Innovating for prosperity CONNECTION CONNECTION AND AND PACE CE
Innovate New Zealand’s or bust growth agenda for prosperity MA MATT PRICHARD TT PRICHARD
Last year’s message What got us here Won’t get us there
What If then will get us there? 82% They’re probably OF CEOS ARE CONCERNED OF CEOS ARE CONCERN D right THEI THEIR CURRENT PRODUCTS R CURRENT PRODUCTS AND SERVICES MA AND SERVICES MAY NO Y NOT T BE BE RELEVANT T RELEV TO CUST CUSTOM OMERS ERS THREE YEARS FROM THREE YEARS FROM NOW NOW
What If then will get us there? 82% What are They’re we doing probably OF CEOS ARE CONCERN OF CEOS ARE CONCERNED D about it? right THEI THEIR CURRENT PRODUCTS R CURRENT PRODUCTS AND SERVICES MA AND SERVICES MAY NO Y NOT T BE BE RELEVANT T RELEV TO CUST CUSTOM OMERS ERS THREE YEARS FROM NOW THREE YEARS FROM NOW
KPMG innovating
Business What New Zealand GODFRE GODFREY BO BOYCE needs from… Government SOUELL SOUELLA CUMMING A CUMMING SIMON HUNTER SIMON HUNTER BRUCE BERNA BRUCE BERNACCHI CHI Communities KIM J KIM JARRETT RRETT
The role of Innovating for businesses prosperity CONNECTION CONNECTION AND AND PACE CE GODFREY BO GODFREY BOYCE
The role of Innovating for businesses prosperity CONNECTION CONNECTION AND AND PACE CE DOUBLE DOUBLE OUR EXPORTS BY 2025
The issue: GLOB GL OBAL AL COMPETITIVENESS INDEX 2016 COMPETITIVENESS INDEX 2016 (NEW ZEALAND IS 13th OUT OF 138 COUNTRIES) value INSTITUTIONS INSTITUTIONS chains and 7 INFRA INFRASTR TRUC UCTU TURE RE INNO INNOVATION ON 6 innovation 5 4 BUSIN BUSINESS SOP SS SOPHIST ISTICATION ON MACRO- MA CRO-EC ECONOMIC ONOMIC ENVIRONMENT ENVIRONMENT 3 2 1 MARKE MARKET SIZE T SIZE HE HEALTH AND AND 0 PRIMAR PRIMARY EDUC EDUCATION ION NEW ZEALAND NEW ZEAL TECHNOL TECHNOLOGIC GICAL READINESS L READINESS HIGHER ED HIGHER EDUC UCATION ION EAST ASIA AND PACIFIC EAST ASIA AND P CIFIC AND TRAINING AND TRAINING SOU SOURCE: WORL WORLD ECONO D ECONOMIC FOR FORUM FINANCIAL FINANCIAL MARKE MARKET T GOODS MARKE GOODS MARKET EFFICIE T EFFICIENCY DEVE DEVELOPMENT LABOUR MARKE LABOU R MARKET EFFICIEN T EFFICIENCY
Disruption POSITIVE POSITIVE IMPACT OF IMP CT OF DISRUPTION DISRUPTION ONLY 28% OF ONL Y 28% OF CEOS RATE THEIR CEOS RA TE THEIR ORGANISA ORGA SATI TION ON CAPABILITY TO CA TO INNO INNOVATE HIGH TE HIGH NEGATIVE NEGA TIVE SOU SOURCE: LOW LO CAPABILITY T BILITY TO INNO INNOVATE TE HIGH KPMG GLOB KPMG GL OBAL CEO SURVEY AL CEO SURVEY
How innovative? Innovating for prosperity What sort of CONNECTION CONNECTION AND AND PACE CE innovation?
How BUSINESS BUSI SS SPEN SPEND D ON ON RESEARCH RESEARCH & DEVEL & DEVELOPM PMEN ENT FOR SELECT COUNTRI T FOR SELECT COUNTRIES 2014 OR LATEST AVAILABLE YEAR, % OF GROSS DOMESTIC PRODUCT innovative is New Zealand business? SOURCE: OE SOU OECD
How WHA WHAT HAS T HAS WHA WHAT MIGHT T MIGHT BEEN BEEN HA HAVE BEEN VE BEEN innovative is New Zealand 1.3% 2.8% business? SPEND ON SPEND ON SPEND ON SPEND ON INNO INNOVATION TION INNO INNOVATION TION $245 BN $330 BN GDP T GDP TODAY GDP T GDP TODAY SOU SOURCE: OE OECD
PIV PIVOTAL What’s LEADERS LEADERS AMBITION AMBIT ON holding back & ATTI & A TITUDE DE New Zealand STRATEGI STRA TEGIC C ANCHOR ANCHOR business? INVESTMENT INVESTM NT & & RESOURCE ALLOCATI RESOURCE AL TION ON CUST CUSTOMER OMER INTIMACY INTIMA CAPABLE CA CONNECTION & CONNECTION & PEOPL PEOPLE COLLABORA COLLABORATION TION DEPL DEPLOYMENT MENT DISCIPL DISCIPLINE NE
What sort WE GET WE GET $37 of innovation by New BN BN CONSUMERS CONSUMERS Zealand FOOD FOOD RETAILE RET ILERS business? FOOD, FOOD, CONSUMER, CONSUMER, INDUSTRIAL INDUSTRIAL TRADERS/ TRADERS MARKETERS MARKETERS FARMERS/ FA THEY PAY THEY P GROWERS GROWERS $250 BN INPUT INPUT COMPANIES COMP ANIES BN
What sort 70 % + of innovation by New CONSUMERS CONSUMERS Zealand FOOD FOOD RETAILE RET ILERS business? FOOD, FOOD, CONSUMER, CONSUMER, INDUSTRIAL INDUSTRIAL TRADERS/ TRADERS MARKETERS MARKETERS FA FARMERS/ GROWERS GROWERS INPUT INPUT COMPANIES COMP ANIES
Too much of this… What sort of innovation by New Zealand business? BRIGHT BRIGHT IDEA IDEA PRODUCT PRODUC COMMERCIALISATION COMMERCIALISA TION MARKETING MARKETING DEVEL DEVELOPMENT PMENT
Not enough What sort of innovation of this… by New COMMERCIALIS COMMERCIA LISATION TION CUSTOMER EXPERIENCE CUS OMER EXPERIENCE Zealand business? PRODUCT DEVEL PRODUCT DEVELOPMENT OPMENT CUSTOMER FEED CUS OMER FEEDBACK CK STAR ST ART HERE… T HERE… CUSTOMER TESTING CUS OMER TESTING MARKET RESEARCH MARKET RESEARC BRIGHT IDEA BRIGHT IDEA
Innovating for prosperity CASE STUD ASE STUDY: MO MOAN ANA
PIV PIVOTAL L Innovating LEADERS LEADERS AMBITION AMBITION for & ATTITUDE & A TTITUDE prosperity STRA STRATEGI TEGIC C ANCHOR ANCHOR INVESTM INVESTMENT NT & & RESOURCE AL RESOURCE ALLOCATI TION ON CASE STUD ASE STUDY: MO MOAN ANA CUST CUSTOMER OMER INTIMA INTIMACY CA CAPABLE CONNECTION & CONNECTION & PEOPLE PEOPL COLLABORA COLLABORATION TION DEPL DEPLOYMENT MENT DISCIPLINE DISCIPL NE
Innovating for prosperity CONSUMERS CONSUMERS CASE STUD ASE STUDY: MO MOAN ANA FOOD FOOD RETAILE RET ILERS FOOD, FOOD, CONSUMER, CONSUMER, INDUSTRIAL INDUSTRIAL TRADERS/ TRADERS MARKETERS MARKETERS FISHERS FISHER
Innovating for prosperity CONSUMERS CONSUMERS CASE STUD ASE STUDY: MO MOAN ANA FISHER FISHERS
New Zealand needs: Innovating for prosperity More spend on innovation CONNECTION CONNECTION AND AND PACE CE More innovation at customer end More connection Speed up
The role of Innovating for Government prosperity CONNECTION CONNECTION AND AND PACE CE SOUELLA CUMMING SOUELLA CUMMING SIMON HUNT SIMON HUNTER BRUCE BERNA BRUCE BERNACCHI CCHI
The role of Innovating for Government prosperity CONNECTION CONNECTION AND AND PACE CE INNO INNOVATIVE TIVE DELIVERY OF OUTCOMES SOUELLA CUMMING SOUELLA CUMMING
The role of Government CASE STUD ASE STUDY: INVESTIN INVESTING IN CHILDREN G IN CHILDREN
The role of Government CASE STUD ASE STUDY: CO COGNITIVE TECH ITIVE TECHNOL NOLOGY OGY
The role of Government CASE STUD ASE STUDY: SOCIAL SOCIAL HOUSI HOUSING MODEL G MODEL
Innovating for prosperity CONNECTION CONNECTION AND AND PACE CE
The role of Innovating for Government prosperity SUPPORTING BUSINESS CONNECTION CONNECTION AND AND PACE CE INNO INNOVATION TION SIMON HUNT SIMON HUNTER
Innovating FUTURE FOCUS FUTURE FOCUS HIST HISTORIC ORICAL FOCUS AL FOCUS 80% OF NEW ZEA 80% OF NEW ZEALAND’S D’S ADDED ADDED 80% O OF NE NEW Z ZEALAND ALAND’S R S R&D E EFFOR FORT where the R&D EFFOR R&D EFFORT SHOULD FOCUS WHERE SHOULD FOCUS WHERE VS 20% OF VALUE CHAIN VS 20% OF V E CHAIN 80% OF THE 80% OF THE VALUE IS E IS value is EXAMPLE VALUE CHAIN EXAMPLE V E CHAIN 30% CONNECTION AND CONNECTION AND PACE CE 100% 100% 75% 75% 30% 50% 50% 20% 25% 25% 5% 14% 1% 0% 0% KNOWLEDGE KNOW DGE & & SUPPL SUPPLY PRIMAR PRIMARY ADVANCE AD NCED SUPPLY SUPPL RETAIL T RET TO PUBLIC GOOD PUBLIC GOOD ACTIVITY TIVITY ACTIVITY TIVITY CHAIN CHAIN CONSUM CONSUMER
Investing in IMMA IMMATURE IMMATURE IMMA TURE TURE NETWOR NETWORK NETWORK NETWOR innovation networks, connections and collaboration CONNECTION CONNECTION AND AND PACE CE
Investing in IMMATURE IMMA IMMATURE IMMA TURE TURE AD ADVANCED NCED NETWOR NETWORK NETWOR NETWORK NETWOR NETWORK innovation networks, connections and collaboration CONNECTION AND CONNECTION AND PACE CE
Investing in BUILDING A CITIZEN I. BUILDING A CITIZEN I.T. ECOSYSTEM FOR PROSPERITY ECOSYSTEM FOR PROSPERITY innovation networks, connections and collaboration CONNECTION CONNECTION AND AND PACE CE
The role of Innovating for Government prosperity FUNDING CONNECTION CONNECTION AND AND PACE CE INNO INNOVATION TION BRUCE BERNA BRUCE BERNACCHI CCHI
Funding OTHER Innovation 7% OPPORTUNITIE UNITIES TA TAX SOURCES SOURCES INCOME TAX 55% GST 38% SOU SOURCE: OE OECD
Funding TAX / AX / GDP GDP OECD COUN OECD COUNTRI TRIES Innovation OPPORTUNITIE UNITIES 31.4% 31.4% SOU SOURCE: OE OECD
Base erosion and profit shifting Funding Innovation OPPORTUNITIE UNITIES OR OR INTERNA TERNATIO TIONAL NAL FRAGMENTED INTERNA FRA MENTED INTERNATIONAL IONAL HARMONY HARMONY TAX SYSTEM WITH MORE AX SYSTEM WITH MORE CONTRO CONTROVERSY VERSY
Funding Innovation AG AGEING DIGIT DIGITAL L POPULA POPULATION ON ECONOMY ECONOMY CHALLENGES CHALLENGES INCREA INCREASE SED D INCREASED T INCREASED TAX AX MOBIL MOBILITY DISHARMONY DISHARMONY
Funding Innovation IMMIGRA IMMIGRATION TAX MIX AX MIX FUTURE PROOFING FUTURE PROOFING SUPERANNU SUPERANNUATION ION BUSINESS GROWTH USINESS GROWTH
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