Boston – Incubator. Shared work-zones. Open office space. Flexible work environments. These are the buzzwords of the new workplace. One of the top cities for entrepreneurs, Boston is rapidly embracing a fresh paradigm for nurturing new businesses, one that has strong design and social implications…The tech innovation incubator concept has grown to encompass shared lab space, where budding pharmaceutical companies can further their work without incurring huge costs. Companies that start at the Innovation Center may move into such spaces, located at the heart of the Kendall Square technology area. At Lab, we have worked with local real estate companies to develop master plans for converting some of their portfolios to incubator laboratories- where startup tech and pharmaceutical companies can take on bench space without incurring large bricks and mortar risk, and instead focus their energy on developing their ideas. As Mark Reed, AIA, a principal at Lab/ Life. Science. Architecture, notes there are drawbacks and benefits. “It is harder to protect intellectual property and the cost per square foot is relatively high,” he notes. “But the benefit is that you can control the amount of area you take on in an incremental basis as well as gaining access to expensive equipment and gasses essential to the industry, lowering startup costs for a new company.”
Read more about Stephanie’s article on flexible work spaces in High Profile
