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


Industry NZ CEO Congratulates New Lab On Ambition

25 September 2002

Industry NZ CEO Congratulates New Lab On Ambition

“One of the most exciting aspects of the establishment of MediaLab South Pacific will be the extent of its reach into the regional and national business and research communities,” says Industry New Zealand Chief Executive Neil Mackay.

Commenting on today’s announcement of the commitment of $500,000 of government funding for the Wellington-based MediaLab, facilitated by Industry New Zealand, Mr Mackay said membership of MediaLab is a “who’s who of the Wellington region and national Information and Communications Technology, digital media and research communities”.

“That reach will also extend to international companies who will be attracted to New Zealand by the sheer excellence of MediaLab’s activities.”

The funding for MediaLab is from Industry New Zealand’s Strategic Investment Fund.

He said it was also great to see local government, through the Wellington Regional Economic Development Agency, taking a stake in the MediaLab.

“The depth of collaboration to get MediaLab started, and then to get projects underway, is shaping to be one of its great strengths.”

MediaLab is an innovation-focused research consortium where businesses, tertiary institutions and research providers collaborate on world-class projects in Information and Communications Technology and digital media. The aim is to turn ideas into commercial reality more quickly, more cost effectively and with the greatest chance of success.

“Growth arising from MediaLab’s activities will be exponential as they spread out through member companies, the Wellington region and the national economy,” Mr Mackay said.

Industry New Zealand has been assisting MediaLab with advice and funding since last year. It also provided a $50,000 feasibility study grant for MediaLab’s South Pacific’s founders to determine the viability of the project.



The Strategic Investment Fund is administered by Investment NZ – now part of Industry NZ. The fund supports significant investments in New Zealand that bring substantial economic benefits to New Zealand.

Criteria for support includes that the investment:

- Involve net new investment of at least $50 million over 5 years, and/or able to create 200 new jobs in 5 years

- Would not occur in New Zealand without support from the fund

- Complements New Zealand’s areas of competitive advantage

- Has no negative competitive consequences domestically and

- Would involve a high level of clear spill-over benefits.

The fund can provide financial assistance of up to $100,000 for feasibility studies of major projects and assurances of a minimum level of government assistance under a variety of programmes. Other projects that have received support from the fund include Ericsson Synergy Ltd and Jack Links New Zealand Ltd.

© Scoop Media

Business Headlines | Sci-Tech Headlines


Motor Industry Association: 2020 New Vehicle Registrations Suffer From Covid-19

Chief Executive David Crawford says that like some other sectors of the New Zealand economy, the new vehicle sector suffered from a case of Covid-19. Confirmed figures for December 2020 show registrations of 8,383 were 25% ... More>>

CTU 2021 Work Life Survey: COVID And Bullying Hit Workplaces Hard, Huge Support For Increased Sick Leave

New data from the CTU’s annual work life survey shows a snapshot of working people’s experiences and outlook heading out of 2020 and into the new year. Concerningly 42% of respondents cite workplace bullying as an issue in their workplace - a number ... More>>

Smelter: Tiwai Deal Gives Time For Managed Transition

Today’s deal between Meridian and Rio Tinto for the Tiwai smelter to remain open another four years provides time for a managed transition for Southland. “The deal provides welcome certainty to the Southland community by protecting jobs and incomes as the region plans for the future. The Government is committed to working on a managed transition with the local community,” Grant Robertson said. More>>


OECD: Area Employment Rate Rose By 1.9 Percentage Points In The Third Quarter Of 2020

OECD area employment rate rose by 1.9 percentage points in the third quarter of 2020, but remained 2.5 percentage points below its pre-pandemic level The OECD area [1] employment rate – the share of the working-age population with jobs – rose ... More>>

Economy: Strong Job Ad Performance In Quarter Four

SEEK Quarterly Employment Report data shows a positive q/q performance with a 19% national growth in jobs advertised during Q4 2020, which includes October, November and December. Comparing quarter 4, 2020, with the same quarter in 2019 shows that job ad volumes are 7% lower...More>>

NIWA: 2020 - NZ’s 7th-warmest Year On Record

The nationwide average temperature for 2020, calculated using stations in NIWA’s seven-station temperature series which began in 1909, was 13.24°C (0.63°C above the 1981–2010 annual average). New Zealand’s hottest year on record remains 2016, when... More>>

Quotable Value New Zealand: Property Market Set To Cool From Sizzling To Warm In 2021

Nostradamus himself could not have predicted the strange series of events that befell our world in 2020 – nor the wild trajectory of New Zealand’s property market, which has gone from “doom and gloom” to “boom and Zoom” in record time. Even ... More>>