The Future of Work is Not Co-Working
it’s industry and technology-driven innovation hubs
We all know the way we work and in particular, where we work has changed dramatically in recent years. Decentralised workplaces and hybrid work arrangements are more and more the norm at companies around the world.
While co-working and communal office space have been providing flexible and convenient solutions for start ups and small businesses not wanting to commit to an independent office, the shift in how we work has seen the rise of industry driven innovation hubs. Savvy companies of all sizes are now seeing the benefit of utilising shared workspace not just to reduce lease costs but to leverage an established industry ecosystem where they are able to share knowledge, technology, and networking to fast track transformation.
Industry and technology-specific innovation hubs are the future of flexible work and the benefits offered to individuals, entrepreneurs, and businesses alike are only increasing.
5 Benefits of Industry-Driven Innovation Hubs
Cost-effective
It’s obvious but one of the most significant benefits of coworking is that it is a cost-effective solution for individuals and small or larger businesses. Traditional office spaces require long-term lease commitments and significant upfront costs, such as furnishing, equipment, and utility bills. Innovation Hubs with open plan co-working space, private offices, meeting rooms and board rooms, on the other hand, offer flexible and affordable membership options that allow businesses to tailor solutions that suit and to pay only for what they need.
Community
Ecosystem-driven innovation hubs are built on the idea of community, where people from different backgrounds, professions and experiences across the whole of industry can come together to work and collaborate. This creates a sense of belonging and a supportive environment where members can exchange ideas, gain inspiration, and form meaningful relationships, often finding new partnerships, new solutions and ultimately fast tracking innovation and increasing their ability to scale.
Flexibility
The flexibility of innovation hubs can not be underestimated. Companies can choose the type of membership that best suits their needs, such as a hot desk, dedicated desk, private office or a combination of all three. Members can decide when they want to work and how often staff can be in and out of the space. This flexibility allows individuals and businesses to adapt to changing workloads, projects, and schedules and create a functional hybrid work set up while reducing hefty overhead costs.
Networking
Innovation Hubs are also great for networking. Companies and members have access to a diverse group of professionals across all levels of industry which can lead to new partnerships, business opportunities, and even friendships. Beyond networking, being industry specific, the hosted events and workshops, even capability and skills development programs provide additional opportunities for members to connect and learn from both industry leaders and peers.
EXPOSURE
Innovation hubs are designed to be productive environments and provide companies and members with business opportunities they might not otherwise have. By leveraging an established network, smaller companies in such hubs can take advantage of exhibition space, conferences, even industry-specific training and marketing and exposure opportunities that an established national ecosystem can provide.
Industry or technology-driven innovation hubs are the future of flexible work. With the rise of remote work and the gig economy, innovation hubs are becoming increasingly popular among professionals and businesses looking for a more agile and collaborative way of working.
CORE Innovation Hub has been operating as the energy and mining innovation hub for more than 6 years now with Hubs in Perth, Newman, Adelaide and a satellite hub in Parramatta opening shortly. CORE is also the proud operator of DevelopmentWA’s Australian Autonomous and Robotics Precient in Neerabup, WA.
If you are looking for a flexible industry and technology-driving workspace, join CORE today.