Take a second look at what appears to be someone's "good luck." You'll find not luck but preparation, planning, and success-producing thinking....
- David Joseph Schwartz
A Knowledge Economy
It reminds me of a Tui's billboard. New Zealand is building a Knowledge Economy, Yeah Right!
Helen Clark the other day said:
"The key for [New Zealand] is where the company is based, and where the high-value design R&D work is done, where it's branded, where the export revenue comes."
Yes, here we are looking at a pathetic $15 per $100 tax credit on Research and Development, one of the lowest in the OECD. Where the hoops to jump through to get government research funding compared to value of the funding is disproportionate, and basically, innovation is crippled by lack of support.
If a start up needs new investment, and changes it's shareholding "too much", it loses ALL of it's previous year's losses.
Obviously this is an excellent environment to push money into R & D. And don't even get me started on the state of infrastructure that would support extensive R & D... that little thing called broadband.
