Saturday 26 May 2018

Launching a business but can't afford office rents? Welcome to entrepreneurial paradise

Louise Kelly

Louise Kelly

Entrepreneurs with a small budget have yet another office alternative in Dublin's city centre with the opening of a new co-working facility.

Space@DublinBIC - which has a capacity for 200+ people - has just thrown open its doors for early entrepreneurs and innovative freelancers.

The start-up hub from Dublin Business Innovation Centre (Dublin BIC) is located on the first and second floors of 61 Dawson Street.

Scant availability of office space in the city coupled with office rent hikes has led to the rising popularity of the co-working phenomenon.

Collaboration between individuals and businesses has also been lauded as a benefit of the hot-desking trend.

"Having a dedicated space from which to work and conduct business is vital for companies in their early stages," Michael Culligan, CEO, Dublin BIC said.

"But in a city in which only about 3pc of office space is vacant and prices are reaching record highs again, entrepreneurs and freelancers are finding themselves unable to access office space from which they can hire talent, scale and access customers easily."

By choosing to locate themselves in Space, Mr Culligan said start-ups and scale-ups will also benefit as they will be surrounded by the supports they need to ensure their company is a success.

"It is not just the space that is important. We create a fantastic entrepreneurial community with lots of events, networking and social activities designed especially for the fast-growing entrepreneurial companies," he said.

A dedicated desk can be rented at Space for €375 per month while a hotdesk will cost €200 on a monthly basis, with five day passes also available.

Space boasts 1GB Wi-Fi, an on-site café, storage facilities and meeting rooms.

An open day will be held on-site each Thursday until the end of June to give potential co-workers the opportunity to test it for a day.

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