2018-03-01 Special Meeting Agenda

SPECIAL MEETING AGENDA                                                             1 MARCH 2018


build the community. The facility will be a curated space primarily focused on established and
emerging technology enterprises with an emphasis on accelerating business and employment
growth. It is:
    a major Council investment in infrastructure to accelerate economic and employment
      growth in the technology sector;
    a location where technology enterprises can benefit from a curated and collaborative
      environment;
    an entry point for technology enterprises with a plan to grow and successfully transition into
      larger commercial premises locally e.g. Shire Business Centre, Noosa Junction;
    a host location for innovation and entrepreneurial education, attracting funded programs to
      advance the business innovation capacity throughout the Shire;
    part of the co-work and shared-office network in the Shire and wider Sunshine Coast
      region, operating collaboratively with existing co-work spaces;
    a digital link into the global environment.

2    Tenancy Process – Key Aspects

1.   Tenancies will be offered to technology enterprises across three (3) categories:
     •    Established Enterprises
     •    Emerging Enterprises
     •    Co-workers with a focus on Technology
2.   Tenancy Category Definitions (as a guide):
          Established Enterprises (Anchor Tenant or Tenants) have successfully operated for
            five years or more and are able to demonstrate consistent growth across this period
            of operation
          Emerging Enterprises (Start-ups/Scale-ups) have been operating for between two
            and five years, have tested their business concept and model and are looking to grow
            and expand.
          Co-working Memberships are for solo or small enterprises looking to share operating
            costs and connect with other technology enterprises. No minimum on business
            operation duration.
3.   A variety of space will be offered through the tender process.
4.   It is anticipated that the extent of co-work and the use of the café space will be confirmed
     following the tender process.
5.   Tender Process - Established and emerging enterprises will be offered tenancies via a full
     public tender process. A draft lease document will be issued with the tender
     documentation, detailing the tenancy terms and conditions. The specification issued will
     designate a price range, and provide an indication of the proposed space allocation for the
     different categories. Council will reserve the right to be flexible depending on demand and
     final details of each lease arrangement will be negotiated for each tenancy.
6.   The lease document terms and conditions will include: mechanisms to graduate emerging
     enterprising from the facility, and provide clarity regarding fit out costs and outgoings.
7.   Co-working tenancies will be managed via a membership registration process. In order to
     adequately consider the allocation of space and total commercial operating model, the co-
     working application will be made via an on line process that runs across the same
     timeframe as the tender process.
8.   All communications regarding the digital hub, including the tender documents, will refer to
     all three tenancy levels. This will confirm that only Established and Emerging enterprises
     are in-scope of the tender. A link to the co-working application process can be included on
     the tender website.

                                                                                      Page 4 of 22