Local Govt | National News Video | Parliament Headlines | Politics Headlines | Search

 

Hamilton’s new Business Incubator


Media release

9 October 2008


Launch of SODA Inc. - Hamilton’s new Creative Industries Business Incubator

Immediate release

Wintec and Hamilton City Council yesterday jointly announced the official establishment of SODA Inc., the city’s new creative industries business incubator that’s aimed at encouraging and enabling economically successful businesses within the creative industries sector to thrive in Hamilton.

The name SODA Inc. reflects both its location at the historic Innes soft drink bottling factory at The Meteor, 1 Victoria Street, as well as SODA Inc.’s core mission of generating and incubating creative innovations based on business excellence.

Incubators are able to lift start-ups and early stage businesses to the next level faster and ensure that they arrive there in better shape to grow even bigger. SODA Inc. will assist start-up businesses in the creative industries sector by providing mentoring and hands-on business support plus access to a wide range of business support services. SODA Inc. also will act as a cluster core for Hamilton’s growing creative industries sector.

International research shows much better survival rates for businesses that are incubated. In the UK, 75% of businesses are still in business after 5 years compared to a non-incubation survival rate of just 33%. In the USA, 87% of businesses are still in business after 5 years compared to a non-incubation survival rate of just 40%. Importantly for Hamilton, research has also shown that most businesses stay in the local area once they leave an incubation centre.

SODA Inc. is a high-tech custom-designed suite of offices located on the mezzanine level of the refurbished Meteor theatre. Council has recently completed renovations on the building including major capital works on the mezzanine level for the incubator, and Wintec has undertaken the fit-out of the mezzanine to complete its transformation into an interactive open-plan contemporary workspace.

Council and Wintec jointly recognise the value of developing Hamilton as vibrant creative city and are fundamentally aligned in objective of expanding the creative industries sector.

Hamilton Mayor Bob Simcock says that SODA Inc. represents a significant delivery on the intent of the city's Economic Development Strategy as one of its flagship projects.

"The city's Economic Development Strategy is founded on principle that it takes strategic and collaborative partnerships to sustain economic success. SODA Inc. represents an exciting creative opportunity and is an inspired collaborative initiative. Nurturing local talent in an environment which provides unprecedented networking opportunities, cross pollination of industry and encourages sharing of stimulating new ideas is a bold step towards developing an enterprise culture for the city.

“I'm pleased that Council can play its part in providing the best physical environment in which this can take place, and which will ultimately contribute to a more successful business environment for the city.

“We are also very pleased that Council has the opportunity to partner with Wintec to make this new business enterprise a reality and I look forward to seeing the unique creative industries businesses that emerge from the incubator.”

Wintec CEO Mark Flowers said the launch of SODA represented more than four years of extensive research and development.

“Wintec wants to take an active leadership role in helping to strengthen the local community and to contribute to the economic growth and social development of the city. Council also fully recognises the important role that the creative industries play in local economic development, city heart revitalisation, and the development of the city’s culture and identity.

"Both organisations have subsequently embedded a commitment to SODA in thier strategic development plans, so quite simply this collaboration must be regarded as an exemplar nationally.”

The new SODA Inc. Board met late yesterday afternoon and agreed the next steps, which include the recruitment of the General Manager and initial anchor tenants.

ENDS

© Scoop Media

 
 
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

Gordon Campbell: On DHB Deficits And Free Trade

Currently the world is looking on aghast at the Trump administration’s plans to slash Obamacare, mainly in order to finance massive tax changes that will deliver most of their gains to the wealthy. Lives will be lost in the trade-off. Millions of Americans stand to lose access to the healthcare they need.

Spot the difference with New Zealand, where DHBs are under intense pressure to reduce deficits within a climate of chronic underfunding. More>>

 
 

Greens' Response: Slum-Like Rentals Exposed In Renting Review

“...The grim findings of the review are a wakeup call about the true state of rentals in this country. Too many renters are festering in slum-like conditions under the thumb of landlords who have largely unchecked powers and ignore tenants’ complaints when it suits them.” More>>

ALSO:

Gordon Campbell: On The Life And Times Of Peter Dunne

The unkind might talk of sinking ships, others could be more reminded of a loaded revolver left on the desk by his Cabinet colleagues as they closed the door behind them, now that the polls in Ohariu had confirmed he was no longer of much use to National. More>>

ALSO:

Gordon Campbell: On Labour’s Campaign Launch

One of the key motifs of Ardern’s speech was her repeated use of the phrase – “Now, what?” Cleverly, that looks like being Labour’s response to National’s ‘steady as it goes’ warning against not putting the economic ‘gains’ at risk. More>>

ALSO:

Lyndon Hood: Social Welfare, Explained

Speaking as someone who has seen better times and nowadays mostly operates by being really annoying and humiliating to deal with, I have some fellow feeling with the current system, so I’ll take this chance to set a few things straight.. More>>

ALSO:

Deregistered: Independent Board Decision On Family First

The Board considers that Family First has a purpose to promote its own particular views about marriage and the traditional family that cannot be determined to be for the public benefit in a way previously accepted as charitable... More>>

ALSO:

Transport Policies: Nats' New $10.5bn Roads Of National Significance

National is committing to the next generation of Roads of National Significance, National Party Transport Spokesperson Simon Bridges says. More>>

ALSO:

 
 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

Featured InfoPages

Opening the Election