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Advanced technology bill passes second reading

A bill to establish the business-focused Advanced Technology Institute passed its second reading in the New Zealand parliament on 8 November.

The purpose of the institute, announced in July, is to help hi-tech firms connect with innovation expertise and facilities across the country.

“[ATI] will focus on industries with high growth potential such as food and beverage manufacturing, agri-technologies, digital technologies, health technologies, therapeutics, and high-value wood products,” said science minister Steven Joyce.

The government has allocated AU$166 million over four years for the ATI, which aims to be operational by December.