Posted on 24/08/2009
Resene Paints has been awarded a prize of a million dollars worth of R&D for winning IRL's "What's your problem New Zealand?" competition. The prize will be awarded in the form of research hours which will include access to IRL's expertise and facilities.
Along with a hundred other New Zealand businesses, Resene Paints took on the challenge of seeking science solutions to a business 'problem'. Over the next 18 months the Wellington-based company will work with IRL to develop high-performance paints using resins made of sustainable ingredients. The shift away from the use of gas and oil as the core composition of their product is a firm expression of Resene's commitment to sustainable developments.
Bringing science and business together can serve to improve productivity, to create wealth and to keep the benefits in New Zealand. The underlying message of the competition is that investing in R&D helps drive profitability.
Our sincere congratulations to Resene Paints for this win, and to all finalists for pushing the boundaries and demonstrating how innovative thinking translates into action.
Nine other finalists include:
Dynamic Controls
Fisher & Paykel Applicances
Glidepath *
Gallagher Group
Group 3 Technology
Mars Petcare NZ
Pacific Edge Biotechnology *
PowerShield
Pultron Composites
Resene *
* Baldwins client