The New Zealand government is spending NZ 1.25 billion ($984 million) on R&D this year, or 0.57% of GDP. “Science-led Votes Science and Innovation,” the “Performance-Based Research Fund and Vote,” and “Business-led Votes Science and Innovation” accounts for 53%, 22% and 12% of such spending, respectively. To support high-value manufacturing and services, the new Advanced Technology Institutes, focused on assisting industries with high-growth potential, will receive NZ$166 million over four years. To increase the growth of primary, forestry and food industries, the Primary Growth Partnership has a combined business and government investment of NZ$600 million. To support private R&D, the MBIE TechNZ programs are providing $115 million annually. The government is also increasing its Performance-Based Research Fund, which supports university research, by 20% annually to NZ$300 million by 2016. Also, NZ$158.9 million will be invested over four years to increase engineering and science learning at universities.

Source: Ministry of Business, Innovation and Employment