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Innovation Policy in New Zealand


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A presentation on New Zealand's conducive business climate for innovation and startup companies

Published in: Business, Health & Medicine
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Innovation Policy in New Zealand

  1. 1. New Zealand and Innovation Recommendations to Prime Minister John Key
  2. 2. A Prime Place to Do Business <ul><li>World’s most liberalized economy and 2nd best for doing business according to the World Bank </li></ul><ul><li>One of the world’s most transparent and least corrupt institutional environments </li></ul><ul><li>3rd strongest property rights, world’s strongest investor protection environment </li></ul>
  3. 3. Main Challenges: Small and Isolated
  4. 4. Barriers to Innovation
  5. 5. Innovation Goals <ul><li>Enhance the innovation framework </li></ul><ul><li>Develop an educated, globally competitive workforce </li></ul><ul><li>Foster innovation through public-private partnerships </li></ul><ul><li>Focus initiatives in areas which can have maximum impact. </li></ul>
  6. 6. The Plan: Education + Incubation = Innovation <ul><li>1. Invest in education </li></ul><ul><ul><ul><li>Post-secondary and poly-technical programs </li></ul></ul></ul><ul><ul><ul><li>Enhance the pre-exisiting skilled workfrace </li></ul></ul></ul><ul><li>II. Create leadership and management institutes </li></ul><ul><ul><ul><li>Businesses lack the proper resources to devise innovation strategies </li></ul></ul></ul><ul><li>III. Host R&D symposiums sponsored by the government </li></ul><ul><ul><ul><li>Bring together industry leaders in multi-sector events </li></ul></ul></ul>
  7. 7. Education + Incubation = Innovation <ul><li>I. Establish a national institute for sustainable innovation </li></ul><ul><ul><ul><li>Not just for bio-tech and ICT </li></ul></ul></ul><ul><li>II. Provide resources for tier 2 and 3 industries </li></ul><ul><ul><ul><li>Expand innovation to hospitality, health and community services </li></ul></ul></ul><ul><ul><ul><li>Subsidize R&D and encourage sustainable practices </li></ul></ul></ul><ul><li>III. Develop policy and incentives to foster larger firms in concentrated city centers </li></ul><ul><li>IV. Expand exports – enter the global marketplace </li></ul>
  8. 8. Poised for Success