A HUB for entrepreneurs has outgrown its co-working space mere months after officially opening its doors to help new start-ups in a sign Frankston is open for business.
The Frankston Foundry opened in September (“New start for business start-ups”, The Times 26/9/16) above the Commonwealth Bank office in Wells St and co-founders Cam Rambert and James Bertschik say it has been a case of “right place, right time” for the business hub to launch in Frankston.
Frankston itself was named this year as a major entrepreneurial hotspot by demographer Bernard Salt in an Australia-wide study commissioned by NBN Co.
Mr Salt found young Gen Y and older Baby Boomers, possibly facing post-employment life but not yet ready for retirement, have taken to self-employment and entrepreneurship.
“We’re riding a rising tide of business start-ups in Frankston,” Mr Cambert said.
New premises for the Frankston Foundry will see member capacity rise from 20 to 100 full or part-timers, will feature faster internet connections and will be 480 square metres in size, four times bigger than the current space.
“We’ll be able to install board rooms and eating areas away from work desks,” Mr Bertschik said.
“We’re on track to reach capacity before the end of the year so need to move.”
See frankstonfoundry.com for more information about the co-working space and business hub for start-up businesses.