The NSW Government is committed to creating the biggest technology hub of its kind in Australia. Tech Central will provide up to 50,000 square metres of affordable space for startups and scaleups in the heart of Sydney — a location with great heritage, vibrancy, culture and activity, supported by excellent transport to Greater Sydney, rural and regional NSW and into international markets.
Sydney is firmly positioned within the world top 10 cities and is one of the world's most liveable cities. Located 1.5 km from the centre of the Sydney CBD and 8 km from Sydney Airport, the prospective Tech Central area is located in southern Central Sydney.
With a rich manufacturing and industrial heritage, an established creative cluster and an active community, the area has a strong and established entrepreneurial spirit.
With an initial funding package of $48.2 million to kick-start Tech Central’s development and the backing of Atlassian, Australia’s leading tech giant, this unique location will position Sydney and NSW as a forward-thinking location ready for advancement
The Central Precinct Renewal is a major urban renewal program in one of Sydney’s most connected sites led by Transport for NSW. Located within the northern end of Tech Central, the Central Precinct Renewal will revitalise the southern end of the Sydney CBD to create a world class transport destination. The Central Precinct Renewal will make it a draw for global talent and a place where Australia’s thought-leaders love to work, collaborate and foster the jobs of the future.
Development of the 24 hectare-plus rail corridor between Central and Eveleigh, under a separate procurement process being led by Transport for NSW, will also help unlock new commercial land and opportunities for companies and institutions, including technology companies.
The Sydney Innovation and Technology Precinct Panel Report sets out what the Panel, chaired by Jobs for NSW Chair, David Thodey AO, recommended for the NSW Government and its precinct partners to consider in developing the innovation and technology precinct.
25,000 additional innovation jobs.
250,000 square metres of net lettable floorspace for technology companies, of which 50,000 square metres of net lettable floorspace will be available as affordable work space for startups and early-stage companies.
100 new scaleup companies.
25,000 new students, with a focus on STEM and life sciences.
Top five global ranking for industry-university collaboration.
15 year plan for Tech Central commencing immediately.
There are eight criteria common to successful innovation precincts around the world. Tech Central ticks the box for all eight.
Scale & ambition
Tech Central, through its central Sydney location, has access to Australia’s strongest demand for goods and services, healthy competition and access to international markets.
Spatial & economic connectivity
Physical, digital and transport infrastructure are crucial to support research, innovation activity and business connectivity. Tech Central benefits from easy access to transport infrastructure, including Central and Redfern railway stations, CBD & South East Light Rail and is 15 minutes to Sydney Airport.
Facilities and programs are important to support collaboration between diverse organisations. World-leading institutions within the area, including the University of Sydney, University of Technology Sydney, the Royal Prince Alfred Hospital and CSIRO’s Data61, are actively looking to further collaborate with business on joint research, graduate and talent programs, and commercialisation opportunities.
Impetus for Government intervention
Robust governance, strong leadership, political commitment, a shared vision and a long-term plan will help establish, shape and drive Tech Central forward.
The area is recognised as an attractive and vibrant place to live and visit. It has extensive arts, culture and creative industries and facilities. Heritage buildings add to the area’s culture and character.
A clearly defined market advantage and strong branding attract and retain talent and investment. Tech Central is located in an attractive urban environment with signature heritage elements in Sydney’s downtown.
A strong entrepreneurial culture of risk-taking, collaboration and sharing ideas is a drawcard to other industry participants and will attract investment.
Innovation and knowledge
Universities and other key educational institutions that produce the quality and type of talent and exchange of ideas that fosters innovation and the rapid expansion of industry, trade and investment.