More interestingly, perhaps, than these big projects is the fact that aerospace is today characterized by a nice mix of early-stage startup entities as well as well-established companies. And unlike, for example, the software sector, Aerospace has an entire ecosystem of upstream and downstream opportunities – from manufacturing of hardware to University-based research and development to opportunities to run launch sites and testing centres from our shores.
In my home town of Christchurch, the list of organizations involved with the aerospace industry is huge. And while there is the somewhat inexplicable inclusion of a coffee roasting company in there, the list is impressive. Indeed, ChristchurchNZ, the region’s Economic Development Agency has identified aerospace as one of its big opportunities. Despite the fact that identification by an EDA can sometimes be a bit of a guarantee of failure, it seems that, in the case of aerospace, they’ve identified something with very real potential.
There is no single answer to New Zealand’s economic malaise – heaven knows we’ve tried with dairy, with kiwifruit and with inviting well-heeled tourists to our shores. So while aerospace isn’t the total panacea, it seems it can have a very important part to play. Now where’s my space suit?
Ben Kepes is a Canterbury-based entrepreneur and professional board member. The Hitchhikers’ Guide to the Galaxy is his go-to space read.