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Key spch ParliamentIn his opening speech to Parliament, Prime Minister John Key has signaled increased spending for science and innovation as part of his overall plan to improve New Zealand’s economic health.

This spending will be strongly linked to industry engagement with public sector science, and will focus on targeted research and development rather than basic research.

An excerpt:

“The challenge for New Zealand is to get more of our firms using science, research and technology to deliver more valuable products and services, which in turn allows them to succeed in competitive export markets and to create new and better-paid jobs for New Zealanders.

“Science and innovation are therefore key elements of the Government’s economic agenda, both this year and into the future.

“Our objective is a high-performing public science system which supports economic growth, and a wider innovation system that encourages firms to increase their investment in, take-up, and application of research.

“…Science and innovation, and how they can underpin business opportunities, are so important for this Government that we have made this area a priority for new spending in this year’s Budget, with a focus on boosting business research and science capability.”

To read the full, original article click on this link: Science Media Centre » Blog Archive » Science and innovation ‘key elements of economic agenda’ – PM John Key

Author: Science Media Center