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Welcome boost in NZ business spend on R&D

New figures reveal the highest increase in business R&D spend in a decade – more work to do

Callaghan Innovation welcomes the half-a-billion-dollar rise in New Zealand business research and development (R&D) spending revealed today in figures from NZ Statistics.

Callaghan Innovation CEO, Vic Crone, says the increase is the highest in a decade. Growth at this rate, she adds, puts New Zealand’s R&D spending on track to hit the Government’s 2% of GDP target within the next decade.

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