NZ govt science plan seeks to double private sector R&D by 2025

Mon, 05 Oct 2015

By Paul McBeth Oct. 5 (BusinessDesk) - The government is ready to spend more on direct research grants to businesses to meet an "aspirational" target of doubling private sector research and development spending over the next 10 years, despite feedback from the business community that it would rather get tax breaks. The 10-year national science plan was launched at the Royal Society of New Zealand in Wellington by Science and Innovation Minister Steven Joyce, who committed to raise government spending on R&D to 0.8 percent of gross domesti...

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