AnnuAl REPORT 10/11 - Grow Wellington
AnnuAl REPORT 10/11 - Grow Wellington
AnnuAl REPORT 10/11 - Grow Wellington
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The activities and measures below are a report on the Statement of Intent Measures. In many cases the activities are short<br />
term even though the projects are long term. For this reason a subjective comment is given reflecting the long term progress.<br />
Poor: The measures have not<br />
been achieved =<br />
CentRes OF<br />
exCellenCe<br />
statement OF intent measuRes 20<strong>10</strong>/<strong>11</strong><br />
agreed activities agreed measures measures status as at 30.06.<strong>11</strong><br />
Digital Digital Innovation Hub<br />
(DIH) precinct developed<br />
around education, scoring<br />
studio and incubator<br />
businesses<br />
The Digital Innovation<br />
Hub provides deal flow<br />
for Angel HQ<br />
2,000 sqm of DIH<br />
occupied by commercial<br />
players<br />
Four deals presented to<br />
Angel HQ<br />
The Digital Innovation Hub project was refocused to<br />
deliver business support that enhances <strong>Wellington</strong>’s<br />
position as a Screen and Digital Centre of Excellence<br />
rather than invest in property to house that activity<br />
education: The business case was developed,<br />
financing raised and academic approvals granted for<br />
a post-graduate programme of Computer Graphics<br />
at Victoria University, in conjunction with the Ministry<br />
of Science and Innovation and businesses active<br />
in the screen industry. The undergraduate feeder<br />
programme for the Computer Graphics Programme<br />
(that will provide graduates for the course and relates<br />
to education activity for Digital and Screen) has<br />
already been delivered<br />
scoring stage: <strong>Grow</strong> <strong>Wellington</strong> has restricted its<br />
involvement in the development of a Scoring Stage<br />
while proposals await central government funding<br />
decisions<br />
incubator Businesses: A co-working space (BizDojo)<br />
was developed and launched in central <strong>Wellington</strong><br />
for independent workers and small businesses in the<br />
creative Information & Communications Technology<br />
sector. This facility will accommodate up to 45<br />
companies. It opened with <strong>10</strong> resident companies in<br />
July 20<strong>11</strong><br />
With the shift in focus to industry activities rather<br />
than the original Digital Innovation Hub concept no<br />
deals have been presented to Angel HQ. Investment<br />
continues to be a priority however. In line with this, a<br />
private US$500m film, television and video gaming<br />
investment fund raising process has been initiated<br />
with involvement from <strong>Grow</strong> <strong>Wellington</strong>. Once the<br />
fund is established an appropriate deal flow structure<br />
will be setup<br />
The Digital Strategy was reviewed in 20<strong>10</strong> with the result that the activities were refined and these have been implemented<br />
well. The establishment of a Computer Graphics course, the implementation of BizDojo and the successful investment work<br />
have all exceeded expectations. The overall strategy is on track<br />
Overall performance: Positive<br />
adequate: Some of the measures<br />
have been achieved =<br />
Positive: The measures have been<br />
achieved =<br />
25
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