ARTICLE · 23 MAY 2013

$200 million increase for NZ science, innovation and research

James & Wells Intellectual Property

New Zealand's 2013 Budget includes a package of three internationally focused growth initiatives to lift kiwi exports.

New ZealandStrategy

Including $75.2 million for business R&D grants!

New Zealand's 2013 Budget announcement last week includes a package of three internationally focused growth initiatives (totalling $400 million) designed to lift kiwi exports to 40 percent of GDP by 2025:

Science and innovation - $200 million of new funding over the next four years for science, innovation and research including Business R&D grants, repayable grants for start-ups, National Science Challenges and the Marsden Fund.

Tourism - $158 million over four years to attract more visitors to New Zealand, particularly high-spending visitors. This includes $7 million over four years for Immigration to help boost tourist numbers by improving visitor facilitation.

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$200 million increase for NZ science, innovation and research

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