Tech Central - Sydney

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Tech Central Sydney

Tech Central Sydney is an innovation district located on the Southern Fringe of the Sydney Central Business District. The district encompasses approximately 6 square kilometres. and takes in the neighbourhoods of Ultimo, Haymarket, Surry Hills, Redfern, South Eveleigh, Chippendale and Camperdown.

History

Starting points for Tech Central

The early development of the Tech Central concept commenced in 2018. A task force was formed initiated by the NSW Government and Chaired by former Telstra CEO David Thodey. Key members of this task force included Scott Farquhar of Atlassian. This initiative was to work towards establishing "the State's first designated 'technology and innovation precinct' "

Sydney Innovation and Technology Precinct Panel Report - Released in 2018

This taskforce put forward a detailed report and set of recommended goals to inform the development of this precinct. These goals include:

• 250,000 square metres of NLA floorspace for Technology Companies, of which
• 50,000 square metres of NLA floorspace will be available as affordable workspace for startups and early stage companies
• Signed agreements with a minimum of Five anchor tenants by 2020
• 25,000 additional innovation jobs
• 25,000 new students, with a focus on STEM and life sciences
• 100 new scaleup companies
• A 15 year plan for the precinct
• A Top Five ranking for Industry-University Collaboration

In an announcement undertaken in March of 2019 the NSW Government and Atlassian Confirmed that Atlassian will bring its headquarters to Central. This confirmed a statement of intent between the NSW Government and Atlassian.

Atlassian as an Anchor Organisation

In June 2020 Atlassian Confirmed plans to build the world tallest hybrid timber building in Tech Central. The building is planned to be 40 stories tall based on a design by New York based SHoP Architects and Australian firm BVN Architecture. The building will incorporate the historic Inwards Parcel Shed and be built immediately adjacent to Sydney's Central Station.

The Australian Financial review reported "Atlassian will be the major tenant, with 4000 staff in the tower that is likely to be owned fully or partly by a third-party investor. The YHA will take up lower floors to accommodate 480 beds and the parcels shed, which currently functions as a YHA backpackers' hostel, will be converted into public space"

Spaces for Startups and Scaleups

Tech Central has seen the establishment of a number of specialist spaces for suppporting startups and scaleups including:

• The Quantum Terminal - a space located in the iconic Central Terminal building with a focus on supporting Quantum Technology startups. Initial Tenants included Q-CTRL, Sydney Quantum Academy and Quantum Brilliance.
• The Tech Central Scaleup Hub by Stone and Chalk - a space dedicated to supporting the needs of scaling technology businesses

Innovation District Insights

in 2022 the NSW Government and Stakeholders released a first detailed prospectus on Tech Central outlining is key sectoral capabilities and statistics.

https://www.investment.nsw.gov.au/assets/tc-prospectus-0623.pdf

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