The New Zealand government is reallocating $122 million of its existing budget for science, innovation, and technology to enhance investment in emerging and advanced technologies, including quantum technology, robotics, and genomics.
Science Minister Shane Reti articulated that this strategic policy adjustment aims to position New Zealand at the forefront of niche sectors where it can achieve global competitiveness, akin to other small advanced economies like Singapore and Ireland.
During his address at the Sprout Agritech summit in Auckland, which was attended by approximately 100 scientists, investors, and innovators, Dr Reti stated, “Now is the moment … to seed that thinking. To seed those new things.” He emphasised the importance of avoiding a scenario where officials entrench existing practices that could be challenging to alter in the future.
Dr Reti encouraged attendees to “Fly, be bold,” while also noting the necessity of maintaining focus. He acknowledged that while New Zealand may not excel in every aspect of quantum technology, it can leverage its existing strengths in photonics.
The policy change will also introduce a “regulatory light” approach, with further details expected to be disclosed throughout the year. This will enable stakeholders to explore the boundaries of emerging technologies more freely.
The funding reallocation will benefit sectors previously underfunded, such as defence and space, while enhancing support for others, including infrastructure and industrial production. The new funding structure will allocate a greater proportion of resources towards mission-led work (60 percent) compared to investigator-led work (40 percent), a shift from the previous allocations of 45 percent and 55 percent respectively.
The $122 million, representing about 15 percent of the total $839 million available for science and innovation, will be distributed across four thematic pillars:
- Primary industry and bioeconomy
- Technology for prosperity
- Environmental sustainability
- Healthy people and a thriving society
Dr Reti highlighted the significance of innovation within these pillars, citing the use of robotics in the agri-tech sector as a prime example. He referenced a kiwifruit grower in Kerikeri who employs drone technology to analyse his crops and make informed decisions, which he described as a promising advancement that could provide a competitive edge for New Zealand.
For those interested in further developments in funding opportunities, additional information can be found through various governmental resources and initiatives that support research and innovation in these emerging fields.