How coworking spaces are boosting startup ecosystem in tier ll cities
Coworking spaces are set to boom in tier-II cities as the total space in this sector could reach about 6-10 million square feet by 2020. This augurs well for the entrepreneurial ecosystem in India.
- Metropolitan cities are witnessing exponential growth in coworking spaces as rentals soar sky high and the number of startups shoots up rapidly.
- There will be an increased effort to build coworking spaces that will nurture these industries and create jobs and businesses in the process.
- When like-minded entrepreneurs come together, ideas and operations can be pooled and scaled faster.
- Coworking spaces allow a bootstrapper to start with a minimum commitment and grow within a coworking space by renting more space as the operations grow.
- Parallelly, a rich community at a coworking space becomes a ready repository of talent for the company to tap into when looking to grow.