The Hub Singapore, touted to be the nation's largest startup community, has expanded its space with the launch of a new collaborative work space to support the growing pool of startups and entrepreneurs in Singapore.
Located at Prinsep Street in Singapore, The Hub boasts up to 160 co-working and permanent desks, eight team rooms, six hi-spec meeting rooms, three sound-proof Skype booths, and flexible event spaces that can hold up to 200 people. Other cool features include an in-house café, a communal pantry, hot shower rooms, as well as a nap room for resting.
Hubbers in the new space include news site Mashable, online payment solutions provider Braintree_Paypal, Silicon Valley's Unicorn Twilio, and upcoming local startups Gone Adventurin' and Our Better World.
More than just a co-working space, The Hub also has an internal online portal to connect all members and help the community grow beyond the boundaries of its physical space. According to The Hub, it is the first co-working space community in Singapore to establish the option of a pure online membership which gives businesses who do not require a physical work space the flexibility to collaborate and work with other members remotely.
K. Shanmugan, Minister for Foreign Affairs and Law, who graced the launch event on Tuesday (Aug 25) evening, feels that this new facility will be a "conducive and useful conduit for local start-ups to network, as well as work with other international counterparts."
Founded in 2012, The Hub has over 500 entrepreneurs, creatives and techies in their network. Over the years, it has facilitated collaborations between corporations, startups, government entities, investors and the wider community; as well as developed a series of programmes and initiatives to boost the local startup scene.
It is also introducing tailored innovation and impact lab programmes for corporations looking to innovate through collaborations. Companies currently involved in the programme include J.P. Morgan, DBS Bank and Procter & Gamble.
"We are excited to be opening a larger space for our community, enabling us to not only serve more entrepreneurs from early stage to mature ones, but also allow us to serve them in more ways," said Grace Sai, CEO and co-founder of The Hub Singapore.
"This next phase will see us focusing more on collaborations across the ecosystem, especially with corporates who want to connect with startups, the government, venture capitalist, investors and media partners. We have by default stepped into the responsibility of being a network of networks, creating more visibility of different parties that could and should be working together, because there is always more innovation outside of one's team than within," she added.
Later this year, The Hub intends to launch the Investor in Residence programme and The Hub Alumni Fund, which allows businesses in their network to have the opportunity to be mentored by experienced fund managers while receiving adequate funding to bring their ideas to life. Funded by angel investors and successful Hubbers, The Hub Alumni fund has raised S$300,000 pledges to date and is expected to grow close to S$1million by year end.
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