NZ firms innovate more with R&D grants but overall innovation commercialisation is down, report shows

Sun, 28 Jun 2015

By Fiona Rotherham June 26 (BusinessDesk) - Research out today shows that while getting a government research and development grant almost doubles the likelihood a company will introduce a world-first innovation, there’s also evidence Kiwi firms are not good at commercialising their clever ideas. The government’s Business Growth Agenda targets increasing business expenditure on R&D, which is low by OECD standards, to 1 percent of gross domestic product by 2018. The ultimate goal is to lift New Zealand's woeful productivity record and for...

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