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

 

Launch of Hamilton's Creative 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 The Epic Fails Of Kris Faafoi


Ever since Winston Peters first breathed life into this government in 2018, its own branding has been all about social justice and how we all need to be “kind” to each other. Somehow, Kris Faafoi must have missed the memo. His performance in the immigration portfolio (in particular) has neither been kind nor just, especially to the migrants whose skills New Zealand will need to get us through Covid, and grow the economy into the future... More>>

Covid-19 & Government: Government Green Lights Rapid Antigen Testing


Some of the country’s largest businesses have put in an order for 300,000 approved rapid antigen tests for their workforce, after working at pace with the Government on a new scheme unveiled by Associate Minister of Health and Research, Science and Innovation Ayesha Verrall... More>>


ALSO:




 
 


Government: Opportunity To Shape NZ’s First Emissions Reduction Plan
The Government is inviting New Zealanders to inform the country’s first Emissions Reduction Plan with the release of a consultation document containing a range of policy ideas to decrease the country’s emissions, Prime Minister Jacinda Ardern and Climate Change Minister James Shaw announced today... More>>

ALSO:


Government: Books Show Resilient And Strong Economy
The end of year audited Crown accounts released today show the Government’s health led approach to the COVID-19 pandemic has protected New Zealand’s economy. “On almost every indicator the accounts show that the New Zealand economy has performed better than forecast... More>>


Healthcare: Health System Is Ready For Assisted-dying Law
The health system is ready for the implementation of the End of Life Choice Act when it takes effect next month, making assisted dying legal in New Zealand, Health Minister Andrew Little said today... More>>

ALSO:



Government: Mandatory Vaccination For Two Workforces

Large parts of two workforces critical to preventing the spread of COVID-19 will be required to be vaccinated, COVID-19 Response Minister Chris Hipkins said today. “Our education and health and disability workforces have done an incredible job throughout this pandemic to keep themselves and people safe,” Chris Hipkins said.... More>>


Green Party: Deeply Concerned Space Launches May Be Breaching Nuclear-free Laws

The Green Party is deeply concerned that space launches by Rocket Lab may be breaching nuclear-free laws, given our long-standing position as a signatory of the Nuclear Non-Proliferation Treaty... More>>



Children's Commissioner: Call For Mandatory Vaccination Of Children’s Workforce
The Children’s Commissioner and Assistant Māori Commissioner are calling for a plan for the mandatory vaccination of teachers and the entire children’s workforce in New Zealand... More>>


 
 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

InfoPages News Channels