Government invests $20m in digital technologies in pre-Budget announcement
An economy with high wages and low emissions is what New Zealand needs and the government is investing in digital technologies to achieve the goal.
David Clark, Minister of Digital Economy and Communications, said the government has approved an additional $ 20 million over four years for two key initiatives in the Digital Technology Industry Transformation Plan. This 2022 Budget allocation would help technology companies reach their potential as generators of high-value jobs and export earnings.
“By 2020, the digital technology sector contributed $ 7.4 billion to the economy. Since 2015, on average, it has grown 77% faster than the overall economy,” Clark said.
Local technology should be trained by the best, as a result, the government also gave the thumbs up for the key positions of the industry to speed up on their way to the residence. Clark said information and communications technology managers, software engineers, information and communications technology security specialists and multimedia specialists will be on the green list.
* The future of Aotearoa’s economy depends on startups
* The government and NZTech intensify the urgency of ambitions for the technology sector
* Six hundred border exemptions granted to technology workers
To be on the list, media specialists would have to receive a payment of $ 95,000 or more, and the remaining $ 120,000 or more, Clark said.
“If we want our technology workforce to be a world leader, it makes sense for them to learn from world leaders.”
The rebalancing of the immigration system recently announced by the government will help alleviate some of the immediate pressures on the industry, allowing companies to attract skilled labor from abroad.
The government would also support the growth of the Software-as-a-Service (SaaS) community and bring the history of New Zealand technology and innovation to the world. This included key global markets such as the US, Australia and Europe.
“New Zealand has several successful SaaS companies worldwide and we want this to grow. The SaaS subsector has experienced sustained growth despite the Covid-19 pandemic and has nearly doubled both its export earnings and its a period of 5 years, “Clark said.
The new funding could boost the SaaS community to expand and expand its network. It will also support the teaching of short courses for the development of digital skills, Clark said.
The new funding would be based on work already underway on the technology history initiative and will promote the technology sector locally and internationally.
“We will begin to change our country’s perceptions and change the brand as a global competitor in the technology market,” Clark said.