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1 EXECUTIVE SUMMARY ............................................... 3
2 INTRODUCTION ........................................................... 5
3 OVERVIEW OF THE NEW ZEALAND BIOSCIENCE SECTOR .............................. 7
3.1 NZBIO, A National Industry Association: Creating a Sustainable Bioeconomy in NZ ....... 9
4 OPPORTUNITIES AND CHALLENGES ....................................... 12
4.1 Government Funding ........................................................... 13
4.2 Improved Investment Environment/ Supply of Venture Capital ................... 13
4.3 Creation of Centres of Excellence ................................................ 14
4.4 Regulatory Systems .................................................................... 15
4.5 Education System to Promote the Economic and Consumer Benefits of Biotechnology ........ 15
5 CONCLUSION & RECOMMENDATIONS ............................................ 16

 

 

 

New Zealand's economy has been based on the primary sector for the last 150 years. In the past few years however, even with our global scientific and technical leadership of the sector, it has not been enough. New Zealand's GDP per capita and economic growth has been falling steadily in the OECD rankings. This is particularly clear when we look across the Tasman. If our economy is to grow it needs to diversify and diversification requires a committed strategic approach, which builds on New Zealand’s areas of natural competitive advantage. For New Zealand this lies in two areas; our depth of knowledge in the primary sector and the excellence of our science.

These come together in New Zealand's development of a sophisticated bioeconomy across agricultural, food, industrial and environmental biotechnology and human healthcare, incorporating human therapeutic development and medical technologies.

 

 

 

 

The OECD’s International Futures Programme, “The Bioeconomy to 2030: Designing a Policy Agenda” (OECD 2006
? Preliminary Documentation) states that “Innovation in the biosciences requires active support from Government and industry. Those countries able to muster resources to invest in R&D and human capital formation ? and equipped with policies to meet the challenges posed by new products and processes ? will move ahead, creating wealth within their societies and becoming leaders in innovation globally. Those who fail to keep pace with these changes risk losing new global markets and compromising growth at the national level.”...계속