The Wynyard Quarter Innovation Precinct. Snappy name, snappy aim.
"The Wynyard Quarter Innovation Precinct will bring together, in one place, innovators, research and development providers, as well as organisations specialising in bringing new products to market," Auckland mayor Len Brown said today.
A host of government agencies, including Auckland Tourism, Events and Economic Development Ltd and Waterfront Auckland, have been tasked with working together to develop the business case for the hub, with a plan expected to be presented by March 2012.
The facility will house business incubators, research and development institutions, and business development providers.
According to science and innovation minister Wayne Mapp, the precinct will connect entrepreneurs and businesses to international investors and partners and act as a landing pad for overseas investors looking to find New Zealand knowledge-intensive companies.
“It ties in with other high-tech industry support, such as the IT Entrepreneurial scheme, our commercialisation initiatives, and the range of business grants such as Tech NZ,”Mapp said.
“The Wynyard Quarter Innovation Precinct will help New Zealand to grow world-class innovative companies. This is creating the wealth and jobs that we need for our future."
Brown said Auckland needs to export more in order to grow.
“Auckland has stunning examples of innovation that our high growth markets are willing to pay a premium for."
He said the benefits of the precinct will be felt well beyond central Auckland.
“Technology is one of our fastest growing sectors and as it grows it will upskill our population through demand for university and training institute courses."
It would naturally focus on adding value to the high-tech sector, notably IT, digital content creation and marine technology, he said.
“As these sectors grow, Auckland's reputation will grow. This means retaining talented Aucklanders while attracting talented people from overseas who want Auckland's internationally recognised quality of life."