The first stage of a $20 million hub for innovative businesses has opened on Auckland's waterfront.
GridAKL, a public-private partnership between Auckland Council-controlled organisations Waterfront Auckland, Auckland Tourism, Events and Economic Development (ATEED) and operators The Icehouse and Bizdojo, opened its doors this afternoon.
The project's first tenants include small technology start-ups and ATEED's central business team, although the focus is on ITC and digital media companies.
The site was created by the Auckland Council to house businesses, export agencies and business accelerator services in one area.
Bizdojo partner Nick Shewring said the first stage of the development was nearly 70 per cent occupied.
GridAKL could adapt as businesses grew or wound down projects. This flexibility made it attractive to start-ups that expanded rapidly, Shewring said.
The Icehouse director of start-ups Ken Erskine said it was an ideal environment where sharing space encouraged the sharing of ideas and collaboration.
The business centre is a key element of Waterfront Auckland's plan for gentrifying the Wynyard Quarter area of Auckland's central business district and follows high-profile companies like ASB moving to the precinct.