Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 


Christchurch’s Own ‘Silicon Valley’ Opens


Media Release

Christchurch’s Own ‘Silicon Valley’ Opens

Christchurch, 22 November – A bold Silicon Valley style business hub located on the edge of the Red Zone opened its doors today. The opening is a return to the CBD for previously displaced high growth technology companies and is set to position Christchurch as an international centre for high-tech innovation.

Designed to stimulate growth of tech SMEs in central Christchurch, the Enterprise Precinct and Innovation Centre (EPIC) business innovation hub was opened by Minister for Economic Development and Science and Innovation, Hon Steven Joyce.

EPIC owes its existence to the ingenuity and drive of two Christchurch tech entrepreneurs, Wil McLellan and Colin Anderson, structuring and funding packages from BNZ, NZTE and MSI and land donated by Christchurch City Council. The project was underwritten by the Canterbury Business Recovery Trust.

It will be home to 17 growing, predominantly export-focused high-tech companies.

BNZ Director-Retail Andy Symons says EPIC will change the game for businesses in Christchurch and reinforce the city’s reputation as a technological hub

“To see this dream become reality is nothing short of a phenomenal achievement. It is great news for Christchurch businesses- especially the tech community - which can now reconnect and work together in new and exciting ways, advancing innovation and learning from each other.

“Every single thing about this project is innovative, from its conception and funding, to the way that sponsors and supporters came together, and the building’s construction. And this is why EPIC is a natural project for BNZ to be involved in – this is how we do business.”

Co-founder Wil McLellan says more than 30 companies were involved in ensuring the vision for affordable collaborative space became reality.

“EPIC attracted supporters from central and local government, sponsors from the corporate world and was met with tremendous enthusiasm from tenants. We are looking forward to seeing how the EPIC environment helps foster business growth and collaboration across Christchurch and wider New Zealand.

“EPIC will put Christchurch on the map as a world-class innovation centre.”

BNZ funded a significant portion of the upfront development costs with a bespoke commercial funding arrangement whereby the majority of the project costs will be progressively paid back through rentals and grants once it’s up and running.

EPIC is the latest in a long list of initiatives from BNZ designed to aid the growth of business in New Zealand. These include the bank’s 33-strong national network of Partners Business Centres, the Small Business Hub offering seven-days-a-week access for small business owners, and monthly Connect events which provide much needed networking and support to owner-operators nationwide.
CBRT Executive Director Louise Edwards says the EPIC development will bring huge benefits not just to its tenants but to the wider Canterbury economy.
“The EPIC development is helping Christchurch take its place on the international stage while injecting positivity and possibility into our city and its business community,” says Ms Edwards.
The Christchurch City Council has provided the land at no cost for five years. Supporting organisations include: Murray & Co, Duncan Cotterill, Warren & Mahoney, Colliers International Canterbury Development Corporation, Octa, Timbercore, Deloitte, PWC, Industrial Research and Cera.

ENDS
For further information please contact:
Emily Davies, External Relations Manager, BNZ
T. 09 924 8658 M. 021 815 149 E. emily_davies@bnz.co.nz

Note to editors:
Summary Outcome
• 17 ICT companies will share the campus based on Manchester St, between Tuam and St Asaph Streets, the site previously known as the Para Rubber site.
• The CCC has generously provided the land at no cost for five years and provided fantastic support for the project.
• BNZ has provided flexible project financing and also leveraged an insurance solution into the site. BNZ will also have naming rights for the campus.
• Timbercore built a large Wooden Span building with a mezzanine floor.
• Octa carried out the Project Management role.
Tenant Listing

1. Astron Media
2. BNZ
3. Brush Technology
4. Cerebral Fix
5. Concentrate
6. Effectus
7. Fraame
8. Hand Multi-media
9. Industrial Research (IRL)
10. Left Click
11. Memia
12. Paua Productions
13. Pilot Consulting Group
14. RPM Retail
15. SLI Systems
16. Spore Tools
17. Stickmen Studios
18. Treshna Enterprises

ends

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Housing Policy: Auckland Densification As Popular As Ebola, English Says

Finance Minister Bill English said calls by the Reserve Bank Governor for more densification in Auckland’s housing were “about as popular in parts of Auckland as Ebola” would be. More>>

ALSO:

Crown Accounts: NZ Government Deficit Smaller Than Expected In First Half

The New Zealand government's operating deficit was smaller than expected in the first six months of the financial year, as the consumption and corporate tax take rose ahead of forecast in December, having lagged estimates in previous months. More>>

ALSO:

Fruit & Veg Crackdown: Auckland Fruit Fly Find Under Investigation

The Ministry for Primary Industries (MPI) is investigating a find of a single male Queensland fruit fly in a surveillance trap in the Auckland suburb of Grey Lynn... MPI has placed legal controls on the movement of fruit and some vegetables outside of a defined circular area which extends 1.5km from where the fly was trapped in Grey Lynn. More>>

ALSO:

Scoop Business: Westpac NZ Reaches $2.97M Swaps Settlement

Westpac Banking Corp’s New Zealand unit has agreed to pay $2.97 million in a settlement with the Commerce Commission over the way the bank sold interest rate swaps to farmers between 2005 and 2012. More>>

ALSO:

Going Dutch: Fonterra Kicks Off $144M Partnership With Dutch Cheese Maker

Fonterra Co-operative Group, the world’s largest dairy exporter, has commissioned a new dairy ingredients plant in Heerenveen, in the north of the Netherlands, its first wholly-owned and operated ingredients plant in Europe. More>>

ALSO:

Scoop Business: NZ Retail Sales Beat Estimates

New Zealand retail sales rose more than expected in the fourth quarter, led by vehicle-related transactions, food and beverages, adding to evidence that cheap credit and a growing jobs market are encouraging consumers to spend. More>>

ALSO:

Delivery Cuts Go Ahead: 'Government Money Grab' From NZ Post

"It's a money grab by the Government as the shareholder of New Zealand Post" says Postal Workers Union advocate Graeme Clarke about the changes announced by NZ Post. More>>

ALSO:

Get More From Scoop

 
 
Standards New Zealand

Standards New Zealand
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news