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Public Research Organisations

3 new future-focused science organisations, formed by merging and refocusing New Zealand’s 7 Crown Research Institutes, have been in place since 1 July 2025. These organisations will concentrate on key areas of national importance to deliver a science system that is more connected, more commercially focused, and better aligned with the needs of New Zealand.

Public Research Organisations

3 new future-focused science organisations, formed by merging and refocusing New Zealand’s 7 Crown Research Institutes, have been in place since 1 July 2025. These organisations will concentrate on key areas of national importance to deliver a science system that is more connected, more commercially focused, and better aligned with the needs of New Zealand.

Māori-determined extreme weather fund

The Māori-determined extreme weather fund supports projects that connect hapū, marae and haptoral Māori with research, science and innovation system resources in their ongoing recovery to the 2023 North Island extreme weather events and in aid of their preparation for future extreme weather events.

Consultation on exposure draft amendment Open Banking regulations relating to business banking digital channels

MBIE sought feedback on an exposure draft of amendment regulations that set out the requirements for banks to provide open banking to customers on a wider range of digital channels, including those used primarily by businesses. Government considered the feedback received in this consultation and amended the regulations in May 2026.

Outcome 5: Dynamic business environment fostering innovation, technology, and international connections

The New Zealand economy operates within a global context and is heavily reliant on two-way trade, based on competitive advantage. It is important for the economy to adapt and innovate. MBIE also seeks to increase capital intensity, develop international connections and boost innovation.