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Are there some new products in the business R&D pipeline?
Are there some new products in the pipeline as business manufacturing increases its R&D spend?
By Peter Kerr for sticK
(sticK - 29 March 2011 ) Considering that the time period for the R&D survey mostly coincides with the global financial crisis, you'd have to be pretty pleased with the nation's 13% increase between 2008 and 2010.
During the 2010 reference year, Stats NZ reckons the total R&D spend was $2,444 million. The split between sectors was business at $1,013m, government $629m and universities (though why this doesn't come under government is slightly strange) $802m.
The original statistics are here.
Services, particularly computer and other, lifted R&D by 18% to $481 in the 2010, reflecting some of the strong below the headlines work that happens in this area. It would be interesting to know the strength from Wellington's ICT sector in this increase.
For sticK – science, technology, innovation & commercialisation KNOWLEDGE - is a new Wellington based news service concentrating on following the money from ideas to income. Contact editor Peter Kerr at peter.kerr055 @ gmail.com
Peter Kerr
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