Making light of companies choosing such sunny climates as California’s Silicon Valley to evade Boston’s winters, Taylor named the incubator “Deep Snow.” “I thought to go right in the face of that objection,” Taylor explained. “I wanted to do my part to help keep local IP in this town and create some jobs.”
Since its opening in January, two companies have moved into Deep Snow: a PR firm and RetireLife, an company which hosts an online directory for those caring for elderly individuals. “I moved into this incubator to surround myself with other startups and to get a new set of blood to bounce ideas off of,” said Meagin Shea, founder of RetireLife. Another six companies will have offices in DeepSnow by the end of the month, leaving 12 spaces open for future expansion. (Image courtesy of: http://www.xconomy.com/?attachment_id=65960)
Startups can expect to pay $200 a month for a desk in an open workspace and $250-$350 for an individual office in the 10,000 square foot Deep Snow incubator. All companies in the space share a kitchen, internet access, and a conference room, which they can rent for $75 an hour.
While keeping twenty companies from leaving Boston for Silicon Valley may seem as if it will barely tip the scales, as those companies grow, the number of jobs they create could definitely be consequential. Starting a new company can be very difficult. Thankfully, incubators, such as Deep Snow, are there to ensure entrepreneurs don’t have go it alone.
For more information visit: http://www.xconomy.com/boston/2010/03/02/monster-and-eons-founder-jeff-taylor-starts-incubator-as-protest-to-startups-fleeing-boston/
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