WeWork Opens Co-working ‘lab’ Space in Singapore
WeWork, an American company co-working space provider, has officially opened its new WeWork Lab located in Robinson Road and is expected to accommodate 50 members.
The lab is especially for the early-stage start-ups. It is the company’s innovation platform to give the members access to custom programming, mentorships, investments, and educational resources to grow their businesses. Co-working spaces have been growing in popularity across Singapore, and this is the latest co-working concept to be launched here.
By the end of the year, co-working spaces are expected to expand to around 1.4 million sq ft from 1.1 million sq ft, as reported from property consultant Edmund Tie & Company. There were about 110 co-working spaces as of May of last year. Nine co-working spaces that are in areas such as Suntec Tower, Anson Road, and Cross Street are WeWork’s co-working spaces among the 335 locations in 83 cities worldwide.
The head of Labs at WeWork Southeast Asia, Mr. Adrian Tan, said: “With the South-east Asia region experiencing unprecedented growth in terms of commercial innovation and investments, there are still key dynamics at play that remains a puzzle to outsiders due to its cultural differences, nuances in consumer behaviors and the rapid pace of change.”