Future Citie - Catapult City as Host

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About

How does the city use space to create opportunities for high growth companies?

 
Tier 1 - Top performers
 
Tier 2
 
Tier 3
 
Tier 4
Why it's important

Physical proximity matters for entrepreneurs and their businesses. There is real value in being close to potential collaborators, customers, advisors, employees and investors.

Businesses are moving from business parks located in the suburban outskirts of cities to centrally located districts, areas where people live, work and connect; in offices, at meet-ups, in coffee shops. These areas of innovation in cities are often spontaneous and self-organising.

However, centrally located, flexible office space frequently comes at a high price and is less suited to the fast-changing requirements of high-growth companies. Public spaces and infrastructure often need investment to support young businesses, and networks can require some curation to reach their full potential.

High-performing cities are seeing the value of integrating the needs of young businesses into their development plans in a way that supports access to flexible office space and connects disparate parts of the entrepreneurial ecosystem.

 

What we looked for in cities
Access to office space and support networks
Facilitate collaboration and matchmaking
1

Support access to co-working spaces

Co-working spaces offer cheap and collaborative environments for entrepreneurs to get early stage ventures off the ground.
2

Support incubator and accelerator schemes

Incubator and accelerator schemes provide vital support services for early stage ventures, increasing the likelihood of commercial success.
3

Enable access to affordable and flexible office space

Office space is a significant overhead cost for early stage ventures and the flexibility required by growing businesses can be hard to find.
4

Nurture of Innovation Districts

Innovation Districts can bring together diverse parts of the ecosystem to facilitate collaboration and growth.
5

Play the role of matchmaker within the ecosystem

Networks sometimes need curation to meet their full potential. Cities can act as matchmakers to bring all the stakeholders and opportunities together.
Access to office space and support networks
1
Support access to co-working spaces
Co-working spaces offer cheap and collaborative environments for entrepreneurs to get early stage ventures off the ground.
2
Support incubator and accelerator schemes
Incubator and accelerator schemes provide vital support services for early stage ventures, increasing the likelihood of commercial success.
3
Enable access to affordable and flexible office space
Office space is a significant overhead cost for early stage ventures and the flexibility required by growing businesses can be hard to find.
Facilitate collaboration and matchmaking
4
Nurture of Innovation Districts
Innovation Districts can bring together diverse parts of the ecosystem to facilitate collaboration and growth.
5
Play the role of matchmaker within the ecosystem
Networks sometimes need curation to meet their full potential. Cities can act as matchmakers to bring all the stakeholders and opportunities together.
INSIGHTS FROM LEADING CITIES
Future Citie - Catapult

Seven years ago, Paris created an incubator plan to establish 100,000m2 dedicated to innovative companies. Led by entrepreneur Xavier Niel, the private sector has since taken this initiative on, and the space in the 13th arrondissement will host the 1000 Start-ups project.

Future Citie - Catapult

Buenos Aires has been active in revitalising areas of the city into innovation districts with different themes – the first being technology. This initiative will transform local neighbourhoods, with tax incentives for locating there.

Future Citie - Catapult

Tel Aviv’s ILVenture is an open platform for start-ups, investors, accelerators and others in the city interested in innovation. It allows users to post jobs, services and programmes, and to search for investors and potential hires.