Attachment 5 - Economic Needs Analysis

                                                      Rufous St Master Plan Commercial Development


5.3     Digital Hub (320m2) Level 1 Commercial Building 253 DL Way




A Digital Hub is a shared workspace which houses several activities under one roof such as co
working, complimentary businesses and programs, incorporating public and private, community and
commercial.

It provides high speed and cutting -edge technical facilities and services, meeting rooms, event and
training spaces.

Freelancers, entrepreneurs, and small businesses can work from this flexible and shared workspace
for a monthly fee, together with established high growth businesses located in longer term office
spaces. These shared services amplify connection and innovation, providing opportunities for ideas
to flourish and businesses to grow.

The focus is on creating a central meeting point for tech, innovation and creative businesses in the
region.

Unlike a traditional office environment, a Digital Hub is highly curated and organised to connect
people, information and ideas to deliver strategic results. It actively works to attract and connect to
a diverse community with each other and a wider network of investors and businesses.

These components come together to support start-up accelerator programs, business incubators,
training programs and designer spaces etc. The exact components of each digital hub are
determined by the local environment.

Clustering these diverse activities together strengthens the business model for regional areas,
providing a similar culture for entrepreneurialism and opportunity already offered by co working
hubs in cities across Australia.