Wednesday, July 6, 2022

Agency to accelerate commercialisation

New government agency Callaghan Innovation will accelerate the commercialisation of New Zealand innovation, Science and Innovation Minister Steven Joyce said today.

Accelerating successful commercialisation of innovation is the yardstick by which it will be measured, its chairwoman Sue Suckling said.

The new agency was launched in Auckland and Wellington today.

“Callaghan Innovation will be a one-stop shop for business innovation support whether it be in science, engineering, design or technology,” Joyce said.

“It will be a high-tech HQ for NZ businesses.”

Callaghan Innovation brings together the former crown research institute Industrial Research, Ministry for Business Innovation and Employment’s business investments team, the Auckland Foodbowl and NZ Trade and Enterprise's Lean Manufacturing programme.

It began operations with 400 staff and offices in Auckland, Wellington and Christchurch.

Callaghan Innovation’s early focus will be to refine the services and support it provides to best serve NZ business – driving innovation and commercialisation of products and services and economic success.

“The organisation’s goals include helping high-value manufacturing and services firms to become more competitive by connecting them with innovation resources, supporting them with R&D advice and funding and strengthening their technological capability,” Joyce said.

“To accelerate the growth, scale, intensity and success of innovation in NZ, Callaghan Innovation will work to build appetite among firms to invest in research and development and, above all, translate smart ideas into high-tech products and services that we can sell to world markets.”

Callaghan Innovation will work across industries as diverse as food and beverage manufacturing, agri-tech, digital technologies, health technologies, therapeutics and high-value wood products.

"The common theme is encouraging innovation and higher value products and services," Joyce said

Suckling said “There is great potential in the high value manufacturing sector and Callaghan Innovation’s role is to help firms grow through greater application of science, engineering and technology based innovation.

“Ultimately our success will be based on the success of others. Our reputation will be earned by creating opportunities and revenue for firms in the manufacturing sector as well as organisations in the science, engineering and technology sector.”

For more information about Callaghan Innovation visit: www.callaghaninnovation.govt.nz

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