Can you fix it?: Must try harder
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The brain drain is serious and New Zealand needs to develop greater depth in high value industries and focus on commercialising R&D.
Our company turns over $60million and is involved in high tech area of pharmaceutical development. We have just started to qualify for some useful government grants such as an internship which rescued one science graduate from a supermarket check-out job to work for us for six months helping on one of our R&D projects.
Traditionally, in my view, too much support has gone towards universities that have a poor record of commercialisation as their incentives lie in academic publications. In the past this view has raised howls of protest but it does have credence.
We need to develop a greater sense of urgency, with less complaining and more doing. We have innovation here but we are not great at the implementation and process.
This is important so that the students of today can get decent, high paying, jobs here rather than further afield.
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