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Accessible workspace+
Integrated community
July2012
WorkplaceExchange
What is the Exchange?
The Exchange connects:
Startups
+
Flexible office space within host companies
For
External Coworking
What Doesthe
ExchangeDo?
Releases underutilized office space onto the market
Drives down the cost of startup office space
Integrates startups with the broader business community through co-location
Creates collaborative opportunities for companies across industries and stages of development
Who benefits
fromthe
Exchange?
Space Seekers (Startups):•Unstable and hard to project – need flexibility•Working on a budget – need affordability•Unattractive to brokers – need self-serve•Thrive in communities of other entrepreneurs
Space Providers (Growth mode startups):•Sign leases with growth in mind – carry extra space•Have a lot to worry about – need support in sublease•Like to pay it forward and appreciate startup energy
Innovation Center Cities:•Often have low vacancy rates and high real estate prices•Resource rich environments benefit from more integration•Derive value from high “bump rates”
Where does it
come from?
Cross-industry collaboration
• Workbar – Established coworking center
• Boston World Partnerships – Non-profit economic development organization
• Boston World Partnerships Connectors – Boston business community volunteers
• MassChallenge – World’s largest startup accelerator
• City of Boston/Innovation District: City government
Stakeholders
In Innovation The Startup World
Cities
Business Community
Creative Space Providers
4
Easy to participate
ExternalCoworking
Business incentives for hosts
Aspirations 3
12More than space... space + community
Streamline and productize matching
COOL
INNOVATIVE
NEW COWORKING
CROSS-COMPANY
COLLABORATION!
How itWorks Exchange
Space Providers
Startups
Community + cost
savings + admin
support
Workspace + Workbar membership
New community members + revenue
Vitality+
Collaboration+
Rent
Workspace+
collaboration
Long TermImpact
• High office occupancy cities open up more office opportunities for everyone
• Startups have access to more affordable and flexible space in innovation clusters
• Stronger connections among startups and established companies create collaboration and business opportunities