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PROJECT AIMS TO DELIVER R&D BENEFITS
Small to medium sized businesses are expected to reap
the benefits from a project run by the Wellington based Crown
Research Institute Industrial Research Ltd (IRL). Project GDP aims
to bring researchers, scientists and small to medium sized
enterprises, with science needs closer together.
"Surveys have found that small firms are less
likely than larger firms to undertake research and development
activities, even though they have great potential to lead to
improved productivity and the production of new and value added
goods. This project will help smaller firms realise their growth
potential, while at the same time provide students and staff with
real business issues to grapple with," Minister for Economic
Development Jim Anderton says.
Since March 2003, IRL has worked in collaboration
with WelTec and the Manukau Institute of Technology to investigate a
mechanism to support SME's (small to medium enterprises) research
and development requirements.
"Project GDP brings manufacturers with science
needs together with the technology institutes under the supervision
of the IRL scientists. It enables companies to take product
development to a whole new level,” CEO of Industrial Research, Nigel
Kirkpatrick, says.
SMEs can take advantage of research and
development activities while maintaining their focus on current
production while the participating learning institutions gain access
to practical learning experiences and develop a closer relationship
with the local business community.
The Minister for Industry and Regional Development
and the Minister of Finance have approved a grant of $106,875 (inc
GST) from the Sector Initiatives Fund (SIF) to IRL to fund
activities associated with Project GDP for the current financial
year. Other costs associated with the project will be met by IRL and
the participating learning institutions.
Progressive Party Media Release, 3 December 2004 |
