The Auckland waterfront is set to become the home of an innovation and research hub that will “connect entrepreneurs and businesses to international investors and partners”, it has been announced.
Science and Innovation Minister Wayne Mapp and Auckland Mayor Len Brown unveiled the plans for The Wynyard Quarter Innovation Precinct this afternoon.
Dr Mapp says the precinct will be a “world-class facility… that will bring together, in one place, innovators, research and development providers, as well as organisations specialising in bringing new products to market.”
It will house business incubators, research and development institutions, and business development providers, the Minister says.
“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.”
He says it will be a “landing pad” for overseas investors to connect with New Zealand companies.
Mr Brown says that in order for Auckland to grow, Auckland needs to export and the benefits of the precinct will be felt well beyond central Auckland.
“Auckland has stunning examples of innovation that our high growth markets are willing to pay a premium for,” Mr Brown says.
“Technology is one of our fastest growing sectors and as it grows it will up-skill our population through demand for university and training institute courses.
“The Precinct will naturally focus on adding value to the high-tech sector, notably ICT, digital content creation and marine technology.”
The Mayor says that the centre will build Auckland’s reputation and help retain New Zealanders.
The final business case for the precinct is expected by March 2012 and if the green light is given, the first buildings are expected to open two years after that.
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