Innovation - Research & Development Innovation and research & development (R&D) are key complementary vectors for boosting the region's competitiveness. Spending on R&D is currently less than 1% of New Caledonia's GDP, which is why innovation is a priority for the Southern Province, which has set up a Fonds Sud Innovation seed capital fund and a venture capital scheme specifically for the sector, while supporting the work of organisations that provide support for innovative businesses. The ADECAL Technopole's Innovation Centre incubator/accelerator, which supports over 60 innovative projects, and the recently established French Tech branch, aim to bring together innovative businesses to encourage their growth. New Caledonia is one of the winners of the "Territoires d'innovation" programme, a major State investment plan aimed at developing large-scale innovations to meet the sector's development and structuring ambitions. Opportunities - Developing sectors such as e-commerce, foodtech, e-health, etc. - Creating innovative digital and IT tools - Developing cyber security professions - Betting on biotechnologies 3 - ECONOMIC DEVELOPMENT SECTORS AND OPPORTUNITIES 21
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