Economic Development Minister Simon Bridges and Science and Innovation Minister Paul Goldsmith today launched a new edition of an investment guide into New Zealand’s fast growing technology sector.
The Investor Guide to the New Zealand Technology Sector showcases the breadth and variety of technology companies in New Zealand.
“The tech sector is New Zealand’s third largest exporting sector, contributing $16 billion to GDP and it is growing fast,” says Mr Bridges. “It presents multiple opportunities for New Zealand and international investors.
“New Zealand technology is gaining recognition internationally along with our innovative and can-do culture, and the fact that we are ranked first in the world for ease of doing business by the World Bank Group is a huge drawcard for investors.”
“High profile successes like Vend, Xero, Fisher and Paykel Healthcare and Vista Group are leading the way. But, a growing number of early stage companies like Soul Machines and 8i, are attracting significant international attention for their cutting edge technologies in artificial intelligence and virtual reality.
“One of the top priorities of the Government’s Business Growth Agenda is to ensure that these businesses are supported and enabled to grow and compete with the world’s leading technology innovators.” says Mr Bridges.
The Government is also planning to meet the needs of this growing sector through investment in innovation, and building the skills needed in the sector.
“The Government is working hard to develop New Zealand as a hub for high-value, research and development intensive businesses,” says Mr Goldsmith.
“The recent 29% increase in businesses investment in research and development reported by Statistics New Zealand is largely driven by technology businesses, and shows that our efforts are delivering results”.
“To support this growth we’re developing pathways for young New Zealanders to enter the tech sector. This includes the TechHub in Schools, and FutureInTech initiatives which aim to engage young people and get them interested in a career in tech,” says Mr Goldsmith.
“Alongside these skills and employment initiatives the Digital Technology Skills Forum, is bringing together industry associations with government agencies to identify opportunities to develop the skills that the sector will need in order to continue its rapid growth,” says Mr Bridges. “It’s a sign of a sector that is in good health, and planning to meet its future needs.”
The Investor Guide is produced by the Technology Investment Network (TIN) in collaboration with the Ministry of Business Innovation and Employment (MBIE). It is freely available online.
A copy of the guide is available at http://www.mbie.govt.nz/about/whats-happening/news/2016/new-guide-to-drive-investment-in-tech-sector.
Transport Minister Simon Bridges has announced today Paula Rose’s appointment as a Commissioner for the Transport Accident Investigation Commission (TAIC).
“Formerly a senior police officer, Ms Rose brings in-depth investigative skills to TAIC.
“This appointment will ensure TAIC’s board continues to have the mix of skills and experience it needs,” Mr Bridges says.
Ms Rose has been appointed until June 2018.
The Governor-General appoints Commissioners to the Transport Accident Investigation Commission (TAIC) on recommendation of the Minister of Transport.
The role of the Transport Accident Investigation Commission is to determine the circumstances and causes of accidents, to help avoid similar occurrences in the future.
Note to editors
As a professional director, Ms Rose brings a strong background in governance and senior management, with knowledge of safety and systems thinking, operating in regulatory environments, investigation, and risk and performance management. She had a long career in policing, including being a member of the National Road Safety Management Group. Ms Rose was an independent reviewer for the Independent Police Conduct Authority. In the 2013 New Year Royal Honours, Ms Rose was awarded Companion of the Queens Service Order (QSO) for contribution to policing and the community.
Communications Minister Simon Bridges has acknowledged the start of Techweek’17, a nationwide event that will showcase New Zealand-grown technology and innovation to the world.
The annual events kicks off tomorrow and runs to 14 May. It will see more than 150 events held across New Zealand, with a theme of ‘local answers to global questions’.
“Techweek’17 aims to showcase New Zealand as a high-tech nation, inspire youth to get into tech, and encourage business uptake of ICT through events across the country,” Mr Bridges says.
A key part of the Government’s Building a Digital Nation work programme involves supporting events such as Techweek’17.
“New Zealand’s digital technology sector is growing fast, with ICT service and software exports doubling between 2008 and 2014, making ICT our third largest export,” Mr Bridges says.
“We want to continue to build on this and create a leading digital nation – a nation with a thriving digital sector, where our businesses, people and government are all using digital technology to drive innovation and improve productivity.
“The Government recognises we have a key role to play in ensuring that New Zealand can take advantage of these opportunities, by supporting digital innovation, keeping up to date with new technologies and investing in connectivity.
“Techweek’17 provides an opportunity to celebrate New Zealand’s technology and innovation offering, and its contribution towards building a productive and competitive economy,” Mr Bridges says.
Visit www.techweek.co.nz for the full programme of events and further information.
Economic Development Minister Simon Bridges and Sport and Recreation Minister Jonathan Coleman congratulate organisers and participants on the outstanding success of the World Masters Games 2017 as the games draw to a close at a ceremony in Auckland today.
“The World Masters Games is the largest major event that New Zealand has hosted since the Rugby World Cup 2011,” says Mr Bridges.
“Hosting major events in New Zealand provides a welcome boost to our economy. With the majority of the events based in Auckland, it is estimated that the games have contributed 244,000 visitor nights and added $30.8 million to Auckland’s GDP.
“Further to this it is estimated that the games have contributed $53 million to GDP and a 266,000 visitor nights to the wider New Zealand economy.
“Under the Major Events Development Fund, the Government has invested $11 million into the event, making it the largest investment from the fund to date. Auckland Tourism Events and Economic Development (ATEED) must also be acknowledged for their significant $11.75 million commitment.”
“Held every four years, the World Masters Games is the world’s largest multi-sport event, and this year attracted almost 25,000 athletes aged between 25 and 101 years of age, from over 100 countries across 28 sports,” says Dr Coleman
“Major events are a great way to showcase New Zealand to the rest of the world, many of the participants have extended their stay to sample our kiwi hospitality and iconic sights.
“This event shows that it is never too late to be a competitive athlete. The participants have made a significant contribution towards the Games ‘sport for all’ philosophy.”
Dr Coleman said at the closing ceremony today that the ninth World Masters Games has been without a doubt a massive celebration in active participation and sportsmanship.
Minister for Economic Development Simon Bridges has announced that the Business Recovery Grants programme for quake-affected businesses will be launched on 1 May.
The new one-million dollar grant programme will be available to eligible business in Kaikōura, Hurunui and Marlborough.
“It’s been six-months since the devastating earthquake hit Marlborough and North Canterbury. Some areas have returned to relative normality, but for others it’s going to take time to repair roads to bring back traffic, and customers,” Mr Bridges says.
“Businesses throughout the area have made good use of the Government’s Earthquake Support Subsidy, with more than $17 million dollars distributed to businesses. However, with fewer businesses accessing the support, it’s time to move to the next stage.
“The new Business Recovery Grants Programme is intended to support local businesses until State Highway One reopens,” Mr Bridges says.
To be eligible for the grant the business:must be located along SH1 from Seddon to Cheviot, on SH70 between Lyford and Culverden, and in the Kaikōura District has suffered a significant income drop caused by the 14 November 2016 earthquakes was viable before the earthquakes and has the potential to successfully recover has no other efficient options available, including insurance must provide a significant source of income to the business owner must pay staff at least minimum wage is not a charity, property developer or investor.
Grants assessors have been appointed to review applications and make recommendations to the independent three-member panel.
The Panel will be made up of former member of the Canterbury Earthquake Recovery Advisory Board Peter Townsend, Chief Executive of the Rātā Foundation Louise Edwards and Chancellor of Canterbury University John Wood.
“The Government is committed to helping businesses get back on their feet and to rebuilding the local economy. The Earthquake Support Subsidy has helped many businesses in the six months following the earthquake, and I’m confident this programme will help more businesses to get through this tough time,” says Mr Bridges.
Businesses interested in applying for the Grant can go to their local Council website to find out more.
Economic Development and Transport Minister Simon Bridges today released a Government commissioned report that assesses the economic impact of the 2016 Kaikoura earthquake.
The report details the impact on small businesses and tourism caused by disruptions to transport infrastructure and the economic impacts.
“The quake has had a significant effect on people’s lives and businesses which the Government is strongly focused on supporting. As well as the Kaikōura economy, the report shows the national economy has also felt the impact,” Mr Bridges says.
The impact on New Zealand’s Gross Domestic Product (GDP) over the first 18 months following the earthquake has been estimated at $450-$500 million.
The estimated reduction is made up of $110-$130 million (25 per cent of the total impact) in Canterbury and $340-$370 million (75 per cent of the impact) across the rest of New Zealand.
“Increased freight transport costs and impacts on businesses from infrastructure damage and transport disruptions are the two key contributing factors,” Mr Bridges says.
“The Government has committed significant resources to getting businesses in the most affected communities back on their feet and repairing or replacing infrastructure,” Mr Bridges says.
The response to date has included:Getting work underway to fully reinstate the State Highway 1 coastal route Upgrading the alternate State Highway route between Picton and Christchurch A range of business support packages, and support for the tourism industry and the primary sector A grant to help with the restoration of Kaikoura Harbour; and Temporary accommodation and housing support for residents, including farmers.
“The Government is focused on providing a coordinated and rapid response and ensuring it is targeted to where it will be most effective and best placed to return affected areas to pre-quake levels,” Mr Bridges says.
The report was commissioned by the Ministry of Business, Innovation and Employment and the Ministry of Transport. They will continue to work with the Earthquake Commission and the New Zealand Transport Agency to monitor key information relating to flows of people, tourists, and freight.
Communications Minister Simon Bridges today announced a number of appointments to the Television New Zealand Ltd (TVNZ) board.
Dame Therese Walsh has been appointed as the new Chair. Dame Therese has been Deputy Chair since 2015 and a Director since 2012. She replaces outgoing Chair Joan Withers who has served on the TVNZ Board since 2009.
“Dame Therese is a highly experienced professional director who sits on a number of public companies including ASB Bank, Air New Zealand and NZX. Dame Therese will bring continuity and strong commercial judgement to the role,” Mr Bridges says.
Andy Coupe has been appointed to the Board as Deputy Chair.
“Mr Coupe is currently Chair of Solid Energy and sits on a number of private and public companies. He will bring a wealth of commercial and financial expertise to the Board as well as significant governance experience,” Mr Bridges says.
Julia Raue, the previous Chief Information Officer of Air New Zealand and now professional director, has been reappointed as a Director for a further term.
Cameron Harland, Chief Executive of Park Road Post Production and Camperdown Properties, is to be appointed as a Director. He has recently completed a six year term on the Film Commission and is currently a director of Weta Workshop, Phoenix Football Club and the Chair of the NZ Story Advisory Board.
“Mr Harland’s extensive commercial and creative industry experience will be of benefit to TVNZ,” Mr Bridges says.
Mr Harland will replace Barrie Saunders who is retiring.
“I would like to take this opportunity to thank Barrie Saunders, and in particular Joan Withers, for their service to the TVNZ Board. Joan’s deep industry knowledge alongside her substantial governance expertise has been significant to TVNZ’s success”, Mr Bridges says.
Minister of Transport Simon Bridges announced today that Budget 2017 will provide up to $812 million for reinstating State Highway 1 between Picton and Christchurch.
“The Government’s priority is to restore the pre-earthquake transport links to Kaikoura and its surrounding communities, and ensure these vital links are resilient for the long term,” Mr Bridges says.
“To make sure this work continues at pace, Budget 2017 will provide up to $812 million to reinstate State Highway 1 between Picton and Christchurch.
“The corridor is planned to reopen before the end of 2017 with funding to be provided over the 2017/18 and 2018/19 financial years for work to continue after the route reopens.
“The Budget will also make funding available for KiwiRail to continue reinstatement work, while its insurance claim is finalised.
“The total cost of reinstating the road and rail corridors is now estimated to be between $1.1 and $1.33 billion. This is still a very large amount, and reflects there are a number of uncertainties when dealing with damage and destruction of this scale.
“More than $45 million of work has already been completed since last November’s earthquake, including clearing slips and obstructions, undertaking geotechnical assessments, and reinstating rail track.
“The New Zealand Transport Agency is considering additional improvements to improve the coastal corridor, which could see a further investment of up to $240 million from the National Land Transport Fund.
“The Government continues to stand with those affected by the November earthquake, and this funding demonstrates our commitment to getting these communities moving again,” Mr Bridges says.
Transport Minister Simon Bridges has today announced appointments and reappointments to the Boards of Maritime New Zealand (MNZ), the New Zealand Transport Agency (NZTA) and the Civil Aviation Authority (CAA).
Mr Bridges has reappointed Peter Cowper to the Board of MNZ. He has been a member since May 2011.
“Mr Cowper’s reappointment will provide Board continuity, as he continues to contribute his extensive commercial and leadership skills,” Mr Bridges says.
MNZ is a Crown entity whose primary function is to ensure the safety, security and environmental protection of New Zealand’s coastal and inland waterways. Its Board has five members.
Mr Bridges has also appointed two new members to the Board of the NZTA - former Mayor of Queenstown, Vanessa van Uden and professional director Mark Darrow.
“Ms van Uden brings a new perspective, along with her local government experience.
“Mr Darrow has wide-ranging governance experience, and Chairs the Audit and Risk Committee for the Counties Manukau District Health Board. His appointment brings extensive transport knowledge and an injection of fresh energy to the NZTA’s Board,” Mr Bridges says.
In addition, Mr Bridges has reappointed Adrienne Young-Cooper who has been a member of the NZTA Board since August 2011, and is a member of its Investment and Operations Committee. Ms Young-Cooper’s reappointment provides continuity, as well as strong governance.
NZTA is a Crown entity whose primary role is to contribute to an effective, efficient, and safe land transport system in the public interest. Its Board has eight members.
Mr Bridges has appointed experienced lawyer, Anna Adams and reappointed Grant Lilly, to the Board of the CAA.
“Ms Adams brings experience in public law and regulatory systems. She is also the Board Chair of law firm, Meredith Connell. Her appointment will provide a new perspective for the CAA,” Mr Bridges says.
Mr Lilly has a strong aviation background after 40 years’ experience in the aviation sector. His reappointment will provide continuity to the Board. He has been on the CAA Board since 2011.
The CAA is a Crown entity whose primary function is to regulate and promote an integrated, safe, responsive and sustainable civil aviation system. The CAA Board has five members.
Economic Development Minister Simon Bridges and Trade Minister Todd McClay have announced that New Zealand will participate in World Expo 2020, to be held in Dubai, United Arab Emirates.
The announcement was made during Mr Bridges’ visit to Dubai.
“Through Budget 2017, the Government is committing $53.3 million to construct a New Zealand Pavilion that will allow Kiwi businesses to highlight their innovative products and services and open doors to new export markets,” says Mr Bridges.
“Showcasing New Zealand to the world is a crucial part of boosting economic growth. Expo 2020 will provide a springboard to promote us as an innovative, solution-focused economy to the 25 million visitors expected to attend from across Europe, the Middle East, North Africa and Asia.
“It will also allow us to build on our strong economic and transport links to the UAE which acts as a global air and sea logistics hub, providing access for New Zealand exporters to a much wider region. We’re already well connected with five direct daily Emirates flights, contributing $700 million to the economy,” says Mr Bridges.
“It makes clear economic sense for New Zealand to participate in this global event,” says Mr Bridges.
The Expo will take place from October 2020 to April 2021 with Mr McClay saying it will attract high-value visitors from all corners of the world.
“Expo 2020 is a vital opportunity to increase New Zealand’s profile amongst new trading partners as well as grow our trade with existing partners,” says Mr McClay.
We have a strong trade and economic relationship with the UAE and $3.8 billion of two-way trade with the wider Gulf Cooperation Council (GCC),” says Mr McClay.
“The Gulf States also importantly provide an entry point into the wider region for many New Zealand companies and a base from which to better access the wider Middle East and beyond,” says Mr McClay.
New Zealand is close to completing a free trade agreement with the GCC, which comprises of Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the UAE.
The UAE alone is New Zealand’s twelfth largest trading partner, with annual two-way trade exceeding $1.9 billion in 2016.
About Expo 2020
Expo 2020 has the theme of Connecting Minds, Creating the Future. The Expo site will be around 2sq/km in size and will contain three thematic areas: opportunity, sustainability and mobility.
These three pavilions will showcase ideas and innovations, and countries that attend will have their specific pavilions spread around the thematic areas. New Zealand has been invited to participate in the sustainability precinct.
The organisers expect around 180 nations to participate. New Zealand is among the first 20 to formally confirm attendance.
More information on the Expo see http://expo2020dubai.ae
New Zealand Pavilion
The Government is about to launch an RFP process within the creative sector of New Zealand to select the best team and ideas for the design and content.