Here's one way to make New Zealand a visibly 'smarter' place
By Peter Kerr for sticK
(sticK - 16 Feb. 2011 ) Over the past decade the number of R&D staff transferring into New Zealand's private sector has reduced according to IPENZ.
There has been a corresponding reduction in upskilling says the Institution of Professional Engineers NZ, and the low absorptive capacity of the private sector to R&D and other new technologies remains a major issue.
IPENZ recently launched its document and thought piece, 'Catalysing economic growth - boosting innovation expertise in the private sector'.
One of the reasons for this it says is that until very recently, the criteria for obtaining and retaining public research investment in the CRIs and universities has led them to operate very strong retention policies. The same bodies are also rewarded for a track record of scholarly publications more than commercial outcomes.
For sticK – science, technology, innovation & commercialisation KNOWLEDGE - is a new Wellington based news service concentrating on following the money from ideas to income. Contact editor Peter Kerr at peter.kerr055 @ gmail.com