Hot Pockets: Capturing the Value in Create Imaginesydney Create | 2017 Hot Pockets: Capturing the Value in Create

ImagineSydney Create | 2017 Hot pockets: capturing the value in Create ImagineSydney Create | 2017 Hot pockets: capturing the value in Create How do Sydney’s regions perform in creating We know that innovation and capturing value? What are the strengths and weaknesses of each region? Beyond invention, is essential to Sydney’s how good are we at finding and implementing continued success. But new ideas? unlocking its potential may To support and inform the debate, we have be simpler than we perceive developed the Create Heat Map. By bringing together a range of quantitative data sources, it to be. Innovation is all and the best of Deloitte and industry, economic around us, and everyone and strategy capabilities, we hope to provide concrete evidence on innovation activity in can play a part in its story. Sydney’s regions. Our approach is designed to evolve and improve over time to help Sydney’s individuals, businesses and government think about innovation at a more granular level. Read the full report 13 of 53 ImagineSydney Create | 2017 Hot pockets: capturing the value in Create The Create Heat Map The Create Heat Map uses a range of indicators to We do this because activity in absolute terms It uses data from a range of publicly measure the innovative performance of regions is driven mostly by employment. It stands to available and bespoke datasets, including in Greater Sydney. Specifically, it draws on our reason that more people working in an area from the Australian Bureau of Statistics, Create Heat Index, which seeks to illustrate the generates more activity. As such, absolute the Federal Department of Industry, innovation outputs (product, process, marketing measures of activity could disguise high- Census, and IP Australia. and organisational innovations) generated by performing regions, which may not show up each region, and the innovation inputs (like just by virtue of having a relatively smaller Further detail on how we constructed human capital, local institutions, collaboration number of workers. the Create Heat Index is available here. and investments) that support it. Our work is founded on the National Innovation It’s important to note that we’ve standardised Map, compiled by the Office of the Chief our Create Heat Index by regional employment. Economist, as well as the OECD’s Guidelines This means the Index is not a measure of for Collecting and Interpreting Innovation Data. the absolute amount of activity in an area. It builds on both of these sources by: Rather, it should be interpreted as how much · Adding a layer of geographic granularity innovative activity there is per employee. · Including more indicators · Indexing and compiling the indicators into a single measure. Read the full report 14 of 53 ImagineSydney Create | 2017 Hot pockets: capturing the value in Create Bilpin – Colo – St Albans Galston – Lauderdale Richmond – Clarendon Dural – Kenthurst – Wisemans Ferry Blue Mountains – North Windsor – Bligh Park Newport – Bilgola Terrey Hills – Duffys Forest Glenhaven Wahroonga – Warrawee Narrabeen – Collaroy Frenchs Forest – Belrose Blackheath – Megalong Valley Emu Plains – Leonay Doonside – Woodcroft North Rocks Macquarie Park – Marsfield St Clair Chatswood (West) – Lane Cove North Willoughby – Castlecove – Northbridge Ermington – Rydalmere Manly – Fairlight Parramatta – Rosehill North Sydney – Lavender Bay Horsley Park – Kemps Creek Homebush Bay – Silverwater Balmain Sydney – Haymarket – The Rocks Burwood – Croydon Double Bay – Bellevue Hill Cabramatta – Liverpool Chullora Erskineville – Alexandria Warragamba – Silverdale Coogee – Clovelly Arncliffe – Bardwell Valley Botany Padstow Blue Mountains – South Cobbitty – Leppington Kogarah Malabar – La Perouse – Chifley Ingleburn – Denham Court Cronulla – Legend: innovation Kurnell – Miranda – Yowie Bay Bundeena performance rank 1 – 20 The Oaks – Oakdale Campbelltown – Woodbine 21 – 60 61 – 100 Heathcote – Waterfall 101 – 200 201 – 250 Picton – Tahmoor – Buxton Douglas Park – Appin > 250 Read the full report 15 of 53 ImagineSydney Create | 2017 Hot pockets: capturing the value in Create The Create Heat Map: in focus North-west Asquith – Mount Colah Glenhaven Wahroonga – Warrawee Baulkham Hills (West) – Bella Vista West Pennant Hills Pymble North Rocks Macquarie Park – Marsfield Lindfield – Roseville Oatlands – Dundas Valley North Ryde – East Ryde Ermington – Rydalmere Chatswood (West) – Lane Cove North Legend: innovation Girraween – Westmead Lane Cove – Greenwich performance rank Parramatta – Rosehill 1 – 20 Homebush Bay – Silverwater 21 – 60 61 – 100 Guildford – South Granville Concord – Mortlake – Cabarita 101 – 200 201 – 250 > 250 Read the full report 16 of 53 ImagineSydney Create | 2017 Hot pockets: capturing the value in Create The Create Heat Map: in focus North-east Frenchs Forest – Belrose Beacon Hill – Narraweena St Leonards – Naremburn Forestville – Killarney Heights Freshwater – Brookvale Willoughby – Castle Cove – Northbridge Macquarie Park – Marsfield Balgowlah – Clontarf – Seaforth Chatswood (West) – Lane Cove North Legend: innovation St Leonards – Naremburn performance rank Mosman 1 – 20 21 – 60 North Sydney – Lavender Bay Neutral Bay – Kirribilli 61 – 100 101 – 200 201 – 250 > 250 Read the full report 17 of 53 ImagineSydney Create | 2017 Hot pockets: capturing the value in Create The Create Heat Map: in focus South-west Homebush Bay – Silverwater Homebush Haberfield – Summer Hill Chester Hill – Sefton Chullora Croydon Park – Enfield Bass Hill – Georges Hall Greenacre – Mount Lewis Marrickville Canterbury (South) – Campsie Condell Park Roselands Arncliffe – Bardwell Valley Panania – Milperra – Picnic Point Narwee – Beverly Hills Legend: innovation Bexley Padstow performance rank Monterey – Brighton-Le-Sands – Kyeemagh 1 – 20 21 – 60 Mortdale – Penshurst 61 – 100 South Hurstville – Blakehurst 101 – 200 201 – 250 > 250 Read the full report 18 of 53 ImagineSydney Create | 2017 Hot pockets: capturing the value in Create The Create Heat Map: in focus South-east Sydney – Haymarket – The Rocks Darlinghurst Glebe – Forest Lodge Double Bay – Bellevue Hill Redfern – Chippendale Petersham – Stanmore Bondi – Tamarama – Bronte Waterloo – Beaconsfield Erskineville – Alexandria Coogee – Clovelly Kensington – Kingsford Kingsgrove (North) – Earlwood Mascot – Eastlakes Arncliffe – Bardwell Valley Legend: innovation performance rank Maroubra Botany 1 – 20 21 – 60 61 – 100 Malabar – La Perouse – Chifley 101 – 200 201 – 250 > 250 Read the full report 19 of 53 ImagineSydney Create | 2017 Hot pockets: capturing the value in Create Hot pockets: some of Sydney’s most innovative regions As shown in the previous maps, innovation happens Potential for growth everywhere. From Sydney’s western suburbs to eastern beaches, and from the Shire to the Hills – we find Outside of the hot pockets, systematic evidence that businesses and individuals some regions of Sydney have are doing new things to create and capture value. many ingredients that may set Clearly, Sydney’s innovative activity, when · North Sydney them up for future success. measured on a per employee basis, is not – Includes health institutions, technology just confined to one or two areas; every companies and professional services For example: region is contributing to our city overall. organisations. · Westmead – already home to one of the largest · Pyrmont (including Ultimo) health precincts in Australia, significant further But some areas are excelling. By analysing the – Adjacent to the Sydney CBD, investment is going in to Westmead as a key part Create Heat Index, we can identify hot pockets; Pyrmont/Ultimo has been recognised of the Greater Sydney Commission’s Draft District some of the regions that, per employee, create by the NSW Government as a knowledge Plan for West Central Sydney. The precinct has and capture the most value: and digital-creative start-up hub. a vision to transform into “an innovative, · Sydney CBD (including Haymarket and The area is also host to the University contemporary and integrated centre…”. The Rocks) of Technology Sydney, and a well known For more details on the Westmead redevelopment, – Home to many large institutions, including start-up co-working space. click here the NSW Government, major offices of · Surry Hills · Parramatta – the second CBD, Parramatta ranks third the Big 4 banks, the Big 4 accountancy/ – Home to a key publishing company and in Sydney in terms of the number of people working in consulting firms, as well as major property major food retailers, along with some the area. An increasing number of large organisations and infrastructure players, and global of Australia’s fastest growing start-ups. are located in Parramatta, which is also home to the supply-chain logistics companies. University of Western Sydney. With Western Sydney’s · Macquarie Park (including Marsfield and continued growth, Parramatta has many of the North Ryde) ingredients for success. – Includes institutions such as the Macquarie University Hospital, Macquarie University and various technology firms. Read the full report 20 of 53 ImagineSydney Create | 2017 Hot pockets: capturing the value in Create · Neutral Bay (including Kirribilli) · Rydalmere and Homebush Bay – Home to engineering companies, (including Ermington) as well as a range of professional – Near the Parramatta CBD, Rydalmere is (Not) the usual suspects services and technology businesses, home to the Western Sydney University’s including innovative digital southern campus, leading international consulting and internet-of-things

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