The Budget, haven't spent much time checking it over, but the heralded increase in the R&D spend is actually not much above inflation for the next year. And a big chunk of it is going to what used to be IRL, the home of many expensive projects that never went anywhere. I heard of one project where an IRL researcher quit and later completed the work privately, after the original client ran out of cash for IRL. It then turned out to be a winner, so I guess that counts..
http://www.nzherald.co.nz/business/n...ectid=10808290
Again, John Walley is on the mark, R&D tax credits would be so much better for NZ.