We also spoke with some of Mark’s tenants. One suggestion we are considering is changing our name from TheCodeFactory to something else. The idea was that “TheCodeFactory” might be too narrow in scope as it applies primarily to software and our target market is really knowledge-based workers. If any readers had thoughts on “TheCodeFactory” name or potential alternatives we would be interested in hearing from you. Please feel free to add a comment.
Our next visit was with Eli from “The Centre for Social Innovation”. I was super impressed with this Eli and their facility. The Centre for Social Innovation is co-working space that has been in business for over three years. The building is an old factory that has been converted into workspace, tres cool. The space just exuded a culture of co-operation and participation. Attention has been paid to every detail. The amount of light in the space is incredible and inspiring, what a great work environment. Many thanks to Eli, we learned a great deal about how to make our space work and develop the appropriate culture. When I look at our space now I see an oyster shell; however, after seeing the centre for social innovation I know that there is a pearl in there waiting to happen.
Our final visit was with the good folks from MaRS. What an amazing facility, this gave me a better idea what the Innovation Hub talk is about. However, I still believe that $115M to $150M could be better used in Ottawa to facilitate innovation in the private sector rather than creating a $125M building and $15M to $25M in operating budget. I suspect if we could get 0.1% for “TheCodeFactory” of that budget in 2 - 3 years we could make a significant economic contribution to the Ottawa area. To measure economic contribution # Employees Created, Gross Payroll, Revenue and Money Raised by our members would be good metrics. These metrics are simple to collect and provide an excellent indication of our contribution to the local economy.