This project is employing the 'buy one give one' model to property by providing non-profit office space for free. The BuyGiveWork program from non-profit urban agency 3Space allows businesses to subsidize and share their office with philanthropic organizations.
Beginning with co-working space Keeton's & Collett in London, every desk purchased results in a desk donated to a non-profit, startup or "experimental project." The BuyGiveWork project has since expanded to Platform Four in Manchester.
A rise in social enterprises in recent years has led to new ideas in how to support small businesses. The non-profit office program has an objective to "bring a greater sense of purpose to the typical work environment." It also aims to bring small businesses and local charities together in the name of increased collaboration.
Donated Startup Offices
3Space's BuyGiveWork Program Does Buy 1 Give 1 For Non-Profit Office Space
Trend Themes
1. Social Enterprise Support - Donated startup offices demonstrate a trend in supporting social enterprises by providing free office space to non-profits and startups.
2. Shared Office Spaces - The BuyGiveWork program showcases the trend of shared office spaces where businesses can subsidize and share their workspace with philanthropic organizations.
3. Collaboration Initiatives - The program aims to foster collaboration between small businesses and local charities, highlighting a trend in collaboration initiatives for greater social impact.
Industry Implications
1. Real Estate - The donated startup office trend presents disruptive innovation opportunities in the real estate industry, where companies can find new ways to support social enterprises by providing free or subsidized office space.
2. Non-profit Sector - The BuyGiveWork program creates opportunities for the non-profit sector, as they can benefit from free office space and collaborate with small businesses.
3. Co-working Spaces - Co-working spaces can embrace the trend of shared office spaces and collaboration initiatives, allowing businesses to support social enterprises and foster an environment of collaboration within their communities.