Topic: Make it local. How we can use place-making and the passions and interests of the people already living here to create a living economy for the 21st century?
Currently, start-ups are dominated by tech, for the most part coders writing apps for Smart Phones and Tablets. Business plans for such apps aim primarily at drawing people navigating the internet to click ads, the main revenue source.
But there are alternative venues for start-ups. According to Nicco Mele's The End of Big, venues can be found by mining local resources and former industries. Former industries may lay fallow, but they still hold spacious and sturdy quarters, expensive equipment and access to skills,f or which business plans can shift their aim from clicking ads toward making things. Making things locally and cost effectively.
By leveraging cheap space, regenerated assets and recaptured skills, start-ups require almost no capital investment. Crowdsourcing and crowdfunding allow start-ups to combine diffuse but valuable assets and stranded skills to solve local problems, locally, through distributed making. Come hear more about this stimulating and timely topic. Hope to see you next week.