How The Ministry of Business Innovation and Employment is Shaping New Industries
From virtual reality gaming to 3D printing, we are living in an era of technological advancement that is rapidly shaping new industries. In New Zealand, the Ministry of Business Innovation and Employment (MBIE) is leading the charge in ensuring that these industries are properly regulated and supported so that they can thrive. In this article, we will explore how the MBIE is shaping new industries in New Zealand.
What is the Ministry of Business Innovation and Employment?
The MBIE is the New Zealand government’s agency responsible for developing and implementing policies and regulations that support economic growth and innovation. The MBIE works in partnership with businesses, research institutions, and other government agencies to identify emerging sectors and provide the necessary infrastructure and resources for their growth.
The Role of the MBIE in Shaping New Industries
The MBIE is playing a key role in shaping new industries in New Zealand. From the establishment of Creative HQ, a startup accelerator program, to the development of the Callaghan Innovation Centre, the MBIE is working to create an environment that is conducive to the growth of new businesses.
One major focus area for the MBIE has been the development of digital industries, such as virtual reality and digital gaming. The MBIE has invested in research and development to grow these industries, resulting in the establishment of New Zealand’s first virtual reality game development studio, which has created award-winning games.
Moreover, the MBIE has also helped to set up the New Zealand Innovation Network, which provides innovators and entrepreneurs with the necessary funding, expertise, and resources to develop and commercialize their ideas. This network consists of over 1000 industry and academic experts who work together to provide advice, mentoring, and support to new and growing businesses.
Supporting Sustainable Industries and Jobs Creation
The MBIE is not just focused on developing new industries but also ensuring that they are sustainable and create stable jobs. Through the development of policy frameworks and regulations that promote sustainable practices, the MBIE is helping to ensure that new businesses are responsible and contribute positively to the economy.
For example, the MBIE has worked with the forestry industry to develop a sustainability framework that supports the industry’s growth while ensuring that it is done in an environmentally responsible manner. This framework has helped to create sustainable jobs and promote economic growth in rural New Zealand.
Conclusion
In conclusion, the Ministry of Business Innovation and Employment is playing a vital role in shaping new industries in New Zealand. Through its focus on developing digital industries, supporting entrepreneurs and innovators, and promoting sustainable practices, the MBIE is leading the charge in ensuring that these industries are properly regulated and supported, so that they can thrive. It is clear that the MBIE’s efforts are helping to create a strong economy and a bright future for New Zealand.
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