New Zealand’s Deputy Secretary, Paul Stocks, Visits INCIT to Foster Innovation and Industrial Transformation
The International Centre for Industrial Transformation (INCIT) had the honour of hosting Mr. Paul Stocks, Deputy Secretary of Building, Resources and Markets at New Zealand’s Ministry of Business, Innovation and Employment. Under his leadership, the Building, Resources and Markets Group is responsible for many regulatory systems that shape New Zealand’s dynamic markets, Mr. Stocks’ visit marked a significant milestone in fostering collaborative efforts to accelerate industrial transformation globally.
About Paul Stocks and His Vision
Mr. Stocks leads the Building, Resources, and Markets Group, overseeing key regulatory systems that underpin New Zealand’s economic growth. His responsibilities span critical sectors such as building and construction, energy, financial markets, intellectual property, and telecommunications. By ensuring fair competition and a well-functioning business environment, he facilitates the development of solid foundations for sustainable development and innovation.
With a distinguished career, including leadership roles in policy and performance at the Ministry for Primary Industries and strategic management at the Treasury, Mr. Stocks has a deep understanding of how regulatory systems can drive growth and societal benefit. His commitment to fostering economic resilience and innovation aligns seamlessly with INCIT’s mission to advance global industrial transformation.
A Shared Commitment to Industrial Transformation
The visit was centred around exploring how INCIT’s cutting-edge tools and methodologies could contribute to New Zealand’s industrial transformation journey. Discussions focused on leveraging advanced analytical frameworks, prioritisation indexes, and ecosystem platforms to address critical areas such as sustainability, digital transformation, and the growth of high-tech startups.
During his engagement with INCIT, Mr. Stocks explored several initiatives designed to support New Zealand’s ambitions for a future-ready economy:
- Harnessing the Power of Prioritization Indexes
INCIT’s proprietary tools enable governments and industries to identify key sectors and projects that drive transformation. With a focus on sustainability, digital transformation, industrial artificial intelligence, and small business development, these indexes can help New Zealand target investments effectively. - Driving Evidence-Based Decision-Making with Data Analytics
The use of INCIT’s XIRI-Data Analytics was highlighted as a vital resource for policymakers. These insights allow for informed decision-making, ensuring that investments are channelled into areas that deliver maximum societal and economic impact. - Stimulating the Innovation Ecosystem
Tools like Prioritize+, Manuvate, and Innosphere were showcased for their ability to foster innovation and support high-tech startups. These platforms provide the infrastructure and marketplace to stimulate collaboration, entrepreneurship, and technology development within New Zealand’s innovation ecosystem. - Allocating Resources for Sustainable Development
INCIT’s methodologies support the effective allocation of resources by prioritising investments that align with long-term sustainability goals. This approach aligns with New Zealand’s commitment to creating a resilient and inclusive economy.
Collaboration for a Sustainable Future
The discussions underscored the synergy between INCIT’s expertise and New Zealand’s vision of becoming a leader in industrial transformation. By adopting innovative tools and approaches, New Zealand is well-positioned to enhance its competitive edge while addressing global challenges such as climate change, resource efficiency, and digital inclusion.
Building a Roadmap for the Future
The visit concluded with a commitment to exploring further collaboration between INCIT and New Zealand. With shared goals of fostering innovation, supporting small businesses, and driving sustainable industrial practices, this partnership holds immense potential for transforming New Zealand’s economic landscape.
INCIT’s Chief Executive Officer, Raimund Klein welcomed the opportunity to contribute to this journey: “It’s inspiring to see New Zealand’s dedication to industrial transformation and innovation. We are excited to support their efforts through our analytical tools and platforms, helping to build a future-ready economy that benefits both businesses and society.”
Looking Ahead
As New Zealand continues its industrial transformation journey, partnerships like this underscore the importance of leveraging global expertise and cutting-edge tools to navigate challenges and seize opportunities. INCIT looks forward to playing an integral role in shaping a sustainable, inclusive, and innovative future for New Zealand.
With Mr. Stocks’ leadership and vision, New Zealand’s regulatory frameworks and market strategies are set to empower businesses, drive innovation, and contribute to a thriving global economy.
