The Urban Hive, a popular collaborative work space in midtown Sacramento, plans to open a new 40,000-square-foot innovation space downtown during the first quarter of 2016.
The new facility announced Nov. 19, called I/O Labs will offer desk and office space, team rooms, and prototyping and media labs, along with larger spaces for established tech companies. In-house services – such as legal, finance, marketing and development – also will be on the premises.
The I/O Labs founders said they’re in talks with a Silicon Valley incubator and a San Francisco-based code academy to operate out of the space. Entrepreneurs Jan Roos and Ryan Norman, and several other backers in the startup community, are supporting the new project.
The Urban Hive at 1931 H Street in Sacramento is membership-based and opened in 2009 with about 6,700 square feet of floor area. The organization says there’s a three-year waitlist to get in. The location supports about 160 members, according its website.
“What Sacramento currently lacks is the ability to substantially support entrepreneurs beyond the earliest stages, and more is needed to drive innovation and create a more robust startup ecosystem in the area. As always, we’ll continue to work alongside other groups who support entrepreneurship in the greater Sacramento region,” said I/O co-founder Brandon Weber. “A common space is essential, but until now there hasn’t been one big enough to adequately house Sacramento’s top innovators all together and allow them to stay as they grow.”
