Hub Melbourne Overview
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Transcript of Hub Melbourne Overview
HUB MELBOURNE OVERVIEW – JULY 2010
WHERE CHANGE GOES TO WORK.
THE STORY IN 60 SECONDS
01
25 SEPTEMBER 2009
What is Hub Melbourne?Hub Melbourne is a community of people, places and ideas. It´s physical home will be a creative and social
innovation centre located just 20 meters from Southern Cross Station. Scheduled to open in March 2011, Hub
Melbourne will link Victorians to regional, national and international networks of people working to create
positive social change. Hub Melbourne will personify and leverage the culturally diverse, creative and
innovative nature of Melbourne to create a socially inclusive ´third place´ for the community to imagine,
implement and scale their initiatives for a better world.
The Hub, founded in London in 2005, is a global network of independently owned and operated Hubs currently
situated across five continents and over 23 cities. Hub Melbourne will be the first in Oceania. The Hub
attracts people who change things from within and beyond the public, private and third sectors. These are the
brave professionals working at ´new frontiers´ to tackle both the world´s, and local communities, most
pressing social, cultural and environmental challenges.
There is no absence of good ideas. Ideas are important. For Individuals, Organisations. Communities. The
economy. Our lives. 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.
We create places that borrow from the best of a member’s club, an innovation agency, a serviced office and a
think-tank to create a very different kind of innovation environment. Places for working, meeting, learning,
innovating and collaborating. Places with all the tools and trimmings needed to grow and develop new ventures.
Places to access experience, knowledge, finance and markets. And above all, places for experience and
encounter, full of diverse people doing amazing things.
5000VALUES-DRIVEN MEMBERS GLOBALLY SEEDING & SCALING IDEAS THAT MIGHT JUST CHANGE THE WORLD
23HUBS OPERATE IN 21 CITIES SPREAD ACROSS 5 CONTINENTS
COMMUNITY-POWERED INFRASTRUCTURE PROVIDING ACCESS TO RESOURCES, KNOWLEDGE, CAPITAL AND EXPERIENCE
| 7,000
|| |1
HEADLINES
02
OF HUB MEMBERS COLLABORATE TOGETHER ON PROJECTS – THE SOURCE OF ´CREATIVE FRICTION´ THAT FOSTERS SOCIAL INNOVATION.
72%|8 HUBS ARE CURRENTLY
BEING CO-CREATED ACROSS AUSTRALIA AND NEW ZEALAND. HUB MELBOURNE WILL OPEN MARCH 2011.
ÍNVITATION
25 SEPTEMBER 2009
An invitation…This is an invitation to be part of a unique global ecosystem of people, places and ideas dedicated to
creating a better world.
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.
03
MISSION
25 SEPTEMBER 2009
Local impact, global reachHub 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 Francisco, 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 21st
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.
04
BUSINESS MODEL & GOVERNANCE
05
25 SEPTEMBER 2009
A self sustaining social enterpriseBusiness 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 patient 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%
Australian 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 will have a legally constituted board, an advisory council and a members committee to ensure
that the social mission is adhered to and members needs are constantly met. It has adopted its own reporting regimen
where it will publicly report on its financial, environmental and social impact performance.
NUMBERS – BEYOND THE FINANCIALS
06Social Impact
Projects
supported:
Over 7000 by 2009.
The Hub is about
social innovation,
the more members,
the more projects
with social impact
it supports.
+
Collaboration:
72% of Hub
members
collaborate
together on
projects. This
creates the
´creative
friction´ and
chance
encounters that
foster social
innovation.
Resources accessible
to all:
Flexible Hours and
Memberships provide
highly affordable
access to the tools
and trimmings to
start a project from
$20 a month
Hub Timebank
Thousands of
hours a year of
members time
invested in
local schools
and mentoring
+ +
Environmental Impact
100% renewable
energy
Zero Carbon in
use
65% recycling
rate
55% less waste
4% use of renewable energy
10% recycling rate
THE HUB
THE OFFICE
07NUMBERS – BEYOND THE FINANCIALS
STATUS
25 SEPTEMBER 2009
Hub Melbourne mobilizes Hub Melbourne has completed a feasibility study, established demand and adapted the proven business
model of The Hub to local conditions. Lease discussions are underway for a 1100m space in a stunning
heritage building at 673 Bourke Street. The space will include a unique mix of co-working, meeting,
event, performance, gallery, cinema, lounge, library, conversation, studio and thinking spaces that
will enable an amazingly diverse mix of people to co-inhabit the Hub. Most importantly, a community
numbering in excess of 400 people have already gathered around the Hub project and a 30 strong team
are now meeting and working regularly to lead the co-creation of Hub Melbourne.
The team is now in the process of attracting and engaging with amazing people and organizations that
will become founding investors, directors, advisors, members and partners. Regionally, Hub teams from
across Australia and New Zealand are seeking to develop Partnerships with corporate, government,
education, arts and N4P organizations that believe in the value creation potential of social
innovation.
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 Hub models 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.
08
‘Probably the most gutsy and
dynamic event I have ever been to.’
Dame Anita Roddick, The Body Shop
‘We’ve been searching the world for a physical space
that embodies and cultivates our ideas.
At The Hub we have found it.’
Dr Otto Scharmer, MIT
“This place is proving what is possible.” Kofi Annan
For all enquiries please contact:
Brad Krauskopf [email protected] +61 417 740 007