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GridAKL, Tāmaki Makaurau Auckland's premier innovation hub, is celebrating a remarkable decade of nurturing the region's tech ecosystem with new impact figures revealing a $424 million annual contribution to Auckland's economy.
For investors seeking high-growth opportunities in New Zealand's technology sector, these impressive figures underscore the significant returns available within Auckland's innovation ecosystem. The milestone highlights the transformative role the Tātaki Auckland Unlimited (TAU) initiative has played in positioning Auckland as a leading innovation destination.
Economic impact reaches new heights
A comprehensive 10-year impact assessment commissioned by TAU and conducted by Beca reveals GridAKL's substantial economic footprint:
- $424 million in annual GDP contributions to Auckland's economy
- $33 million in additional economic value enabled by TAU's investment
- $134 million generated through indirect and induced economic effects
- 10 per cent annual job growth in the Wynyard-Viaduct area since 2015
- Employment increased from 17,000 to 30,000 jobs
Ecosystem driving business growth
What began as an ambitious concept has evolved into a cornerstone of Auckland's innovation landscape:
- 140 businesses across GridAKL's network
- More than 900 employees within the innovation hub
- Two key locations: startup hub at 101 Pakenham Street West and scaleup hub at 12 Madden Street
What started as a single building has grown into an expansive innovation network that's helping to reshape Auckland's economy
says Tātaki Auckland Unlimited Economic Development Director, Pam Ford.
Regional expansion and international connections
GridAKL's success has catalysed expansion across Tāmaki Makaurau with targeted innovation hubs including GridMNK in Manukau, ReserveTMK in Glen Innes, Click Studios in Avondale, and Te Puna Creative Innovation Hub in Te Kōpua Henderson.
The hub has established strategic partnerships that open doors for Auckland businesses while attracting international investment through collaborations with Denver Economic Development & Opportunity, Australia's Stone & Chalk, and Startup Fukuoka in Japan.
Future focus
Looking ahead, GridAKL is evolving into a complete technology ecosystem that scales companies for global success, focusing on innovations that create positive impact while strengthening international investment pathways
says Tātaki Auckland Unlimited Head of Tech Economy, Marissa Brindley.