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How Coworking spaces are set to catalyse the startup ecosystem in tier 2 cities

The Coworking culture is aiming to boom in tier-2 cities if projections are to be believed. With the total space acquired by coworking spaces set to reach about 710 million square feet in 2020 in tier-2 cities, the entrepreneurial ecosystem is on a high rise. Metropolitan cities have witnessed exponential growth in the rise of coworking spaces as rentals have been soaring sky high and there has been a rapid increase in the number of startups lately. The next phase of this drastic growth is most likely to be witnessed by tier-2 cities. The rise is inevitable as the number of budding entrepreneurs in these cities is humongous. With the expansion of businesses, a relative space crunch is bound to be felt by many and all and the best option in the near sight is embracing the revolution of coworking space in Noida .

So how do these coworking spaces are likely to help the growth of entrepreneurs in tier-2 cities? Read on to know why. Engaging the tier-2 talent for better optimisation The Tier-2 cities are supposed to house up to 50 per cent of the start-ups that are believed to come up by 2020. Bigger industry players like Nasscom is expected to tap into 11,500 startups in the field of technology by 2020 alone. A larger part of these resources is bound to come in from smaller cities in place of metro cities. This will, in return, create a smart talent pool in smaller cities whilst slowing down the process of talent drain to metro cities, easing the burden on metros. An increased effort towards building coworking services spaces that will nurture


related industries and create jobs and businesses in the process. The end result is the growth of the local economy which is available at a sustainable cost.

Fostering a like-minded community Coworking spaces Noida create an environment shared by entrepreneurs with a common zeal. The start-ups share a common ground in terms of ideas, challenges and experiences. This is how coworking spaces bind startups together to create a hub of incubation and talent nurturing. What is the most necessary taking is the fact that when like-minded entrepreneurs come together, ideas and operations tend to be pooled and scaled faster.

Helping in Cost Cutting Rentals will be reduced as Tier-II cities have ample space to build a suitable infrastructure for coworking space in Noida. With large pockets of land sitting idle in smaller cities coworking spaces can use the area to build industryspecific provisions. Over time, it will become a launchpad for businesses of smaller and bigger scale alike. Shared use of operations staff is also a big takeaway from the idea of coworking spaces setting up shops in smaller cities providing regular employment to people and simultaneously lowering the cost of operations by more or less 30 per cent.

Helping the scale-up process


Scaling up is a challenge for all start-ups at some point or the other in their journey. The lack of capital and liquidity, along with a lack of expertise and good recruitment tools and resources are some commonly observed challenges faced by startups at the most initial stages. This is where Best coworking space in Noida dive-in to allow even a bootstrapper to start with limited minimum finance enabling him to grow. More coworking spaces can then be rented by the start-up as their operations grow. One does not have to go through the hassles of looking for a new space or build more infrastructure when your start-up starts to scale up. The beauty of a coworking space lies in the fact that it can accommodate the number of employees without having to bear the brunt of changing the address. Bonus points get to the ease of finding new talents, mentors and the right people for your venture as coworking spaces provides a huge network of like-minded individuals.

Ease of shutting shop, if need be Let's be honest, not all start-ups flourish. There are businesses that have failed to take off or ideas that did not fly high. Shutting down shop from a coworking Noida is a much easier process compared to when you are operating from a conventional office space. The most common facilities provided are usually on an ad-hoc basis and most of the infrastructure is leased. Hence, the cost of shutting shop is lower than stand-alone start-ups.


New entrepreneurs are constantly changing the way businesses are looked at. There have been paradigm shifts in mentality have already revolutionized the way business is looked at by new entrepreneurs. Coworking spaces are set to go big in tier-II cities like Ahmedabad, Jaipur, Kota, Indore etc.

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How Coworking spaces are set to catalyse the startup ecosystem in tier 2 cities  

Metropolitan cities have witnessed exponential growth in the rise of coworking spaces as rentals have been soaring sky high and there has be...

How Coworking spaces are set to catalyse the startup ecosystem in tier 2 cities  

Metropolitan cities have witnessed exponential growth in the rise of coworking spaces as rentals have been soaring sky high and there has be...

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