Government invests $20m in digital technologies in pre-Budget announcement

 Government invests $20m in digital technologies in pre-Budget announcement


A high -wage, low -emissions economy is what New Zealand needs and the Government is investing in digital technologies to achieve the goal.

David Clark, Minister for the Digital Economy and Communications, said the government has approved another $ 20 million over four years to two important initiatives in the digital technologies Industry Transformation Plan. This allocation in Budget 2022 will help technology companies fulfill their potential as generators of high -value jobs and export earnings.

“By 2020, the digital technology sector has contributed $ 7.4 billion to the economy. Since 2015 it has, on average, grown about 77% faster than the economy as a whole,” Clark said.

Local technology needs to be trained to the utmost, as a result the government is also providing gaps for seniors in key industry roles to track their path towards residency. Information and communication technology managers, software engineers, information and communication technology security specialists, and multimedia specialists will be on the green list for the purpose, Clark said.

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To be included on the list, multimedia specialists must be paid $ 95,000 or more, and the remainder $ 120,000 or more, according to Clark.

“If we want our tech workers to be world leaders, it makes sense that they learn from world leaders.”

David Clark, Minister for Digital Economy and Communications.

ROBERT KITCHIN/Stuff

David Clark, Minister for Digital Economy and Communications.

The government’s recently announced balancing of the immigration system will help ease some of the pressing industry pressures, enabling businesses to attract skilled workers from the coast.

The government will also support the growth of the Software-as-a-Service (SaaS) community and bring New Zealand’s story of technology and innovation to the world. It includes major global markets such as the USA, Australia and Europe.

“New Zealand has many successful SaaS companies around the world and we want to grow that. The SaaS sub-sector has experienced continued growth despite the Covid-19 pandemic and has almost doubled export revenue. and count people within the 5 -year window, ”Clark said.

The new funding will empower the SaaS community to sustain and expand its network. It will also support the delivery of short courses for developing digital skills, Clark said.

The new fund will build on the work already begun on the technology story initiative and promote the technology sector locally and internationally.

“We will start to shift the perspectives of our country and rebrand as a global contender in the technology market,” Clark said.



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