Taiawa Tech Hub has delivered a $14.4 million boost to Wellington’s regional economy and supported 148 jobs in its second year, according to independent analysis by Infometrics.
The result is up from $11.9 million in GDP and 127 jobs the previous year, representing a 21 percent increase in economic output.
The hub supports high-value technology businesses to scale, develop talent and expand into global markets.
Many of the companies based there produce software and digital platforms, allowing them to grow without relying heavily on traditional supply chains or infrastructure.
Wellington Mayor Andrew Little said the early results showed the value of backing local innovation.
“Taiawa shows the power of backing local innovation. These businesses are creating high-value jobs, attracting talent and building globally competitive ideas right here in Wellington,” Mayor Little said.
“This is the kind of economic growth we want to see more of, innovative, high-value and anchored in our region.”
Taiawa was established under Wellington’s Regional Economic Development Plan to support high-growth companies to collaborate, innovate and scale.
It is based at Te Herenga Waka, Victoria University of Wellington’s Pipitea campus, and is supported by Wellington City Council.
WellingtonNZ chief executive and Regional Economic Development Plan Steering Group chair Mark Oldershaw said the hub was helping to diversify the economy and strengthen the region’s tech ecosystem.
“To see $14.4 million in GDP and 148 jobs supported in just its second year shows real momentum. These companies are not only growing locally but building the capability to compete globally from Wellington,” Oldershaw said.
“As Taiawa marks its second anniversary, the results highlight the value of long-term investment in innovation-led economic development.”
Resident companies have also recorded strong commercial results, including the $24 million acquisition of Factor by Gentrack, expansion into the United States, United Kingdom, Germany and Australia, and Storbie’s growth in the United States from three to 250 customers.
Taiawa businesses operate across software, artificial intelligence, cybersecurity, biotechnology, climate tech, fintech and energy technology.
The hub also supports collaboration between industry, academia and government, helping businesses access talent, investment and specialist expertise.
Incoming Vic Vice-Chancellor Professor Bryony James said Taiawa was a strong example of city and university collaboration.
“Taiawa is home to tech startups that combine global ambition with local connection, so it is a perfect fit for a collaboration between the city and the university,” Professor James said.
“It’s no surprise to us to see the hub’s exceptional regional growth and impact.”
