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Call for submissions: New Zealand's frontier firms

12 January 2021

The Commission's current inquiry focuses on a central aspect of New Zealand’s productivity performance – the economic contribution of its most productive “frontier” firms. 

The Commission has released its draft report, findings and recommendations, and seeks public feedback via submissions until Friday 5 February 2021 to help finalise this work. A final report is due with Government by the end of March 2021.

Innovation is the key to New Zealand's economic future

The Commission found that the productivity of New Zealand’s frontier firms is only about half that found in their overseas counterparts.

New Zealand's frontier firms lag behind their overseas counterparts

A completely new approach that learns from other small advanced economies is required, the Commission recommends:

  • A greater focus on exporting specialised products at scale to overcome New Zealand's hurdles of size and distance.
  • An overhaul of the innovation ecosystem to support firms and drive innovation.
  • Focused government investment on areas of existing or emerging economic strength and competitive advantage.
  • Collaborative, focused efforts by the Government, industry and researchers on innovation policy and investments.
  • A number of policy and regulatory changes to support innovation in important areas, including immigration, dairy, GM.

Our draft report presents 22 draft recommendations to overhaul New Zealand’s innovation system and make investments in infrastructure, regulation, skills, research and business support.

Do you agree with the Commission's draft findings and recommendations?
Have your say - read the frontier firms draft report and make a submission on this website. We welcome your feedback!

 


Short on time? Here's the overview and 1-page summary.

About the frontier firms inquiry.

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