1. Contributing to NZ Inc.
Institute for Innovation in Biotechnology Industry Forum 9 December2011 Phil O’Reilly BusinessNZ

2. How do we get better outcomes from science?
By making sure that everyone is doing what they need to do
We can’t afford any slack in the system
We need to be innovation outliers
Government & business & academia & research organisations all need to work well together

3. NZ’s innovation system

4. NZ’s big advantages Distance = originality
World class science in some areas
Cost of innovation low
Connections to growth markets in Asia
Ease of doing business
Connectedness inside NZ
Our science is what the world wants eg food, life sciences
Political commitment to change

5. NZ challenges Scale / distance Industry structure
Connections between business & science could be better
Some fear of overseas investment
Lack of insightful capital at the right scale
STEM skills
Applied science & business translators lacking
No clear vision - yet!

6. So what should we concentrate on?
The power of ‘and’ - not the tyranny of ‘or’
EVERBODY involved: govt/research/business
Understand what value to NZ looks like
Agree a plan
Be ambitious
Understand our customers
Encourage translators

7. The most profound and long term competitive advantage NZ will have is the power of science and innovation translated to business success.