New Zealand’s prime minister has said that industrial R&D will receive an additional NZ$80 million (US$61m) in the country’s budget announcement next month.
In a pre-budget speech delivered on 14 April, prime minister John Key said the money would be added to the government’s business R&D fund, Callaghan Innovation, over the next four years.
This is equivalent to a 14 per cent annual increase, the government said. Spending had previously been set at NZ$566m for industrial R&D between 2013 and 2017.
This article is only available to Research Professional News subscribers or Pivot-RP users.
If you are a Research Professional News subscriber you can log in and view the article via this link
Pivot-RP users can log in and view the article via this link.