Makerspaces, much like coworking spaces, are on the rise in the United States. There are now over 500 such spaces across the country, and that number is expected to continue to grow. They can be located in schools, libraries, community centers or as their own for-profit or nonprofit organizations.
Makerspaces are basically shared working spaces that include tools for members or participants to use. These tools can range from letter presses, sewing machines and 3-D printers, to CNC machines and other high tech machinery such as laser cutters that allow people to design, prototype and manufacture products they wouldn’t otherwise be able to at home.
Many makerspaces provide training and education in the STEAM (science, technology, engineering, arts and math) subjects. Most have classes for both youth and adults that provide a revenue stream for the business, and collaboration is at the heart of what most makerspaces are about.
Makerspaces also foster entrepreneurship as new businesses are locating in and doing work from makerspaces. An example of this is in Richmond, where Build, RVA has created a foundation that helps entrepreneurs understand the patent process, support intellectual property ownership and provide financial assistance for product-based business development.
Makerspaces require different planning and more extensive resources than simple coworking, as space and equipment specific to makers are more expensive and specialized. Fab Lab estimates the cost of the recommended equipment for a makerspace at $100,000-125,000. It is important to create a business model for any makerspace so you can determine if it is something viable for your organization and community. This article is a good resource for what you need to think about when creating a makerspace.
Want to see a makerspace in action in Virginia? Try: