Thursday, July 01, 2010

Innovation flat in NZ - latest report...

New figures just released for NZ innovation, showing some interesting stuff. First, the headlines - Innovation resilient in face of global crisis - is an admission of failure: you need MORE innovation in a financial crisis.

Research I'm currently working on that looks at technology users as innovators confirms the difficulties for inventors in this country, lack of finance being the main obstacle (confirmed in the SNZ report). Within the results (Table 1) we see declining innovation activity over three financial years (2005, 2007, 2009)...less money = less innovation = less money = less innovation...

Our flagship sector (agriculture, fisheries and forestry) which between them contribute 5% of GDP with an innovation rate of 32%. I recall from somewhere our farming sector was ranked 15th or 16th in the world for innovation, a case of resting on our laurels (and indicative in the ongoing malaise of the meat and wool sectors).

Not good....

Gallagher's HQ, Hamilton. Started with Bill Gallagher, Waikato farmer and inventor of electric fencing, and an old horse that kept rubbing up against Bill's truck...

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