NZ business R&D spending increased last year, but costs, lack of resources seen as impediments

Wed, 06 Apr 2016

By Jonathan Underhill April 6 (BusinessDesk) - New Zealand businesses increased their spending on research and development in 2015, although the actual percentage of firms carrying out R&D remained small while cost and lack of management resource remained as barriers to innovation, a new survey shows. The BusinessOperations Survey: 2015 shows total R&D spending rose by about $200 million from 2014 to $1.4 billion, with the service sector outpacing manufacturing by $562 million to $494 million. Those two sectors accounted for 75 percent of...

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