JOIN USA British startup is thriving by providing physical space and a “unique environment where technology startups can start up faster.” The success of its business model in London has spurred its CEO and co-founder Elizabeth Varley to look at opportunities in India.
Talking to Deccan Herald, Varley, on her maiden visit to India as part of a UK trade delegation, recalled the genesis of her firm TechHub. “After running an online community platform from 2001 to 2007, I thought of a focal point in London from where technological startups could work. I explored the idea with an acquaintance, Mike Butcher, Europe editor of Techcrunch (a publication that profiles startups and reviews Internet products). We finally launched TechHub in July, 2010.”
TechHub has two facilities spread across 15,000 sq ft in London; these are rent out to startups that are product-oriented technological companies at rates ranging from about £275 per month to £375 per year depending on the space availed and facilities offered. The company opened a facility in Latvia this year and will start business in Manchester next month, apart from acquiring about 30,000 sq ft space in London,” she added.