Top 5 Benefits of Launching Your Startup in an Innovation District
Startup.info’s Post
More Relevant Posts
-
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
How Much Does Proximity Influence Startup Innovation? 20 Meters' Worth to Be Exact
hbswk.hbs.edu
To view or add a comment, sign in
-
New (& very cool) MIT Sloan research by Christian Catalini, Maria Roche, and Alexander Oettl emphasizes the importance of physical proximity for knowledge spillovers among startups. Their study found that startups within 20 meters of each other in a coworking space have a higher chance of adopting similar technologies, highlighting the benefits of face-to-face interactions. This research is a great reminder of the value of early-stage interactions and how being close can lead to innovation and growth. As we navigate the in-office vs. remote work debate, this is a strong case for maintaining some level of in-person collaboration. Thanks for sharing, Kostas Stamatiadis! https://lnkd.in/emEsxdBW
Close proximity is the key to knowledge spillovers among startups | MIT Sloan
mitsloan.mit.edu
To view or add a comment, sign in
-
🚀Looking for the perfect private workshop space in Berlin? Apply for a MakerGarage at MotionLab.Berlin’s Alt-Treptow campus! 🔧 What’s a MakerGarage? Your fully equipped, private, and customizable workshop—with sizes from 15 to 100 sqm—is designed for startups and innovators. 💡Why rent a MakerGarage? 1️⃣ All-in-One Convenience - No more juggling utilities, internet, or facilities. We’ve got it all covered— so you can focus on what you do best 2️⃣ Flexibility You’ll Love - No minimum commitment - No deposit - Lower costs to set up and maintain a private space 3️⃣ Join an Inspiring Network - Get connected with the largest impact-driven deep tech ecosystem including startups, investors, and experts - Attend exclusive events, masterclasses, and community meetups 4️⃣ Additional Perks - Enjoy access to tools and machines, our community kitchen, coworking spaces, and front desk services - Plus, book meeting rooms, workshops, mentoring sessions, and even postal services as needed By providing flexible and affordable options, we aim to make it easier for startups and innovators to finance their operations and set up shop. This lets them spend more time focusing on what really matters—their team and their technology. We want to see startups hit the ground running as they contribute to our core mission of achieving carbon neutrality by 2025. Whether you’re building your next big idea or scaling up production, a MakerGarage gives you the tools, privacy, and community to make it happen. ⭐️Interested? Contact Melinda Varga, Community Manager to learn more. Or book a free tour of our Alt-Treptow campus (link in the comments below). ➡️ mv@motionlab.berlin #makers #engineer #startup #workshop #Berlin #innovation #Climatetech
To view or add a comment, sign in
-
Fascinating and very insightful study by Harvard Business School Professor Maria Roche et. al. showing the underappreciated value of physical interactions with colleagues within a precisely defined boundary of proximity. #remotework #hybridwork #innovation #teamwork #startups #entrepreneurship https://lnkd.in/ehaQu6y6
How Much Does Proximity Influence Startup Innovation? 20 Meters' Worth to Be Exact
hbswk.hbs.edu
To view or add a comment, sign in
-
Melbourne's Thriving Tech Scene: A Hub for Innovation Melbourne has long been celebrated for its vibrant culture, stunning architecture, and culinary delights. However, in recent years, it has also emerged as a significant player in the tech industry. With an impressive ecosystem of startups, incubators, and established companies, the city is rapidly becoming a global hub for innovation. One of the most exciting developments is the rise of coworking spaces, which have fostered collaboration among entrepreneurs and creatives. Spaces like WeWork and Hub Australia are buzzing with activity, hosting events and workshops that connect like-minded individuals and spark new ideas. These environments not only provide resources but also build a sense of community among tech enthusiasts. Additionally, Melbourne is home to several key tech events, such as the Melbourne Tech Festival, which showcases local talent and groundbreaking ideas. These events attract international attention and create opportunities for networking and knowledge sharing. The government has also recognized the potential of the tech sector, investing in initiatives to support startups and encourage innovation. Programs aimed at fostering research and development, along with funding opportunities, are paving the way for the next generation of tech leaders. As Melbourne continues to grow as a tech hub, it’s an exciting time for professionals in the industry. Whether you’re an entrepreneur, developer, or tech enthusiast, the city offers an abundance of opportunities to collaborate, innovate, and make an impact. Let’s embrace this momentum and support our local tech community as we pave the way for a brighter, more innovative future!
To view or add a comment, sign in
-
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
Catalyst Commons now biggest co-working space in Canada
therecord.com
To view or add a comment, sign in
-
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
Close proximity is the key to knowledge spillovers among startups | MIT Sloan
mitsloan.mit.edu
To view or add a comment, sign in
-
Have you ever considered what truly makes a city innovative? It’s not merely about technological advancements or futuristic skylines. Being an innovative city means fostering an ecosystem where ideas thrive, talent flourishes, and solutions emerge to transform people’s lives. Let’s start with San Francisco in the United States. This city is home to countless start-ups and tech giants of Silicon Valley. Walking through San Francisco, you can feel the pulse of a place that thrives on innovation. Yet, like any success story, it comes with challenges. The tech boom has led to significant real estate speculation, making it difficult for many to afford living and working in the area. Nevertheless, San Francisco remains a hub for creativity, resilience, and daring entrepreneurship. On the other side of the globe, Tokyo, Japan’s capital, stands out as a beacon of innovation. Tokyo masterfully blends tradition with cutting-edge technology. It leads the world in patent registrations and excels in fields like nanotechnology and robotics. Companies like Sony and Toyota thrive here due to a robust culture of research and innovation. Tokyo’s ecosystem attracts both global corporations and bright minds eager to make their mark. Then, we have Singapore, one of Southeast Asia’s primary innovation centers. Despite its size, Singapore thinks on a grand scale. The government heavily invests in policies that draw foreign direct investment, particularly in high-tech industries, making it a top destination for start-ups and entrepreneurs worldwide. Singapore exemplifies how innovation is driven by strategic vision and well-executed policies rather than mere size or wealth. Beijing, China, also plays a significant role in the global innovation landscape. The city boasts one of the largest ecosystems for unicorn companies outside the United States and is a major recipient of venture capital. Lastly, there is London. Known for its rich history and culture, London has also established itself as a technology and innovation hub. With world-class universities and a market that rewards creativity, approximately 15% of the city’s workforce is employed in high-tech sectors. London exemplifies how innovation thrives in environments rich with diversity, talent, and a willingness to challenge norms. These cities teach us that innovation transcends technology; it is about creating ecosystems that transform challenges into opportunities. It serves as a reminder that, with strategic planning, talent, and determination, any place can become a center of innovation. Ultimately, a city’s true strength lies in its ability to evolve, reinvent itself, and inspire those who live within it. Climate Investment Funds The World Bank, KfW, Banco do Nordeste do Brasil, Companhia de Desenvolvimento do Complexo Industrial e Portuário do Pecém - CIPP S/A #2030Agenda | #Digitalinnovation | #SDG https://lnkd.in/dt4bFtWb
To view or add a comment, sign in
-
A fascinating read for both construction companies and startups in my network, highlighting the extra hurdles faced by early stage #constructiontech startups and ways to overcome these from both perspectives. We’ll be doing our best to avoid the “death by pilot” trap with minimass! #constructioninnovation
Ever heard of the "death by pilot" trap? It's a common pitfall with early stage construction tech startups. Drawing from my experience, I've been sketching out a concept I've labelled 'Crossing The Chasm Twice', exploring the unique go-to-market hurdles faced by companies in our industry. The construction industry, with its distinct project delivery systems and fragmentation, requires a specialized approach to crossing the user chasm not once, but twice—internally within a company and then externally to the broader market. At its core, the idea is that the short duration and isolated nature of construction projects complicates the ability to establish a strong, company-wide adoption. This scenario often leads startups into a "death by pilot" trap where initial successes don't translate into broader acceptance. The article explains Geoffrey Moore's concept of "The Chasm" and its relevance to technology adoption, emphasizing the need for startups to transition from early adopters to the mainstream market. For startups in construction, this journey is a two-step process. Often, it begins with securing pilots with initial construction companies. However, navigating the intricacies of the project delivery system and user turnover presents its own 'Chasm' for those initial companies. After being successful crossing that first 'Chasm', the young company then needs to cross the final 'Chasm' into the early majority of the industry at large. This requires adapting to diverse client needs and their bespoke project requirements, often ensnaring the young company in additional pilots and a continuation of the "death by pilot" cycle. Check out the full article here: https://lnkd.in/g4ynKvhR The article provides 12 detailed pieces of actionable advice for startups and construction companies alike, including strategies for navigating protracted sales cycles, focusing on scalable solutions, and harnessing key roles within construction organizations to propel adoption. Construction firms are advised to understand 'internal market fit', incorporate multiple projects in pilots, provide financial sustainability for startups, and leverage key roles on project teams to help scale adoption. By understanding the nuances of construction project delivery and crafting tailored go-to-market strategies, innovative construction firms can better partner and startups can better defy the odds in our industry's transformation. #construction #buildingconstruction #gotomarket #digitaltransformation #constructiontechnology #constructiontech #technologyexcellence #builtenvironment
Crossing the Chasm Twice — Construction Tech’s Enduring Challenge
placersolutions.medium.com
To view or add a comment, sign in
-
For #rental companies who introduce new technologies to their customers (together with us) Read below ⬇️ #EquipmentRental
Ever heard of the "death by pilot" trap? It's a common pitfall with early stage construction tech startups. Drawing from my experience, I've been sketching out a concept I've labelled 'Crossing The Chasm Twice', exploring the unique go-to-market hurdles faced by companies in our industry. The construction industry, with its distinct project delivery systems and fragmentation, requires a specialized approach to crossing the user chasm not once, but twice—internally within a company and then externally to the broader market. At its core, the idea is that the short duration and isolated nature of construction projects complicates the ability to establish a strong, company-wide adoption. This scenario often leads startups into a "death by pilot" trap where initial successes don't translate into broader acceptance. The article explains Geoffrey Moore's concept of "The Chasm" and its relevance to technology adoption, emphasizing the need for startups to transition from early adopters to the mainstream market. For startups in construction, this journey is a two-step process. Often, it begins with securing pilots with initial construction companies. However, navigating the intricacies of the project delivery system and user turnover presents its own 'Chasm' for those initial companies. After being successful crossing that first 'Chasm', the young company then needs to cross the final 'Chasm' into the early majority of the industry at large. This requires adapting to diverse client needs and their bespoke project requirements, often ensnaring the young company in additional pilots and a continuation of the "death by pilot" cycle. Check out the full article here: https://lnkd.in/g4ynKvhR The article provides 12 detailed pieces of actionable advice for startups and construction companies alike, including strategies for navigating protracted sales cycles, focusing on scalable solutions, and harnessing key roles within construction organizations to propel adoption. Construction firms are advised to understand 'internal market fit', incorporate multiple projects in pilots, provide financial sustainability for startups, and leverage key roles on project teams to help scale adoption. By understanding the nuances of construction project delivery and crafting tailored go-to-market strategies, innovative construction firms can better partner and startups can better defy the odds in our industry's transformation. #construction #buildingconstruction #gotomarket #digitaltransformation #constructiontechnology #constructiontech #technologyexcellence #builtenvironment
Crossing the Chasm Twice — Construction Tech’s Enduring Challenge
placersolutions.medium.com
To view or add a comment, sign in
13,434 followers