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