Industrial Research Limited

The Industrial Research Limited is to develop one of eight New Zealand Crown Research Institute, which has the task of promoting new technologies or business ideas, to bring in collaborations to market and thus the industrial sector of New Zealand with newly developed products and know -how to support.

At the end of the financial year 2007/2008 the Institute had first made ​​a profit of just over half a million NZ $ after many years, whereas the sometimes considerable losses of previous years repeatedly gave cause for concern.

Like most other institutions and state-owned companies has also this institute a Maori name. Te Tauihu Pūtaiao is literally " The bow of science" translated, with the bow of the ship's bow and is meant in a figurative sense means the top.

Seat

The headquarters of the Institute is located in Lower Hutt near Wellington. Two other offices are located in Auckland and Christchurch.

History

In the 1980s the New Zealand government began to restructure the areas of research and science. In 1989, for the Ministry of Research, Science and Technology created (Ministry of Research, Science and Technology) with the aim to advise the government to prepare decision-making processes to prioritize resources allocations and introduce the performance review. But that's not enough. They wanted to create individual institutions that independently and responsibly economies under government supervision, work with your own rules and regulations and do performance-related public and private orders for different tasks.

With the Crown Research Institutes Act 1992 ten Crown Research Institutes were established for this purpose, first, one of which still exist today eight institutions. The Industrial Research Limited is one of them.

With the Companies Act 1993, all institutions were converted to limited liability companies ( Limited). Industrial Research Limited is today, like all other Crown Research Institutes also, the Crown Company Unit ( controlling and advisory department ) Ministry of Finance and the Minister responsible for Research, Science and Technology assumed. Both ministers are responsible, interestingly, each getting registered as a shareholder of the eight Crown Research Institutes.

Corporate investments

100-percent subsidiary:

  • Measurement Standards Laboratory of New Zealand Limited, Lower Hutt, founded on May 23, 1994
  • Bio - Sol Limited, Lower Hutt, founded on 22 January 2003
  • Glycosyn Technologies Limited, Lower Hutt, founded on 28 October 2004

Investments:

  • Superlink Developements Limited, Lower Hutt, established on 12 August 1988 (67 % share ).
  • New Zealand Synchrotron Group Limited, Wellington, founded on 13 September 2006, with the participation of seven universities in the country and three other Crown Research Institutes such as the AgResearch Limited, the The New Zealand Institute for Plant and Food Research Limited and the Institute of Geological and Nuclear Sciences Limited, (6.7 % share ).
  • General Cable Superconductors Limited, Christchurch, founded on 19 December 2007, ( 49% interest ).
  • HTS -110 Limited, Lower Hutt, founded on 1 April 2004, under a 49.7 % interest in the Innovation Finance Limited.
  • The subsidiary, Innovation Finance Limited, founded on 17 November 2004, was merged on 10 June 2008 by Industrial Research Limited.
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