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

 

Investing in innovation will benefit New Zealand

9 November 2000

Investing in innovation will benefit New Zealand

Investments made by the Foundation for Research, Science and Technology are currently being reviewed to ensure New Zealand taxpayers get maximum benefit from the country's innovation system.

At a seminar in Wellington today, the Foundation met with nearly 250 business leaders, scientists and academics to inform them of its changing research priorities.

"Our priority is to invest in RS&T which improves wealth and well-being for all New Zealanders," said the Foundation's Chairman, Neil Richardson.

"We are reviewing our investments, in partnership with research and industry groups and government, to ensure we focus on research which, in economic, social, environmental and Maori areas, adds greatest value. That value can be at any point in the value chain.

"We are also balancing our economic and public good science investments," Mr Richardson said.

The Hon Pete Hodgson, Minister for Research, Science and Technology said that while the Government increased science spending by 10 per cent in the last budget, it is not the quantum of money that matters as much as how well it's spent.

"How do we use this money to improve our innovation system? How do we increase the level of spending in the private sector, and how do we achieve more high tech exports, across all sectors, but particularly among small business enterprises?" Mr Hodgson asked.

"At the same time, how do we maintain excellence in our environmental and social research because it is this research which underpins our society?"

The seminar today, the first of six around the country, highlighted the need for greater collaboration between businesses, researchers and academics.

The Foundation has taken on a number of new investment funds in the last 12 months including the New Economy Research Fund and the Grants for Private Sector Research and Development. It also administers the successful Technology New Zealand Scheme and a host of Fellowships and Scholarships.

For further information:

Patricia Donovan, Foundation for Research, Science and Technology Tel 04 9177809,
Neil Richardson, Foundation for Research, Science and Technology
The seminar today is at the Duxton Hotel, from 3.30 pm to 5.00 pm

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 


Westpac NZ: Warns About Sophisticated New Scam
Westpac NZ is warning New Zealanders about a sophisticated new scam that involves a fake Westpac investment prospectus.
The prospectus is formatted to resemble a Westpac document and includes professional-looking imagery... More>>



Campaign For NZ Coastal Tankers : Says Fuel Security At Risk

Three unions representing New Zealand shipping crews are mounting a united campaign to protect New Zealand’s fuel security and save New Zealand coastal tankers... More>>



Tourism: Travel Bubble With Cook Islands Resumes

Cook Islands tourism restarts today, ending a five-month border closure due to COVID-19. Graeme West, General Manager Australasia for Cook Islands Tourism Corporation, said today’s first flight of quarantine-free travel from New Zealand to the Cook Islands is very significant... More>>


Insurance Council of New Zealand: September South Island Windstorm Cost $36.5 M Raises 2021 Extreme Weather Claims Total To $321.6 M

Gale force winds and storms between 9 and 13 September 2021 resulted in insurers supporting communities to the tune of $36.5 m. This is a significant rise, of $16.7 m, on preliminary figures for the event and lifts the end of year total for all extreme weather events in 2021 to $321.6 m... More>>


Statistics: Building Consents Hit New Highs In November
There were a record 48,522 new homes consented in the year ended November 2021, Stats NZ said today. This was up 26 percent compared with the year ended November 2020... More>>

Fonterra: Revises Milk Collection Forecast
Fonterra Co-operative Group Limited today revised the forecast for its 2021/22 New Zealand milk collections to 1,500 million kilograms of milk solids (kgMS), down from its opening forecast of 1,525 million kgMS... More>>