ideaSpace launches new Cambridge city centre space and brings in Springboard IoT
The ideaSpace Enterprise Accelerator, an incubation and coworking space for technology startups and entrepreneurs, has signed a lease for a new premises in the heart of Cambridge whose first tenant will be the Springboard Internet of Things programme.
Based at Miller’s Yard, the new offices are the first move outside of the Hauser Forum for ideaSpace, which recently celebrated two years of operation and is currently operating at full capacity.
Despite ideaSpace’s favourable rates, the lowest for a coworking space in Cambridge, some have found that its position on the fringes of Cambridge makes it difficult to access due to low levels of parking and public transport. The new premises is well served in this respect, but prices are expected to be higher though final rates are yet to be decided.
ideaSpace director, Stewart McTavish, hopes to have it fully up and running by May, but will need to have enough ready to host the 10 teams that will participate on the 13 week Springboard Internet of Things (IoT) programme by March.
The three year lease covers around 2,500 sq ft of space and sits across the road from the old Institute for Manufacturing facility that now holds the community ‘invention’ shed, Makespace, which Springboard will also be using. Miller’s Yard also houses the technology division of burgeoning technology company, Metail.
Demand for coworking space in Cambridge seems to be increasing. As well as ideaSpace’s already full operation at the Hauser Forum, Cambridge Business Lounge launched new coworking room two weeks ago, again in Cambridge’s city centre, while last year CamJelly relaunched the weekly free coworking space.
ideaSpace was set up two and a half years ago with funding from the now defunct East of England Development Agency and the Hauser-Raspe Foundation, a charity co-founded by entrepreneur Hermann Hauser.
Funding currently exists for another two years before the ideaSpace has to become self-sustaining. McTavish says they continue to look at the possiblity of setting up at Addenbrooke’s Hospital, but are no longer pursuing the option of the Broer’s Building.