TheCodeFactory is preparing to pack its bags and move a few blocks to a new location with a lot more space.
© Supplied photo
100 Gloucester St., the site of TheCodeFactory's new office.
The local incubator, which was founded in 2008, currently resides at 246 Queen St. but will relocate to 100 Gloucester St. by April 1, says founder Ian Graham.
“It’s pretty funky,” Mr. Graham says of the new office, which is above Grounded Kitchen & Coffeehouse and includes the third and fourth floors that were previously occupied by a law firm. The new office’s 7,600 square feet are an expansion from the current office’s 5,500 square feet, and will include a cafeteria and more offices.
The move was triggered by the Queen Street lease coming to a close, but also a desire to go from what Mr. Graham calls TheCodeFactory 1.0 to 2.0.
“Things have changed a lot since we started,” he says. “When we first started, we were really the only game in town in terms of coworking and incubating. It’s a lot more populated market now. I’ve looked at what everyone else is doing and I’m charting out a new course for us.”
That new course will involve hosting less events – of which TheCodeFactory has hosted more than 1,000 and up to 20 per month – and instead focus more on the startups who pay rent and remain regular patrons of the co-working space.
“The people who are clients are the people we’re going to dedicate the most energy to,” he says.
During its early days, most local groups began or hosted events at TheCodeFactory at one point or another, including programmer group CocoaHeads Ottawa-Gatineau, startup event series TeamCamp and developer group Ottawa Android. Now, there are many other places that local groups can host events, Mr. Graham says, although the new location will likely host four to six events per month.
The new office will be more professional and upscale than its current location, and will focus more on incubation than co-working.
Renovations have begun in the new office space on Gloucester Street, the costs of which Mr. Graham declined to provide.
The move will relocate Mr. Graham and the eight startups who work in TheCodeFactory full-time, along with approximately 20 part-time startups. Many of those early-stage companies are growing, Mr. Graham says.
“By staying in our existing space, we probably would have lost them” he says. “This gives us an opportunity to participate further in their growth.”
The local incubator has helped to create about 20 jobs and contribute approximately $1 million to the economy with its residing startups, says Mr. Graham. He adds he will be working over the next six months to recruit more startups and expand its tenant list, as well as hire an additional full-time employee to add to the current two staff members.
TheCodeFactory offers rentable workspaces including virtual offices, desks, private offices and meeting rooms.
In October, another local incubator – Exploriem – also expanded its workspace with a move, going from the Lincoln Fields Shopping Centre to the Lee Valley Tools building on Morrison Drive.