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| Media Release Industry in NZ lacks capability to take-up R&D opportunities The New Zealand pool of New Zealanders with the skills and expertise to utilise innovation in industries is too small, and therefore under-utilised, says a review published by the Institution of Professional Engineers, New Zealand (IPENZ). This lack of R&D understanding capability within industry is one of the fundamental problems preventing New Zealand’s return to the top ten of the OECD. The publication entitled: “A Review of National Policies for Fostering
Research, Development, Innovation and Entrepreneurship in New Zealand”,
presented by Andrew Cleland, IPENZ Chief Executive, makes new suggestions
for fostering sustainable economic growth and improving the way in which
we create sustainable growth. “Industries do not have the skills to take–up innovation. We need to encourage strategic technology transfer partnerships between industry and the research sector to counter this problem,” said Dr Cleland. “Increasing personnel transfer between industry and the research
sector would achieve two things – improve the commercial benefits
for industry, and create opportunities for new talent to grow in our CRI’s
and universities, rather than leave New Zealand. “For example in the United States a PhD in engineering has an expectation
of moving into industry with his or her technology and then working up
through that industry to a senior management role. In comparison the job
prospects of PhD holders in NZ are modest – there is little movement
of researchers from CRI’s and universities to industry, so vacancies
are not created for others to commence or develop their careers. For further information see:
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