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

Sign up to gain exclusive access to email subscriptions, event invitations, competitions, giveaways, and much more.

Membership is free, and your security and privacy remain protected. View our privacy policy before signing up.

Error: Please check your email address.

Tags innovationDevelopmentR&Dresearch and developmentengineering

Featured

Slideshows

Malwarebytes shoots the breeze with channel, prospects

Malwarebytes shoots the breeze with channel, prospects

A Kumeu, Auckland, winery was the venue for a Malwarebytes event for partner and prospect MSPs - with some straight shooting on the side. The half-day getaway, which featured an archery competition, lunch and wine-tasting aimed at bringing Malwarebytes' local New Zealand and top and prospective MSP partners together to celebrate recent local successes, and discuss the current state of malware in New Zealand. This was also a unique opportunity for local MSPs to learn about how they can get the most out of Malwarebytes' MSP program and offering, as more Kiwi businesses are targeted by malware.

Malwarebytes shoots the breeze with channel, prospects
EDGE 2019: Channel forges new partnerships during evening networking

EDGE 2019: Channel forges new partnerships during evening networking

Partners, vendors and distributors reconnected during a number of social gatherings during EDGE 2019. The first evening saw the channel congregate for a welcome party at the Hamilton Island yacht club, while the main poolside proved to be the perfect stop for a barbecue on the final night.

EDGE 2019: Channel forges new partnerships during evening networking
Show Comments