So you want to bring your community into a physical space in the heart of London?
Here’s what you need to know:
- Who should you be?
- What can you do?
- What will it cost?
- What’s next?
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→ fill in this form to apply!
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Who should you be?
- You are in the trenches at the frontier of your sector: ex-founder; community lead; researcher; capital allocator.
- You want to create an open community space. This is a great opportunity to accelerate your mission, but you must create an inclusive space for all members of FT.
- You want to be on the ground in central London (you can hire a community lead to support operations, but you need to show up!)
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What can you do?
- Access: Give members 24/7 access to the space as Frontier Tower citizens (membership fees apply).
- Equipment: design the space as you wish. 3D printers, workshop, bioprinters, movie room - the choices are endless.
- Events: Host unlimited events on your floor with a fair use policy of communal spaces within the tower.
- Sponsorship: Receive sponsorships for your community and space (we will support you with this process).
- Labs: Rent office or lab space to startups (provided this remains a minority of the floor)
- Operations: Hire community manager for day-to-day operations
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What will it cost?
There is no charge for the floor, but you will need to source capital / sponsorships to kickstart your floor.
***£30k is a good place to start (*we share some models for full operation below)
We can help you source this.
The economics:
- Memberships (£150/month): 80:20 revenue share with Frontier Tower
- Private office rental (on your floor) - also 80% to FT
- Events - 20% revenue share of ticketed events to FT
- Sponsorships - 80% to Floor, 20% to FT
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Budget Model
| Scenario |
Members |
Membership revenue (rev share) |
Private Office Rental (rev share) |
Sponsorship revenue |
Event revenue |
Total revenue |
| Conservative |
40 |
11.5k |
10k |
20k |
10k |
51.5k |
| KPI Target |
80 |
23k |
20k |
40k |
20k |
103k |
| Stretch |
120 |
34.6k |
20k |
60k |
20k |
134.6k |
We have modelled some floor operations:
Floor Operating Budget
Requirements: