Earlier today local tech hub and co-working space, Hypercube Hub sent out its first communication for the year to the tech community. Besides the list of the events that the hub has got lined up for the month of February, it also highlighted the new membership options that are available for individuals and startup teams.
Since it opened its doors in the last part of 2013, Hypercube Hub has been offering a host of its services, facilities and access to a number of its events for free. This wasn’t a sustainable model and Hypercube wasn’t keen on making this a long-term arrangement.
Now, as part of its efforts to maintain operational viability, it has opened up its hub as an events and workshop centre. It has also introduced two types of membership plans; namely the basic and the permanent desk option. Details for signing up are available on the Hypercube Hub website.
The basic plan, which is on a first come first serve basis, is pegged at $5 for a one-day access or $50 for a full month’s access. This plan offers access to the hub’s open collaboration space, high-speed broadband access (subject to fair usage policy just to keep the torrenting at bay), six-day access to the hub per week (Hypercube opens from 8am to 8pm) and free or discounted access to the Hypercube Hub events.
The permanent desk plan is pegged at $100 per individual per month and it comes with all the basic plan benefits as well as access to administrative services like printing, permanent desk space and access to a meeting room and conference space. This plan can be extended into a lease of office space priced between $300 and $400 for startup teams of up to 4 individuals.
These paid for working space options are similar to what is being offered by Area 46, another co-working space in Harare. These are some of the revenue models that hubs and co-working spaces have to explore to remain sustainable.
The advantages for startups signing up to use these spaces include an integration into a community of small enterprises that are also on an aggressive growth tangent, as well as shared ideas and collaboration.
This is all supported by a transfer of certain administrative pains to the curators of the space. A good example is the hassle of issues like rates and power management solutions that trip up local businesses.