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Hubble SIGNED

Hubble – smart workplace allocation platform

Total Cost €

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EC-Contrib. €

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Partnership

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 Hubble project word cloud

Explore the words cloud of the Hubble project. It provides you a very rough idea of what is the project "Hubble" about.

2020    affordable    property    right    company    class    review    area    productive    job    customers    left    risks    prepare    full    space    40k    intermediates    generating    lack    contracts    unprecedented    sme    providers    six    breakthrough    failing    flexible    january    financial    financing    industry    saas    excess    share    adds    business    payments    desks    gap    disrupting    revenue    hubble    london    estate    expand    feasibility    filling    500    annualized    mostly    commercial    smes    online    incentive    wishes    models    transparency    legacy    reducing    local    service    establishment    companies       counts    economic    otherwise    economy    sales    helps    2017    speed    offices    base    capacity    agents    marketplace    plan    offers    registered    500k    usability    assumptions    opaque    searching    creation    tangible    reduce    total    lower    processed    market    location    benefits    recorded    cities    pound    practical    monthly    instrument    horizon    direct    dependence    barriers    renting    office    businesses    favorable    provides    marketing    clear    platform    check    approximately    assets    ipr    patentability   

Project "Hubble" data sheet

The following table provides information about the project.

Coordinator
SPACIOUS LTD 

Organization address
address: 2ND FLOOR BLOCK A STAPLETON HOUSE 110 CLIFTON STREET
city: LONDON
postcode: EC2A4HT
website: n.a.

contact info
title: n.a.
name: n.a.
surname: n.a.
function: n.a.
email: n.a.
telephone: n.a.
fax: n.a.

 Coordinator Country United Kingdom [UK]
 Project website https://hubblehq.com/office-space-manchester
 Total cost 71˙429 €
 EC max contribution 50˙000 € (70%)
 Programme 1. H2020-EU.2.1.1. (INDUSTRIAL LEADERSHIP - Leadership in enabling and industrial technologies - Information and Communication Technologies (ICT))
2. H2020-EU.2.3.1. (Mainstreaming SME support, especially through a dedicated instrument)
 Code Call H2020-SMEINST-1-2016-2017
 Funding Scheme SME-1
 Starting year 2017
 Duration (year-month-day) from 2017-04-01   to  2017-09-30

 Partnership

Take a look of project's partnership.

# participants  country  role  EC contrib. [€] 
1    SPACIOUS LTD UK (LONDON) coordinator 50˙000.00

Map

 Project objective

Hubble is a breakthrough SaaS platform which intermediates between SMEs searching for commercial real estate and providers with available property by offering a marketplace for commercial real estate to help manage the renting of excess capacity within offices and flexible service providers. Hubble provides best-class usability to find the right location quickly, and through the use of clear online contracts and payments, processed and recorded on the platform, adds unprecedented transparency to an otherwise, very opaque industry. The platform is disrupting the market by filling the gap left by traditional real estate agents, who are failing SMEs due to a lack of incentive and dependence on legacy business models and offers direct, tangible economic benefits to its target customers, by improving speed, reducing costs and increasing transparency. Hubble helps lower the barriers for new businesses, helps companies share office space and reduce their cost base, makes office space more affordable. Overall, the European economy benefits from more favorable business establishment conditions, more productive use of existing real estate assets, and job creation.In January 2017, Hubble counts 1,500 registered offices, 20,000 desks mostly focused in the London area, which is approximately 2,5% of the local market, with a monthly revenue of £40K, generating a total of £500K in annualized revenue.

The company has so far focused on the London market. It now wishes to expand into key cities across Europe and beyond. To enable this, the company is applying to undertake a six-month feasibility study through the Horizon 2020 SME Instrument Phase 1. The study will include a user review to assess needs and take-up, a technology review to enhance the product, marketing and sales analysis to test practical approaches, financial review to check assumptions and risks, an IPR review into patentability, and a full business plan to prepare for further financing.

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The information about "HUBBLE" are provided by the European Opendata Portal: CORDIS opendata.

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