Kumar Chittipeddi’s Post

In a published research by MIT Sloan School of Management, they found that startups working in a coworking space within 20 meters of each other had a 2.5% increase in probability of adopting the same technology used by another startup working close by. This is due to knowledge spillover, which is the transmission of ideas among different teams or groups of people. Interestingly, more knowledge spillover occurs when the startups had two different product markets compared to startups with similar product markets! Read the full article here  https://lnkd.in/gKeCEAZE #SmithBusiness #SmithCEISI #Startups #Entrepreneurship #Queensuniversity

When it comes to sharing ideas, how much does close proximity matter? Short answer - Magic happens within 20 meters ! #Startups within 20 meters of each other influence each other the most in the choice and implementation of web technologies. According to a study, working within that short distance increases a company’s probability of adopting a neighbor’s technology by 3 percentage points. Beyond 20 meters, the influence of proximity declines quickly. The study found that doubling the distance between two firms reduced the probability of technology adoption by 1.7 percent. Startups over 20 meters apart “behave as if they are on different floors altogether,” Harvard Business School #Collaboration #Innovation

"startups located within 20 meters of ... peer startups were more likely to receive more than $1 million in seed and other funding compared with startups that were not located in a balanced environment." Interesting research published from MIT Sloan School of Management has shown the important link between knowledge spillover and physical proximity. At CERI - Centre for Entrepreneurial Research and Innovation, our 7 resident startup offices are all within a 20m radius of one another, maximising the potential for startup "collisions". If you would like to learn more about the CERI Residency Program and the other services that we offer, please join our upcoming "Intro to CERI" webinar by clicking on the link in the comments below. #startup #innovation https://lnkd.in/gKeCEAZE

A former tire warehouse on Glasgow Street is now the biggest privately-owned co-working space in Canada--Catalyst Commons. It has more than 150 startups and tech companies, and is thriving while many other commercial landlords are dealing with empty and under-used offices. #CatalystCommons #Startups #technology #innovation #Miovision #KurtisMcBride #AmberFrench #AngelaWatkins #OntarioVehicleInnovationNetwork #incubators #accelerators https://lnkd.in/ggsx2ZD2

Furman Innovation Lab opens in Crescent Startup Community Furman’s student entrepreneurs can build their businesses in the newly opened Innovation Lab built to bring together startups and established companies alike.  Located in the new Crescent One co-working space at 25 Goldsmith Street in Greenville, the Furman Innovation Lab emerged from years of collaboration between The Hill Institute for Innovation and Entrepreneurship, Flywheel Coworking and Hartness Development, among other partners. Crescent One is on the campus of Crescent SC, an innovation district developed by Furman Trustee Emeritus Sean Hartness, CEO of Hartness Development.  “What we will be developing here is a community of 250 to 500 members that love being part of a shared environment,” said Peter Marsh, Flywheel CEO. “We’re bringing together ingredients that are needed for entrepreneurship to thrive.”  With space for individuals to work, offices and suites available to host whole companies, Flywheel and Hartness transformed what was once the Hartness family’s Pepsi bottling plant into works spaces for individuals, offices, suites and conference areas. The site, about 6.5 miles from Furman’s campus along Poinsett Highway, sat vacant for years. Now, the industrial site is a sleek, but welcoming co-working space. At its heart, in one of the suites, is the Furman Innovation Lab.  “This is a launchpad for opportunities around innovation and entrepreneurship,” said Bryan Davis, executive director of The Hill Institute.  Furman’s Center for Innovative Leadership, headed by Garrett Stern, serves mature companies and industries, while The Hill Institute focuses on startup companies. The Innovation Lab will cover the entire business community, from students to seasoned business professionals, Stern said. It serves as an incubator for student entrepreneurs, giving them space to try new concepts and take risks while also providing access to a broader business community within the coworking space to network and connect with.  The goal is that even after graduation or attaining a graduate degree, alumni have a place to keep their businesses connected to the community and resources that helped them succeed.  “What are we doing to retain them after they push their ventures forward?” Davis asked. “We’re creating a pathway here for students to train and grow into their own.”  The workspace is also hosting other Furman programs and services. The Master of Science in Innovation and Leadership program holds its “Fridays in the Field” initiatives there, and the goal is to host leadership training and other programs that are open to the public, Stern said. In this way, Crescent SC and the Innovation Lab serve as an asset not only to students, but the broader business community.  #Startup #Investment #Economy #Business #Financial #Investor #Economic #Investing #Founding #Invest #Fund #US #USA #UK #Europe #America #Asia #Bangladesh #World #News #WorldNews #BDNews

Co-working Space Boom: Incuspaze Secures $8 Million in Funding! 🚀 #Coworking #Startups The co-working space sector is witnessing a surge in India, and Incuspaze is leading the charge! 💥 This Bengaluru-based startup recently secured $8 million in its maiden funding round. Here's what Incuspaze's success can teach startups in the co-working space and beyond: Incuspaze's Winning Formula: 1️⃣ Strategic Expansion: Incuspaze boasts a network of over 33 workspaces across 18 Indian cities, catering to a diverse range of entrepreneurs and businesses. 📍 2️⃣ Focus on Growth: The recent funding empowers Incuspaze to expand its footprint and enhance its technological infrastructure. 💻 3️⃣ Adapting to Market Needs: Incuspaze prioritizes providing flexible workspace solutions tailored to the needs of startups, MSMEs, and enterprises. 📈 Key Learnings for All Startups: 1️⃣ Growth Strategy is Crucial: Develop a well-defined plan for expansion and attracting new customers. 📊 2️⃣ Embrace Technology: Leverage technology to streamline operations and enhance the user experience within your workspace. 💻 3️⃣ Cater to Diverse Needs: Offer flexible solutions that cater to a variety of businesses and working styles. 🌈 The Thriving Co-working Space Landscape: The co-working space sector is brimming with innovation: 🇺🇸 WeWork (US): A global leader in co-working spaces, offering a variety of membership plans and amenities. 🇮🇳 Awfis (India): Provides premium co-working spaces with a focus on community building and networking opportunities. 🇮🇳 Spacious (India): Offers affordable and flexible workspace solutions targeted towards startups and freelancers. The Future of Co-working: By strategically expanding, adapting to market needs, and leveraging technology, co-working spaces can continue to thrive and empower businesses of all sizes. Incuspaze's funding is a testament to this promising future! 🌟 #RealEstate #Investment #Entrepreneurship What are your thoughts on the growth of co-working spaces? Share your experiences or any cool co-working startups you know of in the comments below! Let's keep the conversation going! 💬

🇷🇴 Station R: A Dream in the Making 🇷🇴 Since the day I became an entrepreneur in Romania, I’ve had a dream. It's a bold vision to create a Romanian tech temple inspired by the largest coworking space and tech hub in the world: Station F in Paris. For months, I’ve been on the hunt for the perfect location in Bucharest. But here’s the truth: It can’t be small. It can’t be ordinary. It has to be... iconic! ➡️ What Am I Looking For, Exactly? A wonderful space with history. Soul. And character! Around 10,000 sqm. Ideally, a former factory or a historic landmark located in the heart of the city... Easy? Not really. But I’m not in a rush. Because for this vision, only perfection will do. ➡️ My Inspiration: Station F Imagine 50,000 sqm of creativity, innovation, and ambition. At Station F in Paris, 5,000 entrepreneurs, investors, and accelerators unite under one roof. It's a place where: Ideas collide. Technologies are born. And global leaders are shaped. In essence, it’s a Disneyland for entrepreneurs! 🥳 ➡️ Station R: Building Romania’s Tech Temple At Station F, the energy is powerful, and my goal is to bring that same pulse to stunning Romania. I envision Station R as the beating heart of Romania’s tech revolution. It will be a sanctuary where entrepreneurs, innovators, and investors converge to grow together and thrive. ➡️ Let’s Build Station R Together Romania is overflowing with potential, but we lack one key ingredient: A large, centralized, world-class hub to channel this energy and make it flourish. Just as Station F has significantly influenced the innovation landscape in France, Station R has the potential to make a meaningful impact on Romania’s future. To make Station R a reality, I need YOU: ↳ Investors. ↳ Corporates. ↳ Entrepreneurs. ↳ Accelerators and incubators. And all passionate believers in Romania’s potential! ➡️ So, Let's Spark a Movement! Station R isn’t just a project. It’s a movement to put Romania on the map, as a rising star in the universe of startups, innovation, technology, and entrepreneurship. Together, we have the power to build the future of Romanian innovation. So... Let’s not just dream. Let’s do! ➡️ Call To Action If you know an extraordinary space in Bucharest that could host our future Station R, please share its name in the comments below. 🙏 #Startups #Founders #Entrepreneur #Entrepreneurs #Entrepreneurship PS: A big MERCI to Roxanne Varza, the inspiring Director of Station F, for her kindness and openness to share her best practices with me. 🙏 PPS: Yes, I know, I look like a ridiculous Playmobil with this yellow helmet, on the picture. But hey, “asta e,” as we say in Romania! 😅

Oplus Cowork - Coworking, Community, Connect is dedicated to offering a dynamic shared workspace 🏢 for location-independent professionals, entrepreneurs, startups, founders, scale-ups, NGOs, and like-minded individuals seeking to connect 🤝 and thrive within a collaborative community. It aims to create an environment where members not only work but also become an integral part of its growing network 🌐, driving innovation and growth together. By joining Oplus Cowork, individuals and organizations unlock numerous benefits tailored to enhance their professional journey 🚀. One of the standout advantages is the opportunity to build a high-net-worth community 💼, fostering meaningful connections with peers, mentors, and potential collaborators. This networking-rich atmosphere is ideal for entrepreneurs looking to scale their ventures 📈 or individuals seeking inspiration and guidance 💡. Oplus Cowork is also committed to making clients happy 😊 by providing exceptional support and services. Members can receive valuable support for their business ideas 💡, helping them turn visions into reality with the help of a community that thrives on shared growth 🌱. The workspace offers affordable, plug-and-play office solutions 💻 designed to meet diverse needs. Whether one requires a dedicated desk, private office, or occasional hot-desking, Oplus Cowork ensures flexibility and affordability 💰. With the "pay only for what you need" model 💳 and flexible contracts, members can focus on their work without being tied to rigid commitments. Additionally, members benefit from an events program 🎉 that keeps the community engaged and inspired, offering networking opportunities, workshops, and discussions. The seamless setup allows professionals to start working immediately 🕒, saving time and resources. Oplus Cowork isn’t just a workspace—it’s a launchpad for success 🏆, innovation 💡, and collaboration 🤝, catering to the evolving needs of modern professionals and organizations. Joining means stepping into a space where ideas flourish, connections thrive, and businesses grow 🌟. Startup Bihar Startup India Website link:- https://lnkd.in/gCbtfeuz #startupbihar #startupindia #startup #opluscowork #entrepreneurship #YoungFounder #StartupJourney

How Draper Startup House is changing the game in Co-working spaces As we all know that co working spaces are booming in India right now Firstly, Draper started as an small office space for businesses They started seeing traction from the working professionals, entrepreneurs and creative people who are looking for these type of spaces with a community of network But, what they are doing different to standout from the crowd → They helping small startups and businesses to collaborate and grow their brand presence → It is not only just a coworking space, it's a community that thrives on their network and people → When your in Draper startup house you feel that you belonged here with your like minded people who strive for excellence → The ambience and the work space gets you the peaceful mentality between the work and culture they have created → Productivity is a big game to play in hefty work culture It's no matter what, they don't compromise on productivity specifically when you are workaholic it will be the right place Why, so many entrepreneurs and business persons are looking to invest millions into communes, outdoor activities, community businesses like coworking spaces In a world dominated by AI, advanced technology, and relentless digital optimisation, we're on the brink of a significant change to the social connection movement And Draper has started new type of global chamber of commerce consisting of physical business hubs, education services, venture capital, and technology services With presence in 15 countries in 2024, their mission is to expand to 100 countries by 2030 and helps to create 1 million new entrepreneurs worldwide The persons behind the Best Coworking spaces is Vikram Bharati founder of Draper Startup House • I'm looking to get an opportunity to join the team Cc: Sai Chaitanya , Vignesh S and Nivin Joseph #coworkingspaces #startup #business #network #community

Year Zero: AltF Coworking's Initiative for Startup Support, Year Zero is a ground-breaking endeavour by AltF Coworking, designed to assist startups in finding a productive workspace without the financial burden of traditional office rentals. #innovation #technology #entrepreneurship #startups #finance #yearzero #sustainability SMEStreet Faiz Askari Yogesh Arora