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March 15th 2010 at 12:00pm, By Dave Guerin
While many of the stories on this blog are about day to day policy and political issues, I’m more interested in the big ideas of how we improve New Zealand and that’s the way I’m focusing my paid work. So I was really pleased to see a story from Canterbury about their V5 project, which aims to “identify up to five projects of national significance that each have the potential to generate $100 million of revenue for the Canterbury Region within five years and $1 billion or more in revenue within 20 years”.
The project came out of the Canterbury employers’ summit last year and has been championed by Rod Carr, VC of the University of Canterbury, with the support of Canterbury Employers Chamber of Commerce and Christchurch Development Corporation. The Press has written a story and editorial on the issue that you can read, but I’d rather you focus on the projects that have won. Check out their storyboards and have a think about how you could help support similar big projects.
The support package for each winner is detailed below at the V5 site and includes up to 50 days of professional services per project and other support.
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4 Responses to Canterbury’s V5 Big Ideas
Steve Day
March 16th, 2010 at 3:11 pm
They can’t be serious. Canterbury’s water resources are already over extracted to allow intensified dairying. The health, environmental and social costs of the existing irrigation schemes are already evident. The university would be showing significantly more economic and social responsibility finding ways to end the massive over-irrigation in its province.
Dave Guerin
March 16th, 2010 at 3:17 pm
There’s some comment on that in the links to The Press and obviously it is controversial, but it certainly has potential to generate high returns. I’m not surprised that they rated so highly. The balancing act will take place thru a whole lot of RMA hearings, as water is certainly a scarce resource down in Canterbury with plenty of people wanting it.
Steve Day
March 16th, 2010 at 3:49 pm
Hmm, yes, I should have read the links in your post before commenting. They’ve got me even more irritated (having read who some of the judges were – I thought a university might have greater concern for perceived conflicts of interest).
I agree this is highly politicized issue – with even the prime minister making intemperate remarks on irrigating the Hurunui. That is even more reason that the university should have a more thorough justification than “it will make a whole lot of cash”. I’ve got nothing against a little bit of entrepreneurism, as seems to be going on down that way, but they just be careful it doesn’t get in the way of that ‘critic and conscience’ thing.
I’d love to know what UC’s department of biological sciences makes of all of this.
Dave Guerin
March 16th, 2010 at 4:01 pm
To be fair, the whole point of it was to spark ideas for big new industries and give them a hand to get started. There’s a place for competitions like this and they don’t have to weigh every possible social and economic variable – markets and regulation can sift out the finally successful ideas.
And I’m sure for every proposal supported by the University, academics at Canty and others will be pointing out the pros and cons.
I’m just happy that the group is encouraging some big new business ideas. I have no allegiance to the ideas themselves.