Wayne Mapp,Minister of Science, Research and Technology, as well as an Associate Minister of Economic Development and Tertiary Education, spoke at a New Zealand Venture Capital Association and Angel Association gathering last week at NZX, discussing the importance of early-stage investment.
Key take aways:
Government priorities for $750m spent on science:
- Primary sector – but it’s hard to get high growth out of the agricultural sector
- CRI’s
- They need clearer missions
- CRI funding needs to be more sustainable
- The CRI’s should have a clearer sense of accountability to the sectors they serve
- Marsden fund – fundamental science
- Health Research Council
- TechNZ – $50m – there is a huge opportunity to upgrade the brand of TechNZ and to make it the principle vehicle of government funding of business in science
Read more over here.
