We need more bang from our science buck

Tuesday, 9 November 2010, 1:48 pm
Article: sticK

We need more bang from our science buck says Treasury

(sticK - Nov. 9 2010 )

We need to get much more fusion and synergy between our scientists and firms according to The Treasury.

There’s enough statistics to show that while our research output is pretty good by OECD standards, and the hours worked in NZ are already high.

Compared to Australia however, an hour worked in New Zealand produces about 30% less value-added than an hour worked across the ditch Treasury deputy secretary Struan Little recently told the NZ Association of Scientists.

Analysis by the OECD shows that between 25 – 45% of productivity gains come from innovation, “so it’s crucial that we deepen our understanding of how innovation happens and get much, much better at is so the economy can deliver the higher living standards we’re aiming for,” Little says.

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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

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