Latest budget boost doesn't hide necessity for more productivity and innovation.
After a lacklustre six months since re-election, Prime Minister John Key today used his set-piece pre-budget speech to signal a pick up in the government's momentum.
"Smart, innovative exporters are the key to a prosperous future for New Zealand," John Key told a Business New Zealand lunch event in Wellington.
Grant Robertson is critical of the government's new R&D policy that allows start-ups to cash in 28 percent of tax losses for income received from the start of the 2015 financial year.
Callaghan Innovation chief executive Mary Quin said the inaugural C-Prize is aimed at boosting New Zealand's position at the forefront of UAV technology and helping keep the country's screen industry competitive.
The bigger issue is the actual lack of R&D and innovation activity in New Zealand businesses and our lack of presence on the world’s business stage.