

Gross domestic product (GDP) fell by 12.2 percent in the June 2020 quarter, the largest quarterly fall recorded since the current series began in 1987, as the COVID-19 restrictions in place through the quarter impacted economic activity, Stats NZ said ... More>>

ALSO:

Climate: Scientists Release ‘Blueprint’ To Save Critical Ecosystems And Stabilize The Earth’s Climate

A group of scientists and experts produced the first comprehensive global-scale analysis of terrestrial areas essential for biodiversity and climate resilience, totaling 50.4% of the Earth's land. The report was published in Science Advances ... More>>

ALSO:

MPI: Independent Review Launched Into Assurances For Safe Transport Of Livestock By Sea

The Ministry for Primary Industries (MPI) has launched an independent review of the assurances it receives for the safe transport of livestock by sea. MPI Director-General Ray Smith says Mike Heron QC has been appointed to lead the review, which is expected ... More>>

ALSO:


Computers: New Zealand PC Market Grows Nearly 40% Due To Work From Home Demand

COVID-19 had large impacts on demand for PCs as businesses prepared for lockdowns by purchasing notebooks to mobilise their workforce. In the second quarter of 2020, New Zealand's Traditional PC market experienced a 39.7% year-on-year (YoY) growth ... More>>

ALSO:


University Of Auckland: Whale-Watching By Satellite – Follow Their Travels Online

Scientists have successfully attached satellite tracking tags to six New Zealand southern right whales, or tohorā, and are inviting the public to follow the whales’ travels online. Part of a major research project involving the University of Auckland ... More>>

Commerce Commission: Kiwibank Admits System Failures And Agrees To Pay Customers $5.2 Million

Kiwibank has entered into a settlement agreement with the Commerce Commission after reporting that it failed to have in place robust home loan variation disclosure policies, procedures and systems. In a settlement dated 27 August 2020, Kiwibank admitted that ... More>>

Ministry of Health: Public Transport Distancing Requirements Relaxed

Physical distancing requirements on public transport have been reviewed by the Ministry of Health to determine whether they are still required at Alert Level 2 (or below). The Ministry’s assessment is that mandatory face covering and individuals tracking ... More>>

ALSO:

NZHIA: New Zealand Hemp Industry Set To Generate $2 Billion Per Annum And Create 20,000 Jobs

A new report says a fully enabled hemp industry could generate $2 billion in income for New Zealand by 2030, while also creating thousands of new jobs. Written by industry strategist Dr Nick Marsh, the report has prompted calls from the New Zealand Hemp ... More>>

ALSO:

Stats NZ: One In 14 Employed People Report High Risk Of Losing Jobs

About one in 14 workers say they expect to lose their job or business by mid-2021, Stats NZ said today. A survey of employed people in the June 2020 quarter showed 7 percent felt there was a high or almost certain chance of losing their job or business ... More>>

ASB Quarterly Economic Forecast: NZ Economy Doing Better Than Expected, But Challenges Remain

August lockdown estimated to have shaved 8% off NZ’s weekly GDP, and 0.5% off annual GDP Economy now expected to shrink 5% (year-on-year) by end of 2020 Unemployment rate now expected to peak at 7.2% The latest ASB Quarterly Economic Forecast is less ... More>>

ALSO: