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

 

Media: Fairfax Moves To Create Modern Newsroom

Fairfax Media New Zealand continues its newsroom transformation this week, with a proposal to further organise its editorial operations into focused, local teams and specialist national topic areas. More>>

ALSO:

Dairy: Fonterra Forecast For 2015/16 Season

Fonterra Co-operative Group Limited has today reduced its forecast Farmgate Milk Price for the 2014/15 season to $4.40 per kgMS. Along with its previously announced forecast dividend range of 20-30 cents per share, the change amounts to a forecast ... More>>

ALSO:

BusinessDesk: SkyCity Lifts Minimum Convention Centre Investment To $430M

SkyCity Entertainment Group, the casino operator, has lifted the minimum it will invest in the Auckland International Convention Centre to $430 million and said total costs including land may be $450 million to $470 million. More>>

Statistics: Drop In Dairy Prices Leads Fall In Exports

Total goods exports fell $240 million (5.5 percent) to $4.2 billion in April 2015 compared with April 2014, Statistics New Zealand said today. More>>

BusinessDesk: APN's NZME Sees Future In Paywalls, Growth In Digital Sales

APN News & Media has touted a single newsroom concept for its NZME unit in New Zealand, similar to what Germany's Die Welt uses, saying an 'integrated sales proposition' is helping it win market share, including ... More>>

Labour Party: Global Milk Prices Now Lowest In 6 Years

The latest fall in the global dairy price has brought it to the lowest level in six years and shows there must be meaningful action in tomorrow’s Budget to diversify the economy, says Labour’s Finance spokesperson Grant Robertson. “Dairy prices ... More>>


BusinessDesk: NZ Inflation Expectations Creep Higher In June Survey

May 19 (BusinessDesk) - New Zealand businesses lifted their expectations for inflation over the next two years, sapping any immediate pressure on the Reserve Bank to cut interest rates, and prompting the kiwi dollar to jump higher. More>>

BusinessDesk: Lower Fuel Costs Drive Down NZ Producer Input, Output Prices

May 19 - Producer input and output prices fell in the first quarter, mainly reflecting lower fuel costs and weakness in prices of meat and dairy products. More>>

Media: Fairfax Media NZ Announces Senior Editorial Team

Fairfax Media New Zealand has today confirmed its new editorial leadership team, as part of a transformation of its newsrooms aimed at enhancing local and national journalism across digital and print. More>>

Science: Flavonoids Reduce Cold And Cough Risk

Flavonoids reduce cold and cough risk Research from the University of Auckland shows eating flavonoids – found in green tea, apples, blueberries, cocoa, red wine and onions – can significantly reduce the risk of catching colds and coughs. The research, ... More>>

BusinessDesk: RBNZ House Alert Speech The Catalyst For Government Action

Prime Minister John Key all but conceded that pressure from the Reserve Bank of New Zealand for concerted action on rampant Auckland house prices was one of the main catalysts for the government's weekend announcements about tightly ... More>>

BusinessDesk: How To Fall Foul Of The New Housing Tax Rules: Tips From IRD

Just because you rented out your investment property doesn't absolve you from paying tax, says the Inland Revenue Department in a summary of commonly made mistakes by non-professional property investors when it comes to their tax liability.More>>

Legal: Superdiversity Law, Policy And Business Stocktake Announced

Mai Chen, Managing Partner at Chen Palmer New Zealand Public and Employment Law Specialists and Adjunct Professor of Law at the University of Auckland, today announced the establishment ... More>>

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news