The Cambridge Innovation Center Received Funding To Expand Into Europe
Justin Lam — March 16, 2018 — Business
References: cic & venturebeat
The Cambridge Innovation Center (CIC) has just received $58 million in funding from the European real estate developer HB Reavis (HBR). CIC currently functions as a center that provides co-working space for startups. The center gives startups a space to produce their product and gives tenants access to desks, meeting rooms, labs and much more. The Cambridge Innovation Center currently has hubs in Rotterdam, Boston, Miami and St. Louis, with the first location being in Cambridge, Massachusetts.
This new investment for the Cambridge Innovation Center will allow the company to further "expand its network of science and technology innovation campuses throughout the world. "One of these new campuses will include a 145,000-square foot campus in Warsaw that will be part of a complex being built by HB Reavis. CIC founder and CEO Tim Rowe has spoken about the investment from HBR and claimed that it would enable CIC to "dramatically accelerate the expansion of our global network."
This new investment for the Cambridge Innovation Center will allow the company to further "expand its network of science and technology innovation campuses throughout the world. "One of these new campuses will include a 145,000-square foot campus in Warsaw that will be part of a complex being built by HB Reavis. CIC founder and CEO Tim Rowe has spoken about the investment from HBR and claimed that it would enable CIC to "dramatically accelerate the expansion of our global network."
Trend Themes
1. Expansion of Innovation Spaces - The funding received by the Cambridge Innovation Center will enable the expansion of their global network of science and technology innovation campuses.
2. Co-working Space for Startups - The Cambridge Innovation Center provides startups with co-working spaces and access to various amenities, offering disruptive innovation opportunities for the co-working industry.
3. Global Network of Innovation Campuses - The investment from HB Reavis allows the Cambridge Innovation Center to dramatically accelerate the development of their global network of science and technology innovation campuses.
Industry Implications
1. Real Estate Development - The expansion of innovation spaces presents disruptive innovation opportunities for the real estate development industry to cater to the growing demand of startups and technology firms.
2. Co-working - The co-working industry can leverage the model of the Cambridge Innovation Center to create innovative spaces and services tailored specifically for startups and entrepreneurs.
3. Science and Technology Innovation - The investment in the Cambridge Innovation Center's global network of innovation campuses highlights the disruptive innovation opportunities within the science and technology innovation industry.
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