The Lennox Suite has increased the EICC's events space by 2,000m2 and is expected to deliver £15m to the Scottish economy in its first eight months.
More than 700 events industry leaders attended the launch party at the EICC, where singer Laura Mvula performed to demonstrate how the moving floor system can be transformed from a flat floored exhibition space to tiered theatre and arena setups in a fraction of the time required in conventional halls.
Hans Rissmann, EICC chief executive, said: "Today we define city centre conferences and events in the new era with world beating technology that maintains Edinburgh's place in the first rank of global destinations for business tourism.
"Major event organisers the world over are now seeing for themselves what the precise management of precious city centre space can achieve and although our industry leading technology will be copied we have a considerable edge over our global competitors."
Neil Brownlee, head of VisitScotland's business tourism unit, said: "This is an exceptional new events space. "It is also a tremendous addition to Scotland's venue portfolio and it gives 'state of the art technology' a whole new meaning. "It's something to shout about not just here in Scotland, but in all of our overseas markets in Europe, North America and indeed the Far East."
Upcoming events at EICC include the International Association conference, International Investigative
Dermatology 2013 (8-11 May 2013) for 2,100 delegates; the European Society for Dermatological Research (ESDR); the Japanese Society for Investigative Dermatology (JSID) and the Society for Investigative Dermatology (SID) of the United States.
Other Life Sciences and Financial Services events include the European Space Agency’s Living Planet Symposium, the 16th British Oncology Pharmacy Association Symposium, the Medical Research Council’s UK Clinical Trials Methodology Conference and premier Institute and Faculty of Actuaries events, GIRO40 and LIFE.