$92 million boost for high-tech

Building a more competitive and productive economy is one of the Government’s four priorities this term. That’s why we’re investing $92 million into research that will help grow the high-tech manufacturing sector through Science and Innovation in New Zealand.

Crown Research Institutes, and private research organisations have been awarded research grants in the high-value manufacturing sector. The 31 projects range from medical technologies like early cancer detection to nanotechnology insulation and cryogenic refrigeration.

The $92 million for the projects over six years is the second tranche of the Ministry of Business, Innovation, and Employment’s 2012 science investment round. It follows the $133 million in science research grants that we announced last month.

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