"We want to keep it as natural as we can. To get a different view of nature and the redwoods and to get the feeling of what's it's like up some of these big trees will be very special."
Mr Schmid runs a similar treewalk in Germany.
"I visited Rotorua as a tourist ... and thought why is there nothing up in these trees, because it's such a great place."
He said they were researching how much they would charge people for the walk, but there would be a special rate for locals and families.
Rotorua couple Kellie and Bruce Thomasen have invested in the business, saying it will add something different to the city's tourism offering.
Mr Thomasen, who is general manager of Skyline Rotorua, said he was excited by the venture.
"The Redwoods is a Rotorua icon and this is a great sustainable tourism venture and complements the forest asset brilliantly. Arguably it's the longest suspended treewalk in the world in terms of the slings and suspension systems we are using," Mr Thomasen said.
Plans are in the pipeline to later develop a guided treetop canopy walk more than 25m high.