Powering Innovation Improving access to and uptake of R&D in the high value manufacturing and services sector Overview report prepared by panel members: Professor John Raine (Chair), Professor Mina Teicher, Philip O’Reilly An independent report commissioned by the Ministry of Science and Innovation ISBN: 978-0-478-06184-0 Date: June 2011 Published by the Ministry of Science and Innovation PO Box 5762, Wellington 6145, New Zealand. Tel 04 916 5881 Email
[email protected] Web www.msi.govt.nz Contents Overview 1 Recommendations 13 Appendix: Independent Panel Members 27 Overview The high value manufacturing and services sector is key to New Zealand’s economic future, but is currently under‐developed Rapid development of the high value manufacturing and services sector (HVMSS) has the potential to generate a step change in the economic growth and social wellbeing of New Zealand. The country already has examples of highly successful firms in this space and the number is growing. The traditional contribution of our food and fibre based sectors will remain critically important for our future, but international experience shows that growth of the HVMSS offers a pathway to higher productivity and a means to reverse our relative decline in living standards. This sector can also increase the diversity and overall value of our exports and contribute to the growth of new skills and capabilities nationally. However, there is evidence that the New Zealand HVMSS is under‐developed, and could contribute substantially more to the economy than it currently does, particularly through growth in high productivity advanced technology industries.