The eighth TIN100 Report, released in Auckland yesterday, has found that New Zealand’s technology sector is continuing to grow export revenue, invest in R&D and employ more staff despite challenging global conditions.
The annual TIN100 Report monitors the performance of New Zealand’s 200 (TIN100 and TIN100+) largest technology exporters in the areas of ICT, High Tech Manufacturing and Biotechnology.
The report is produced by the Technology Investment Network, in association with Industrial Research Limited (IRL). The Ministry of Business, Innovation and Employment’s (MBIE) Science + Innovation Group and New Zealand Trade and Enterprise are major sponsors.
The 2012 TIN100 Report found that TIN100 companies increased their combined revenue by 2.2 per cent to $7.28 billion in the 2011/12 financial year. The next 100 companies (TIN100+), ranked by revenue, grew by 4 per cent to $679 million.
Research and development (R&D) spend across the 2011/2012 financial year increased by 8 per cent, to over $429.8 million for the top 100 companies listed in the report.
Staff numbers for the TIN100 companies – which employ a total of over 28,800 staff globally – increased by 5.2 per cent across the year.
The 2012 TIN100 Report was launched on 25 October at a gala dinner in Auckland attended by 140 technology sector business leaders and stakeholders. Hon Steven Joyce, Minister for Science and Innovation and Minister for Economic Development, was the keynote speaker at the event.
For more information, visit www.tinetwork.co.nz