Selling-off ideas to Oz, our loss
Megan
WOODS
Associate Science and Innovation Spokesperson
28 August 2013 MEDIA STATEMENT
Selling-off ideas to Oz, our
loss
Reports that Callaghan Innovation is considering licencing the manufacturing rights of Kiwistar Optics to a company owned by the Australian Government is a huge blow for New Zealand’s struggling manufacturing sector, says Labour’s Associate Science & Innovation spokesperson Megan Woods.
“Selling-off our brightest ideas to Australia, despite significant taxpayer investment doesn’t make any sense.
“Callaghan Innovation recently dropped support for research-based astronomical optical equipment supplier Kiwistar Optics, in a narrowing of focus to support only market-ready projects.
“Steven Joyce may say Callaghan Innovation is ‘looking for a range of options’, but my understanding is that the company has been forced to sell or licence its intellectual property to the Australian Government Owned Astronomical Observatory despite having received $1.4 million in taxpayer money.
“This is no way to foster innovation. Kiwistar Optics has proven itself to be a highly valuable company for New Zealand based on great kiwi science.
“This isn’t just about poor
management of taxpayer money it’s about losing kiwi
intellectual property offshore.
Labour’s priority is
to ensure New Zealand’s future is built on a solid
foundation of high-value, high-skill investments.
“We need to support our high value manufacturers.
Investment in world class science such as this is vital. If
the Government is committed to backing New Zealand
innovation and our manufacturing sector, Callaghan
Innovation would be right in there backing Kiwistar
Optics.
ENDS