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CIC: Catalyzing Entrepreneurial Ecosystems (B)
CIC engages in "guerrilla warfare," offering free or highly discounted rates in order to get its empty offices filled before the opening day of its St. Louis branch. Opening day is a huge success, and CIC St. Louis grows rapidly, even opening a second building. In the following years, it ramps up its expansion efforts and opens new branches or begins the expansion process in multiple cities around the country and the world, as well as expanding its Boston/Cambridge offerings and beginning the expansion process in new cities. CIC is now considering how to improve their expansion operations, while also trying to figure out how fast they should be moving. -
CIC: Catalyzing Entrepreneurial Ecosystems (A)
CIC creates "entrepreneurial ecosystems," renting out office and co-working space to start-ups and related companies and providing basic business needs like wi-fi and legal advice. Founder Tim Rowe refers to the CIC as "innovation infrastructure," bringing together money, talent and ideas in one place. Founded in Cambridge in 1999, CIC has since grown to become one of the largest concentrations of entrepreneurial activity in the world and has expanded to multiple locations across the Boston area. Rowe envisions taking this model to cities across the world, and CIC is in fact about to open a new branch in St. Louis, their first location outside greater Boston. He is concerned, though, because one month from opening day, CIC still has a lot of empty space and few clients signed up. Rowe and his team have to consider how to quickly bring in more clients before opening day, and, more broadly, whether the CIC idea will work outside the Boston/Cambridge area.