A month or so ago we mentioned co-working environments in one of our blog posts about startup lessons. It appears we're now the number one hit on Google for co-working software startups. When I first heard of co-working, I assumed they were mainstream because the added value these environments bring to software startups is so obvious. However, they are an emerging trend in the software world and you should expect to hear more about them in the future.
The advantages of co-working environments:
- It provides a location where members of a small core team can meet, brainstorm, and work on their new idea.
- It is a low-cost alternative to renting/owning your own office. You can use the space as much or as little as you need it and don't need to buy chairs, desks, a photocopier, fax machine, espresso machine, routers, etc.
- It opens the door to meeting new people and networking with peers in the same industry.
In a sense, they improve on the familiar software engineering lab environment that is available to university students and we know universities help create startup hubs.
Given the fact that it has become so inexpensive to start your own software company, co-working environments are a perfect fit for the small software start-ups that want to strike it big but have limited resources. Furthermore, who better to help you with your software startup business plan than someone who's gone through the process in the past? Most government agencies that help you start your business don't fully grasp software companies, but the people in a software co-working environment do!
Rather than ramble on about why co-working environments are so great, I'd like to make an announcement:
LavaBlast Software will develop an industry-specific POS and interactive kiosk for The Code Factory, a new franchisor in the co-working arena.
The Code Factory will open their first location within a couple weeks. Ian Graham, the founder, is very much involved in the Ottawa startup community and this co-working space will definitely help budding software entrepreneurs in the Ottawa-region. The first event to be held at the Ottawa location will be the Ottawa Web Weekend, who is currently looking for more programmers for the event! Those of you who are not familiar with the franchise industry (and thought it was limited to McDonalds and Subway) might be surprised to see a co-working environment using the franchise model but you'd be surprised by the wide variety of businesses that do (software shops, web design shops, etc.)!
Not only are we very happy to have a new franchisor on board, we're especially excited by the fact that The Code Factory will be out first client outside the child-related retail industry to use our industry-specific interactive kiosk as a key differentiator.