9 Dec 2009

NZ companies seen as failing to fulfil their potential

7:19 am on 9 December 2009

New Zealand companies are failing to fulfil their potential when it comes to commercialising innovation.

The New Zealand Institute has issued a discussion paper on how the commercialisation of science and technologies is a key driver of productivity and wealth.

Institute director Rick Boven says the first report published by the 2025 Taskforce last week overlooks opportunities that could help improve New Zealand's productivity in this area.

Dr Boven also says encouraging New Zealanders to invest in local companies, will help drive productivity.

He says there is a shortage of capital in this country, which means funds have to be sought overseas when companies seek to grow.