Coworking community WeWork has transformed the way companies function from startups to corporate businesses. WeWork was founded back in 2010 and is currently headquartered in New York with over 460,000 members around the world and in 105 cities.
WeWork Labs was introduced in 2018 to accelerate startups and provide early-stage startups with desk space, educational programs, and mentorship.
“When you look at the global WeWork business, we serve a lot of different customers. We saw this opportunity with our global expansion that we could actually support our customers in a new way,” said Prahdeep Singh, who is the Global Head of Operations, WeWork Labs.
“WeWork Labs is two different things – we have our core product which is the startup program typically located in a WeWork building, and then we have a Labs Manager who is a dedicated person, usually from an entrepreneurial background who is there to create customised programs and offer mentorship for the startups.” Singh reported that the incubator aims to “provide startups coming through with a huge amount of resources.”
WeWork Labs was launched in London for the Europe division– “within a month the office was completely full,” added Kenneth Siber, who is the Head of WeWork Labs for UK & Ireland.
“The startup community is underserved and we believe this is an area where we can have a large impact. WeWork Labs provides scale-ups with a community and mentorship, and they share an office with peers who are going through the same thing. The people and businesses that come through the program are phenomenal.”
WeWork Labs is expanding on a global scale – since its launch in January 2018, and has opened offices in over 24 locations in 14 cities and 9 countries. It is supporting over 1,000 startup companies around the globe. The project is expanding in the British capital by opening two more offices in Devonshire Square and Merchant Square, and also in Manchester.