Kea “New Zealand, New Thinking” event, New York
### stuff.co.nz Last updated 05:00 22/05/2011
$1b prize plan for NZ’s future
By Rob O’Neill – Sunday Star Times
The Government is being urged to invest in new strategies to lift the country out of the economic mire, with one successful entrepreneur suggesting it invest $1 billion in future energy technologies through an audacious prize.
New Zealand needs to build a country around the promises of tomorrow, not the legacies of yesterday, Hyperfactory founder Derek Handley told expatriate Kiwis in New York last week as the government announced the partial sale of many state-owned energy assets.
Handley said $1b is less than a tenth of what the current government has committed to infrastructure projects in the next few years and about the same amount spent bailing out South Canterbury Finance investors. It is also “about twice as much as the amount we hope to lose by hosting the Rugby World Cup”, he said and about the same as our bill for six weeks of imported oil.
Post by Elizabeth Kerr