Focus innovation funding to build world class firms

Colin Kennedy, Productivity Commission - January 18, 2021

The New Zealand Productivity Commission released its draft report on frontier firms which, the commission says, are a key pathway by which innovation in the form of new technologies and work practices make their way to firms behind the leading edge. New analysis undertaken by the Productivity Commission indicates that the productivity of New Zealand’s frontier firms is only about half that found in their counterparts in other small, advanced economies. “Innovation is the key to New Zea...