NZ businesses spend more on R&D but the number of companies doing so shows little change

Wed, 06 Apr 2016

By Fiona Rotherham April 7 (BusinessDesk) - New Zealand businesses spent more on research and development in 2015 but the number of firms doing so has been static for some years and R&D spend as a percentage of overall innovation actually fell, a new survey shows. The Business Operations Survey: 2015 shows total R&D spending rose by 15 per cent to $1.4 billion from 2014 and the “Innovation Rate” increased for the first time since 2009 to 49 per cent, up 3 percent. However the R&D spend within the total amount spent on product developm...

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