High tech manufacturing a challenge in NZ

Monday, 15 November 2010, 8:37 am
Article: sticK

High tech manufacturing a challenge in the NZ environment

(sticK - Nov. 15 2010 )
Though successful in its own right, and with major growth aspirations, Magritek’s position and image as one of the poster-children of a high technology company within the New Zealand environment is a sad reflection on the nation’s science commercialisation efforts.

The value-added manufacturer and marketer of small-scale Nuclear Magnetic Resonance, and MRI Imaging products finds some parts of its business a real challenge says chief executive, Dr Andrew Coy.

“The potential is here in NZ,” he says. “We have very well educated people, the cost of starting and running a business is virtually nothing, and we’re creative, work hard and very entrepreneurial, who are prepared to roll our sleeves up to get the job done. Those are all necessary ingredients in high-tech manufacturing.”

However, over the past 20 years, the manufacturing sector in general has contracted rather than grown, its infrastructure hasn’t developed, and there’s generally a lack of capital for the sector.

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For sticK – science, technology, innovation & commercialisation KNOWLEDGE - is a new Wellington based news service concentrating on following the money from ideas to income. Contact editor Peter Kerr at peter.kerr055 @ gmail.com

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