The redevelopment of Macquarie House will see Enterprize move into a custom-built innovation hub.
Construction started two weeks ago on the $4 million project, which will see the incubator, and shared start-up workplace, significantly increase its office space.
The project, a part of the Launceston City Deal, has been five years in the making, according to Enterprize acting general manager Casey Farrell, and will be “built for purpose”.
“This move will be transformative for Enterprize in Launceston,” he said.
“There’s quite a bit of space for open plan office configurations, while also having some areas partitioned off for more advanced projects.
“There will also be a communal space that can be used by the broader community for activities that fit in with the work Enterprize does.”
Launceston mayor Albert van Zetten paid tribute to the project, saying the development will help transform the city’s entrepreneurial landscape.
"It will be great to see the innovation hub up and running, because we have some fantastic communities of innovators and technology enthusiasts right here in Launceston who are going to be able to make great use of this space,” he said.
"It will be a place where people can meet other like-minded innovators, get access to new resources and experts, and a place that will create new pathways for potential start-ups and new businesses.”
The building will be home to Enterprize’s second phase of operations, according to Mr Farrell.
We’ve seen tremendous growth in knowledge and entrepreneurship in the tech sector.Enterprize acting general manager Casey Farrall
Plans are underway to turn the organisation into a formal incubator, with up to 10 promising start-up businesses to be included.
Mr Farrall said Enterprize would work closely with a future start-up accelerator to help nurture tech entrepreneurs.
“Currently a Tasmanian accelerator is being developed so high growth projects can start at the Enterprize incubator and go through to an accelerator on the island,” Mr Farrell said.
“By the end of it we even hope that some groups will be prepared to go to market after being involved with us.”
Mr Farrell said Enterprize had seen amazing success in its Hobart and Launceston sites since it began two years ago.
“We’ve seen tremendous growth in knowledge and entrepreneurship in the tech sector,” he said.
“Two organisations who have come through Enterprize – Bitwoke and Off the Table – have been formally accepted into Accelarator programs.
“To the best of my knowledge they’re the only Tasmanian businesses to have been formally accepted to a accelerator program.”