Outcome 5: Dynamic business environment fostering innovation and international connections
On this page
What we’re working towards
A sustained lift in economic performance through the improved use of technology and innovation, greater capital investment and leveraging global connections.
Why is this important
The economy operates in a global context, and New Zealand is heavily reliant on two-way trade, based on competitive advantage.
In recognising ongoing shifts in trade, productivity, preferences and technology, the country needs a dynamic business environment, where businesses are able to respond to new opportunities, increase their capital intensity, and the development of international connections to support economic growth and capability building.
Capital investment and strategic partnerships are necessary to advance our country’s interests in trade and technological developments. Greater diverse connectivity will make the economy more resilient to future shocks, improve economic and social wellbeing, and promote the country on the global stage.
Economic levers and services
- Research, science and technology settings and investment
- Digital technologies and communication markets and infrastructure
- Space policy
- Government procurement
Government priorities supported
- Strengthen trade and investment
- Promoting innovation, science and technology
Key services
- NZ Space Agency
- NZ Intellectual Properties Office
Key funding streams
- Research, science and innovation
- Technology and communications
- International business growth and investment
- Screen production
Our strategic intentions
To help create a dynamic business environment that fosters innovation and international connections, MBIE will:
- Improve the delivery of commercial value from national science funding and boost innovation.
- Create an enabling biotech sector.
- Support early stage capital markets and international investment attraction.
- Support the growth of the digital sector and the uptake and smart use of information and communications technology.
- Develop and improve initiatives that make it easier for businesses to work with government, including procurement approaches.