WeWork is shifting its focus to food and agricultural startups, with a newly announced initiative dubbed WeWork Food Labs.
The lab will consist of two main areas of focus. The first being a coworking space for food and tech industry startups that are in the early stages of development. The second will be an accelerator that will sign a select number of entrepreneurs for a six-month contract. In the first year, WeWork has said it will offer a $1 million investment to the first round of companies selected to participate.
This initiative effectively demonstrates the growth of coworking spaces, as WeWork is exploring new avenues and redefining what a flexible working place really looks like.
Co-Working Space Food Labs
WeWork Food Labs Focuses on Agricultural Startups
Trend Themes
1. Agricultural Startups - Opportunity for disruptive innovation in the agriculture industry through the support and collaboration of coworking spaces.
2. Food Tech - Potential for disruptive innovation within the food technology industry as coworking spaces provide a collaborative environment for early stage startups.
3. Flexible Working - Opportunity for disruptive innovation in the concept of flexible working, as coworking spaces continue to redefine traditional office spaces.
Industry Implications
1. Agriculture - Coworking spaces like WeWork Food Labs provide a platform for agricultural startups to flourish and disrupt the industry.
2. Food Technology - By offering coworking spaces and investment opportunities, WeWork Food Labs supports disruptive innovation in the food technology industry.
3. Office Spaces - Flexible coworking spaces redefine traditional office spaces and present opportunities for disruptive innovation within the industry.