Updated on 23 August 2013
New Zealand has also pioneered advances in many other areas of healthcare technology, ranging from ground breaking medical devices and biopharmaceutical products to software and information technology (IT) solutions, many of which are now being adopted here in Asia. Whether it's electronic healthcare systems that can help governments plan and prepare for future disease trends or diagnostic technology that can test for multiple diseases from a single drop of blood and deliver the results via SMS within 20 minutes, New Zealand is working with Asia to develop and implement systems to manage some of our common challenges.
What can New Zealand learn from Singapore in terms of promoting the industry?
Singapore and New Zealand share a number of similarities. We are both small island nations with like sized populations that share a similar outlook on regional cooperation and free trade. Singapore and New Zealand are also building knowledge-based economies that will deliver higher value for our countries and propel us forward. This relies upon an investment in people and innovation that will help us to develop capability from our small population, respond quickly to global change and invent new ways of doing things.
It is a mindset that also relies on collaboration, looking outside our own borders to adapt and develop systems and technology that will help us to grow, and become more efficient. New Zealand businesses understand and appreciate the insight, connections and knowledge Singaporean companies have into the rest of Asia and what they can learn through partnership and collaboration.
Many prominent New Zealand companies have set up their regional operations in Singapore and are increasingly looking to Singapore and ASEAN companies as trading and joint venture partners. It is clear that New Zealand industry can learn a lot from collaboration with Singaporean partners, and give a lot back in return.
What is the size of New Zealand bio industry?
Biotechnology plays a crucial role in New Zealand's economy and New Zealand is now a world leader in niche sectors such as health research. Currently, there are more than 450 New Zealand companies involved in bioscience. Additionally, New Zealand was ranked in the top 10 countries in terms of biotechnology innovation by Scientific American Worldview in 2012.