Insights into New Zealand’s biotechnology sector
New Zealand’s business environment welcomes biotechnology investments – research and development is 100% tax deductible.
New Zealand’s biotechnology sector collaborates with some of New Zealand’s most successful industries including agriculture, forestry and horticulture. Globally, New Zealand is in the forefront of:
- Pastoral and arable farming
- Environmental sciences
- Human health research
- Animal health research
- Sciences.
A prosperous industry
With a reputation for innovation and technological developments, biotechnology is one of the fastest growing sectors in New Zealand. According to NZBIO, New Zealand’s Bio Science Industry group, biotechnology organisations are worth NZ$351 million and are expected to contribute several billion dollars to New Zealand’s economy by 2030.
Talented workforce
New Zealand’s workforce is highly skilled and their experience allows for cost-effective research. According to Investment New Zealand, biotechnology research and development costs are 50% less than in the US or Europe.
Working with overseas networks, New Zealand’s biotechnology industry is highly adaptable. You’ll find New Zealand’s flexible workforce easily adjusts to global advancements.
Also contributing to its success, New Zealand’s stringent biosecurity laws and geographical isolation prevent many animal diseases and contamination to interfere with ground-breaking research.
Key Resources
We suggest looking at the following resources:
- Scion is a Crown Research Institute which utilises biotechnology to create new materials, energy products and green chemicals
- AgResearch is New Zealand’s largest Crown Research Institute and work to develop and export AgResearch biotechnologies and systems
- The Intellectual Property Office of New Zealand protects the intellectual property rights in New Zealand and administers the database of registered patents, trademarks and designs
- NZBIO is the national body representing the bioscience based industries in New Zealand
- Visit www.biotech.org.nz for news updates about New Zealand biotechnology, research and general information about the industry in New Zealand.
