The hi-tech sector is in the NZ Herald today – telling a story that many of us already know, but doesn’t get much coverage.
Our top 100 hi-tech companies earn $6.7 billion and still show positive prospects for growth. Greg Shanahan, the founder of the Technology Investment Network predicts the sector could outstrip dairying. Bold words, but wouldn’t it be good see this sector growing – and diversifying our economy?
If we want to catch Australia (a pretty naff goal if you ask me) we’re going to have to grow dairy 5 times. Can’t imagine 5x more cows or that amount of new productivity. The hi-tech sector – commercialising smart ideas on the other hand has less or no carbon miles, produces smart, high paying jobs and generated export revenues. It has more potential if we get behind it.
Nearly 80% of what our top 100 hi-tech companies produce is exported.
A good story that gets too little attention.