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Biotechnology Research Roadmap - Science and Innovation

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Short term actions:<br />

<strong>Research</strong> funding <strong>and</strong> investment agencies to:<br />

set biomedical <strong>and</strong> drug development research priorities on internationally competitive research excellence.<br />

focus later- stage research investments on research that builds on strong international links.<br />

work on building collaborative partnerships within New Zeal<strong>and</strong> that cover the entire basic-to-market<br />

application spectrum.<br />

Direction 5<br />

The government will work to improve research funding processes to progress biotechnology research more<br />

smoothly along the pathway to commercialisation.<br />

The long lead times to development with<br />

biotechnology related products require long-term<br />

research investments. The government has important<br />

roles to play supporting research commercialisation<br />

activities in partnership with industry to grow the<br />

biotechnology industry in New Zeal<strong>and</strong>. This includes<br />

the provision of funding to progress biotechnology<br />

research that can be commercially used from basicto-applied-to-prototype<br />

development <strong>and</strong> addressing<br />

any funding gaps that are inhibiting the progression<br />

of biotechnology research to achieve commercial<br />

outcomes.<br />

The establishment of the Pre-seed Accelerator Fund<br />

(PSAF) has begun to fill what was a particularly<br />

important funding gap for the biotechnology industry<br />

in New Zeal<strong>and</strong>. Preliminary reviews of this funding<br />

scheme indicate that nearly 40% of projects funded<br />

to date have a basis in biotechnology research. The<br />

government has scheduled an evaluation of the<br />

PSAF scheme for completion by 2008-09. This<br />

evaluation will identify any aspects of the scheme’s<br />

implementation which require further improvement.<br />

The need remains, however, to improve continuity of<br />

funding between funding portfolios <strong>and</strong> instruments<br />

<strong>and</strong> to improve inter-agency alignment between<br />

funding agencies which support complimentary<br />

research commercialisation activities. For example,<br />

recent evaluations indicate that there is degree of<br />

confusion amongst the research community, <strong>and</strong><br />

overlap between the outcomes that are being sought<br />

from both the NERF <strong>and</strong> RFI output classes within<br />

Vote RS&T. There is scope for further RS&T system<br />

policy work to investigate options for improving<br />

these issues.<br />

There is also scope for future improvements both<br />

between <strong>and</strong> within research funding agencies to<br />

streamline the progression of research to achieve<br />

commercial outcomes. This needs to be coupled with<br />

the appropriate review mechanisms to filter quality to<br />

ensure that the research with the greatest likelihood<br />

of commercial application is supported. This work<br />

has already started. For example, FRST recently<br />

introduced systematic review processes to manage<br />

their research investments, in terms of assessing their<br />

scientific quality, working out their fit with national<br />

priorities, <strong>and</strong> assessing their delivery of outcomes<br />

to date. One area identified which requires further<br />

consideration in the short-term is whether health<br />

biotechnology research funding processes are well<br />

aligned between the HRC <strong>and</strong> FRST as projects move<br />

towards commercialisation.<br />

Work is also underway more broadly to identify<br />

where greater coordination <strong>and</strong> alignment is required<br />

between the government agencies that support<br />

research commercialisation <strong>and</strong> business support<br />

for firms. This includes work to develop coordinated<br />

<strong>and</strong> seamless delivery between operational funding<br />

agencies to improve the performance of existing<br />

funding mechanisms which support business R&D.<br />

Short term actions:<br />

MoRST to evaluate the implementation of the Pre-Seed Accelerator Fund by 2008-09.<br />

MoRST to continue to work on RS&T system policy settings to ensure that Vote RS&T is structured to<br />

maximise commercial outcomes from research.<br />

MoRST to work with research funding <strong>and</strong> investment agencies to develop improved internal <strong>and</strong><br />

cross-agency funding processes to further streamline the progress of biotechnology research ideas towards<br />

commercialisation.<br />

56 <strong>Roadmap</strong>s for <strong>Science</strong> : biotechnology research

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