This week in World in brief: New Zealand call to double industry R&D spend; Brazil spends €250m on IT innovation; Cuts threaten Canada’s science facilities; Caribbean energy innovation contest; Indian biotech centre plans approved; Government re-opens Sri Lanka’s universities.
New Zealand call to double industry R&D spend
Businesses in New Zealand must double their spending on R&D to 1 per cent of GDP, according to a report published on 21 August. Figures published in the government’s Building Innovation progress report show that businesses spent the equivalent of 0.54 per cent of GDP on R&D in 2010. The OECD average for the same year was 1.62 per cent. According to the report the percentage of businesses that innovate has stagnated at 46 per cent.
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