NEWS & ARTICLES
New Zealand agritech companies are creating world-first technology to help feed the world and lead the way in their industry, AgritechNZ chief executive Peter Wren-Hilton says.
Technology is making life easier, from eco-friendly cars to faster software and tech improvements are benefitting Kiwis in everyday life, he says.
“The same goes for agritech innovation such as crop protection and plant biotechnology which is improving the lives of farmers and consumers around New Zealand.
Following the national success of ShadowTech for students, TechwomenNZ and CreateOps is this week running a ShadowTech day for teachers for the first time.
The ShadowTech day for teachers will be held on Wednesday which will create an opportunity for teachers to gain first hand understanding as greater responsibility falls on teachers to pass on tech skills to students.
The founder of one of New Zealand’s biggest biotech companies, Dr Sean Simpson, is back in New Zealand this week attending key board meetings for the next wave of Kiwi success stories, BiotechNZ executive director Zahra Champion says.
Simpson, the founder of LanzaTech which started life in a Kiwi basement in 2005 and has gone on to develop processes to turn waste carbon into fuels, will present at the Angel Association New Zealand annual summit in Blenheim on Friday.
New Zealand’s biotech industry is on the cusp of a massive surge, boosting the economy and exports through the growth of new world technologies, including the use of gene technology, BiotechNZ executive director Dr Zahra Champion says.
The OECD has estimated the potential contribution of the bio-economy to New Zealand’s GDP will climb to $NZ182 billion by 2030. Champion says biology and technology are merging to form exciting new solutions which will benefit New Zealand.
“Biotech is growing exponentially in many areas including the revolution in gene editing technologies which will play a big part in the future of many sectors including healthcare, agriculture and conservation,” she says.
The new research and development tax incentive introduced today by the government will go a long way to helping inject even more growth into the tech sector, NZTech chief executive Graeme Muller says.
Given the aim of introducing an R&D tax incentive was to support a broader range of eligible firms, it was excellent to see that the government has listened through the consultation process and taken on board advice to reduce the minimum level to $50,000 and increase the rate to 15 percent, Muller says.