Objective 5 - Increase Auckland's business innovation and export strength
Innovation plays a particularly important role in driving business growth because most New Zealand firms cannot compete internationally on a cost or scale basis.
Auckland is New Zealand's largest population centre, main international gateway and a major base for the nation's corporate, research and education assets.
Implementing the following five strategies for becoming more economically innovative will enable Auckland to take a leadership role in transforming New Zealand's export and competitive success on the global stage.
| Strategies | Action |
| 5.1 Take an integrated, region-wide approach to coordinating innovation programmes and agencies. | 5.1.1 Establish a business-led innovation leadership group that is facilitated by the regional economic delivery agency. 5.1.2 Supervise 20 to 30 high-growth potential businesses as a pilot study. |
| 5.2 Provide better support for early-stage businesses with high growth potential
| 5.2.1 Improve access to pre-seed funding. 5.2.2 Improve coordination and information sharing between angel investor programmes and investor networks. 5.2.3 Ensure tax policy rewards investment in early-stage ventures. |
| 5.3 Accelerate innovative businesses in Auckland | 5.3.1 Profile and promote innovation success in the Auckland city-region. |
| 5.4 Strengthen collaboration between Auckland's businesses, universities and Crown Research Institutes
| 5.4.1 Identify the next Centres of Research Excellence to be funded in Auckland. 5.4.2 Inspire innovation by staging intellectual property showcase events. 5.4.3 Better connect universities, Crown Research Institutes and businesses. 5.4.4 Improve tertiary research funding to support research that can be commercialised. |
| 5.5 Gain more value from offshore networks
| 5.5.1 Leverage international networks and strengthen connections between existing networks and programmes. |
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