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.
Image credit: WeWork