Murray Bain
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Murray Bain Chief Executive Ministry of Science and Innovation
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Transcript of Murray Bain
Murray Bain
Chief Executive Ministry of Science and Innovation
A city of ideas
Murray Bain
Chief Executive
Ministry of Science and Innovation
A tale of two countries
$US, current prices, current PPPs. Source: OECD. $US, current prices, current PPPs. Source: OECD.
A Tale of Four Countries: Comparisons of GDP per Capita
0
5,000
10,000
15,000
20,000
25,000
30,000
35,000
40,000
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GD
P p
er
Ca
pit
a
Denmark New Zealand
Source: OECD.Stat B1_GE Gross domestic product (expenditure approach) HCPC Per head, US $, current
New Zealand vs Denmark
Exports as a percentage of GDP
68 %
11 % 11 %
10 %
Non - exports
Other Tech
Ag
Denmark 1989
1 %
Non - exports
Other Tech 1 %
Ag 9 %
8 %
82 %
New Zealand 1989
46 %
23 %
21 %
10 %
Non - exports
Other
Tech
Ag
Denmark 2008
75 %
9 %
3 %
13 %
Non - exports
Other
Tech 3 %
Ag
New Zealand 2008
Bridging the gap
Creators of ideas • Backyard inventors
• Research organisations
– Universities
– CRIs
Exploiters of ideas • Smart investors
– Angel investors
– Venture capital
• Smart businesses
Research and innovation
“Research is the conversion of money into
knowledge and competence. Innovation
is the conversion of knowledge and
competence into money.”
- Per Eriksson, VINNOVA, Sweden
Building the city of ideas
• Networks
• Translators
• Visibility
Smaller firms
lacking
R&D
capability
Start-ups 125 larger
R&D-intensive
exporters
NZTE
Seeding Capacity building Scale
Firms with
growing
R&D
capability
Tech Development Grants
Tech NZ Projects
Tech Transfer Vouchers
Na
tio
na
l N
etw
ork
of
Co
mm
erc
iali
sa
tio
n C
en
tre
s
Entrepreneurs
Pre Seed Tech NZ Project
Smart Investors
Research Organisations
