A high-powered panel says we need to change our Kiwi mindset and put ideas to the market test sooner rather than keep pouring money into doomed projects.
New Zealand needs to stop hero-worshipping the Kiwi battler and start encouraging "fast failure" so that only the best ideas survive.
This is one of the key recommendations of a group that's emerged from last year's Entrepreneurial Summit.
The high-powered panel, including former 3M boss Maurice Boland and New Zealand Venture Investment Fund chief executive Franceska Banga, has presented a white paper to R&D Minister Wayne Mapp.
It is one of the more solid initiatives to come out of last winter's summit, at which 100 entrepreneurs gathered at Ellerslie Convention Centre to brainstorm five top ideas for propelling New Zealand up the OECD rankings.
To read the full, original article click on this link: Fast failure better than fruitless battle - Business - NZ Herald News
Author: Maria Slade
