New East Austin co-working space courts startups working on world-changing ideas like climate change, poverty
With Notley, Dan Graham is taking a different approach to investing. Now he and his team want to tackle co-working.
The former CEO of BuildASign.com launched Notley to fund both for-profit startups and nonprofits that create “positive impact in the world.”
On Tuesday the firm announced a 10,000-square-foot co-working space inside the Center for Social Innovation, a mixed-use campus Notley is building in East Austin. The space has not yet been named.
Notley has partnered with Capital Factory, a downtown Austin co-working space and startup incubator, to provide educational programming and a network of mentors at the new co-working space.
The idea is to give young companies and nonprofits working on big ideas — from fighting climate change to reducing poverty — a place to grow as well as collaborate.
The Center for Social Innovation is part of the Springdale General, a 165,000-square-foot real estate development being shepherded by Daryl Kunik, co-founder of the Uchi and Uchiko restaurants, with design by architect Michael Hsu.
The 10-acre site is near Springdale Road and Airport Boulevard. Kunik last year described it as an attempt to offer affordable rents in a cool, communal setting, when lease rates were starting at $17.50 per square foot.
The co-working space will have private studios, dedicated desks, conference spaces and lounge areas, plus an additional 5,048 square feet of meeting space.
Organizations that have already joined the Center for Social Innovation include Black Fret, the Austin-based charity supporting local music, and The David Weekley Family Foundation, which makes grants to nonprofits.
“The world is experiencing an emergence of social enterprise spilling out of our universities, nonprofits, and for-profit businesses,” Graham said in a statement. “As Austin becomes the next social innovation capital, this co-working model is poised to provide an important missing piece — a space for people inciting action around social causes to connect with nonprofits, educational systems and entrepreneurial programs while coming together to drive scalable and sustainable purpose-driven ventures.”
Source: Austin Business Journal
Will Anderson, Digital Editor