creating christchurch's innovation precinct - epic and beyond
DESCRIPTION
IITP Canterbury Branch event held 27 September 2012 - http://www.iitp.org.nz/events/canterbury/644-Creating_Christchurch_s_Innovation_Precinct_-_EPIC_and_BeyondTRANSCRIPT
Crea%ng Christchurch's Innova%on Precinct -‐ EPIC and Beyond
Tonight’s Panel
• Colin Andersen -‐ Chairman of the Board of Directors of Epic Christchurch Ltd
• Tim Trewinnard -‐ Sector Leader -‐ Technology at Canterbury Development CorporaBon (CDC)
• Apologies from Rob Lawrence -‐ Technology & MarkeBng Development Consultant at Canterbury Employers' Chamber of Commerce
Christchurch’s Innovation Precinct
IITP Canterbury September 2012
Colin Anderson
Tim Trewinnard
1. The space enclosed by the walls or other boundaries of a particular place or building, or by an imaginary line drawn around it.
2. A district defined for the purposes of government or representation …
3. A part of a town or community designated for a special purpose;
Oxford English Dictionary, 1989
What is a Precinct?
The History of Precincts
* First discussed by Alfred Marshall in 1890. He identified four benefits:
* Knowledge spill over * Access to a common pool of factors of production * Facilitation of specialisation within supply chains * Ease of ‘comparison shopping”
Agriculture and Natural Resources
High Value / Knowledge Intensive Manufacturing
ICT
Health
IRL
EXAMPLES: TAIT COMMUNICATIONS SCOTT TECHNOLOGY MACE ENGINEERING
HAMILTON JET TALBOT PLASTICS
PVL
UC
AGRESEARCH
PLANT & FOOD
LVL LINCOLN
EXAMPLES: SYNLAIT
FONTERRA WESTLAND
UC
FISI
CPIT
NIWA
LANDCARE
SIHIH
HEALTH PRECINCT
OTAGO
EXAMPLES: JADE
HEWLITT PACKARD ALLIED TELESIS
TRIMBLE TELOGIS AURECON
DYNAMIC CONTROLS
EXAMPLES: DHB EBOS ORION EMENDO
SCION
Blue: educaBon Yellow: CRIs Red: major businesses Green: funders / incubators
UC
ESR
EPIC
First principles for a successful innovation hub1:
1. There should be clear, common and shared purposes and strategic intent.
2. Major precinct proponents should be able to articulate and subscribe to core operating values.
3. Demonstrated potential for added value. There is a greater benefit for a participant from co-‐location.
4. Transaction and co-‐ordination costs should be lower within a precinct . A sustainable precinct must combine investments in both innovation stocks and innovation flows.
Combining Precincts and Innovation
1. The role of precincts in innovation systems – a discussion paper, T Cutler, 2009
Combining Precincts and Innovation
5. Generic program or policy design.
6. Some ‘natural’ market organiser or ‘curator’.
7. Mechanisms to ensure on-‐going motivation through champions and achievement.
1. The role of precincts in innovation systems – a discussion paper, T Cutler, 2009
EPIC Sanctuary & Sigma Overview
* Christchurch earthquakes devastation of the CBD was a catalyst for action.
* Many displaced companies with a compelling need to find premises.
* Strong desire to do something positive in recovery and not just make do!
* Unprecedented opportunity to create an iconic business environment.
* The EPIC initiative was born:
“Enterprise Precinct and Innovation Campus”
* Led by Colin Andersen and Wil McLellan
A call to Action
Vision (Short term)
EPIC Sanctuary Build Progress
Timber frames going up Structure 50% erected (Jun 20)
EPIC Sanctuary as at Sep 19th 2012
Manchester St View Tuam St View
Nearly there – tenant fit-‐outs currently underway
* CCC land deal – free lease over 5 years * Build cost total $4.0M * NZTE contributed $900k over 3 years * MSI contributed $900k over 3 years * BNZ loan of $4.0M * Tenant lease agreement signed over 5 years * Loss of rents insurance for 12 months * Underwrite for tenant rent, cover for $300k per year * Underwrite for earthquake insurance excess $250k * Building buy back after 5 years -‐ $0.5M
Note: $500k of pro-‐bono professional services work
EPIC Sanctuary Funding
EPIC Sanctuary Sponsorship
Company Supplied Goods/Services
CCC Landscaping (front & back)
Cisco Wireless Network infrastructure
Cisco Video conference solution
Orion Transformer cost subsidy
2 degrees Bike racks and parking area
Kitchen Trends Shared Kitchen fit-‐out
Noel Leemings Kitchen appliances
Bishop Interiors Meeting room tables & chairs
Weta Workshops Artwork within campus
Oasis Hire Plants Internal Plants in campus
Overall $250,000 of direct of sponsorship value
EPIC Sigma Where to from here?
EPIC Sigma Vision
Vision (Long term)
* Commercial business hub comprising innovation, ICT, high-‐tech enterprise based businesses/tenants.
* Industry, agency & education hub comprising groups co-‐locating in innovation campus.
* Ancillary facilities and uses – start-‐up & extension bizhub, partner centre, conference theatre connected globally…
* A unique opportunity to work smarter, more efficiently and lift the bar on a global scale.
EPIC Sigma – The Essence
* 70-‐100 High Growth Potential Companies (2000+ staff)
* Focus Industries for NZ – Innovation and High Tech
* Business efficiency through shared services
* Business effectiveness through collaboration
* Enable growth by providing safe, affordable, inspirational facilities to attract/retain talent and investment.
* Reduced flight of high-‐tech businesses from ChCh
EPIC Sigma – The Opportunity
* Engage with Govt and Educational institutions to foster ongoing innovation and collaboration.
* Modular campus design to spread cost and enable growth
* Learn from world leaders in this space e.g. Google
* Energise the heart of the city
* Establish NZ as a centre for world class innovation
* Increased high-‐tech exports for ChCh and NZ
EPIC Sigma – The Opportunity
Phase 1 -‐ Land * Land option -‐ ability to access land for EPIC Sigma…
Phase 2 – Pre commitment * Design/specification, consents, tenant pre-‐commitment,
funding, construction contract…
Phase 3 – Construction & Delivery …
EPIC Sigma – Project Phases
* Extensive & evolving tenant interest (anchor group) * Engaged with CERA/CCDU/CDC/CCC/University/CPIT…
* Active discussions with Google globally
* Engaging with land owners
* Warren & Mahoney compiling concept plans
* Establishing corporate, governance, advisory, stakeholder structures and approach.
* Seed funding initial work, developing longer term project funding and investment structure.
* Currently seeking Independent Chairman
EPIC Sigma – Current Status
Thank You – Questions?
How can the IT Industry in Christchurch get more involved?
We aim to hold follow-‐up events
How can the IT Industry in Christchurch get more involved?
Info and ideas can be posted to this open LinkedIn Group