Menu
​ICT leads way in New Zealand R&D surge

​ICT leads way in New Zealand R&D surge

A Statistics NZ survey identifies a 30 per cent increase in research and development spending since 2014

Private sector investment is delivering increased R&D spending in New Zealand.

Private sector investment is delivering increased R&D spending in New Zealand.

Computer services and machinery manufacturing firms led the way in delivering an almost 30 per cent lift in business R&D spending between 2014 and 2016, Statistics NZ says.

The computer services sector had the biggest dollar-value increase, up by 40 per cent, or $125 million, to $436 million.

Computer services firms include New Zealand businesses providing services such as producing and distributing software and web design, Statistics NZ said.

Machinery and equipment manufacturers, spent 37 per cent or $105 million more to total $392 million in 2016.

These firms include high-tech manufacturing firms developing new products and services for sale in New Zealand or overseas.

Total spending on R&D by businesses, government, and higher education was $3.2 billion, up by 20 per cent or $531 million.

R&D in the higher education sector lifted and government R&D had a modest rise, but the bulk of the overall increase was from business spending.

Although the process can take years, R&D paves the way for new and better products or more efficient ways of doing things, Statistics NZ business performance senior manager Daria Kwon said.

“While higher R&D spending is a key driver of economic growth according to some studies, it is not a guarantee that a business will be more creative or profitable.”


Follow Us

Join the newsletter!

Or
Error: Please check your email address.

Tags innovationDevelopmentR&Dresearch and developmentengineering

Featured

Slideshows

Bumper channel crowd kicks off first After Hours of 2018

Bumper channel crowd kicks off first After Hours of 2018

After Hours made a welcome return to the channel social calendar with a bumper crowd of partners, distributors and vendors descending on The Jefferson in Auckland to kick-start 2018. Photos by Gino Demeer.

Bumper channel crowd kicks off first After Hours of 2018
Looking back at the top 15 M&A deals in NZ during 2017

Looking back at the top 15 M&A deals in NZ during 2017

In 2017, merger and acquisitions fever reached new heights in New Zealand, with a host of big name deals dominating the headlines. Reseller News recaps the most important transactions of the Kiwi channel during the past 12 months.

Looking back at the top 15 M&A deals in NZ during 2017
Kiwi channel closes 2017 with After Hours

Kiwi channel closes 2017 with After Hours

The channel in New Zealand came together to celebrate the close of 2017, as the final After Hours played out in front of a bumper Auckland crowd.

Kiwi channel closes 2017 with After Hours
Show Comments