Australia & New Zealand is home to world-class science and innovation in food, health & agriculture, and has a positive investment environment.
Australia & New Zealand: World-class science and innovation in food, health & agriculture.
- Strong R&D
- Research: Australia / New Zealand has 5 of the world’s top 100 science universities; 7th in the world for quality of research institutes; top quartile of OECD in education & human capital.
- Publications: Produces 10x the global average of research publications / capita; produces 5% of the world’s top cited publications in natural sciences.
- Patents: Highest in world in patents / capita; equal to US & Israel in patents / GDP.
- People: Have more biotech related PhDs per capita than the USA, UK and Japan; and their excellent work ethic is renowned.
- Strong innovation & entrepreneurship
- Innovation: Australia & New Zealand both in top 5 globally for early stage entrepreneurship
- Regulation: Closely aligned with US & EU regarding standards but faster approvals and lower costs; no EFSA type regulatory hurdles; top ranking globally for ease of doing business
- IP protection: Strong rule of law (UK-based); strong patent legislation; part of PCT
A positive investment environment:
- Very strong government support, especially food, health & agriculture
- R&D expenditure: Growing at 14% per annum.
- Generous R&D grants: 45% rebate in Australia; 20% in New Zealand.
- But under-invested:
- A heavily private economy: 68% of New Zealand’s and 35% of Australia’s top 100 companies are unlisted – compared to zero percent of the USA’s.
- Less than 1% of companies are publicly listed in New Zealand; less than 1.5% in Australia:
Percentage of top 100 companies which are unlisted.
- There is very low investment pressure: private equity transactions account for only 4% of all major transactions in Australia/New Zealand, compared to 10% in North America and 13% in Europe:
Private equity transaction as % of total transactions.
- So in contrast to having one of the highest levels of patents per capita the region has among the lowest levels of private equity investment
The region is unique:
- A first-world gateway to Asia-Pacific
- Closely networked with regional neighbours South-East Asia and China
- Predominant economic focus on Asia
- First-world legal, regulatory and business environment
- Truly unique ecosystem
- Our flora and fauna are quite unique in all the world due to long evolutionary isolation