Hub Melbourne Overview September 2010

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Hub Melbourne Overview September 2010

  1. 1. inspiring people. innovative places. world-changing ideas HUB MELBOURNE OVERVIEW – SEPTEMBER 2010
  2. 2. 01 THE STORY IN 60 SECONDS What is Hub Melbourne? Hub Melbourne is a community of people, places and ideas. It´s home will be a creative and social innovation centre located across from Southern Cross Station. We believe that there is no absence of good ideas in the world. The problem is a crisis of access, scale, resources and impact. So it felt vital to create places around the world for accessing space, resources, connections, knowledge, experience and investment. Hub Melbourne is part of the gl obal Hub network which works across five continents, and over 23 cities to create places for people who change things. The Hub attracts ´people making good´ from within and beyond the public, private and third sectors. These are the brave professionals working at ´new frontiers´ to tackle both the worlds and the local communities most pressing social, cultural and environmental challenges. At a practical level, the Hub is a co-working and event space available to organisations and individuals of all types to subscribe to on a monthly membership basis. The Hub offers its members time based access to infrastructure (such as desks, chairs, IT, meeting rooms, event spaces etc) in a shared and collaborative space. However, the Hub is much more than just a shared office space. The Hub facilitates social innovation and enterprise through connecting organisations and individuals to collaborate, generate and create. The Hub invites lawyers to share space with artists, economists with designers, youth workers with advertising executives. By connecting passionate individuals ,The Hub allows the sharing of visions, expertise, skills and resources. Through this process creative social ventures or enterprises are borne - ventures that are capable of making our world a more connected, more creative, and better place. 25 SEPTEMBER 2009
  3. 3. 02 HEADLINES | 23 HUBS OPERATE IN | 8 HUBS ARE CURRENTLY BEING CO- | 1 72% COMMUNITY- POWERED | OF HUB MEMBERS | COLLABORATE 7,000 VALUES-DRIVEN MEMBERS GLOBALLY 5000 21 CITIES INFRASTRUCTURE TOGETHER ON SPREAD CREATED PROVIDING ACCESS PROJECTS – THE SEEDING & ACROSS 5 ACROSS TO RESOURCES, SOURCE OF SCALING IDEAS CONTINENTS AUSTRALIA AND KNOWLEDGE, ´CREATIVE THAT MIGHT JUST NEW ZEALAND. CAPITAL AND FRICTION´ THAT CHANGE THE HUB EXPERIENCE FOSTERS SOCIAL WORLD MELBOURNE INNOVATION. WILL OPEN FEBRUARY 2011.
  4. 4. 03ÍNVITATION An invitation… This is an invitation to be part of a unique global ecosystem of people, places and ideas dedicated to creating a better worl d. The Hub is about the power of people with ideas. It‟s about the audacity, optimism and drive of the people who believe they can change things. Change minds, change lives, and ultimately change the world a little. This is the thing. Another world is not just possible, it‟s happening. People from every profession, background and culture are being united by one thing - the imagination and drive to pursue enterprising ideas for a radically better world. These are the people who see and do things differently. The entrepreneurs, the executives, the policy-makers, the freelance professionals, the community leaders. The Hub is becoming the place they call home. Hubs can be found in cities all over the world. They are places to work, meet, innovate, learn and relax. They are designed for people who crave the inspiration, resources, knowledge, connections and investment to start and grow new ideas. In the same way that an ecosystem is about the interaction of living things with their environment, the Hub is about the power of inspiring places where new connections, relationships and initiatives can evolve, adapt and thrive. 25 SEPTEMBER 2009
  5. 5. 04MISSION Local impact, global reach Hub Melbourne is part of a unique local and global ecosystem of people, places and ideas. Things began in a derelict warehouse in London five years ago, and now the network expands to places as diverse as San Franci sco, Bombay, Sao Paulo and Amsterdam. A further 15 Hubs will open in 2010, with the ambition to exceed 60 by 2013. 2010 plans include the opening of the first „rural‟ Hub in Oaxaca in Mexico, the first Peace Hub in Kabul, and the first „emerging market‟ Hub in Minneapolis along with clusters of pop-up Hubs in Sao Paulo and London. Our mission is to create a global network of values-driven entrepreneurs working together to create a radically better world. Our ambition is to be an organization of global significance in the 21 st century - an infrastructure and diverse community of enterprising, free-thinkers and doers with the focus and agility to solve some of the most pressing problems facing the world today. For Victorians and Australians, Hub Melbourne offers this unique opportunity. 25 SEPTEMBER 2009
  6. 6. 05BUSINESS MODEL & GOVERNANCE A self sustaining social enterprise Business model Hub is a social mission focused organization that earns revenue from membership fees and partnership fees in order to sustain its operations. It is founded as a for-profit social enterprise where profits are used to enable the community projects of its members as well as provide a return to social investors. Whilst grants are sought at start-up or to enable a particular initiative, Hub is not dependant on grants in order to remain viable. Hub Melbourne is 100% Melbourne owned and operated and pays a small license fee to Hub World in order to access the global Hub network of over 5000 members spread over 6 continents. Hub´s social impact and collaborative potential is dependent on a diverse range of different people and initiatives being part of the Hub community. It is committed to providing affordable access to the facilities, technology and networks that projects need to get off the ground and flourish. Hub adopts a tiered and flexible pricing structure that provides discounted rates for start-ups and fellowships for non-funded initiatives. Hub is able to do this, and remain viable, because of its incredibly efficient use of space and ability to turnover the number of people using the Hub several times in a day. Governance Hub Melbourne practices transparency and accountability and embodies quality legal, financial and governance practices. Hub Melbourne has an advisory council and is committed to forming a legally constituted board prior to opening in February 2011. The space will be created in the Pop-Up Hub for members to form a Members Committee to ensure that the social mission is adhered to and members needs are constantly met. Governance will consequently include a legally constituted board, an advisory council, a 25members committee SEPTEMBER 2009 and a reporting regimen that will report quarterly on its financial, environmental and social impact performance.
  7. 7. 06 NUMBERS – BEYOND THE FINANCIALS Social Impact + + + Resources accessible to all: Hub Timebank Projects supported: Collaboration: Flexible Hours and Thousands of hours a Over 7000 by 2009. The 72% of Hub members Memberships provide highly year of members time Hub is about social collaborate together on affordable access to the tools invested in local schools innovation, the more projects. This creates and trimmings to start a project and mentoring members, the more the ´creative friction´ and projects with social impact chance encounters that from $20 a month it supports. foster social innovation.
  8. 8. 07 NUMBERS – BEYOND THE FINANCIALS Environmental Impact THE HUB 100% renewable 65% recycling rate energy 55% less waste Zero Carbon in use THE OFFICE 4% use of renewable energy 10% recycling rate
  9. 9. 08 STATUS Realising Hub Melbourne Hub Melbourne will open in February 2011. To enable us to truly co-create the amazing space and community that Hub Melbourne seeks to be, we will commence the lease at Donkey Wheel House before we officially open. From October 15 th , we will create the Hub Melbourne Incubator that will be equipped with the furniture, technology and amenities that you need to operate your businesses, projects and events. The Hub Melbourne Incubator will be a unique and exciting opportunity to co-create the Hub Melbourne community. Much more than a workspace, the Incubator will include learning experiences, events and the opportunity to collaborate with a group of passionate, diverse, creative, and values driven individuals. There is a 10 strong core team being supported by dozens of other collaborators working towards the opening. Hub Melbourne i s now in the process of attracting and engaging with amazing people and organizations that will become founding investors, directors, advisors, members and partners. A significant milestone was recently achieved when Hub Melbourne was selected as one of just ten social enterprises in Victori a to participate in the Social Traders CRUNCH program which provides mentoring, business development support and financial investment to enable and support social enterprises.. Hub Melbourne is supporting teams in Sydney, Brisbane, Perth and Auckland to realise Hubs. Following proof that Hub Melbourne is generating financial, social and environmental value, we are committed to innovating and adapting our business model to establish and support Regional, Rural and Island Hubs that will truly connect social innovation in the Oceania region. Our ambition is to grow both the number of physical Hubs, and the range of services we can offer to the communities we serve - for example, into the realm of professional services and venture capital for values driven entrepreneurs. 25 SEPTEMBER 2009
  10. 10. “This place is proving what is possible.” Kofi Annan ‘Probably the most gutsy and ‘We’ve been searching the world for a physical space dynamic event I have ever been to.’ that embodies and cultivates our ideas. At The Hub we have found it.’ Dame Anita Roddick, The Body Shop Dr Otto Scharmer, MIT www.hubmelbourne.com For all enquiries please contact: Brad Krauskopf brad.krauskopf@the-hub.net +61 417 740 007

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