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Prabandhan: Indian Journal of Management

ISSN: 0975-2854 Frequency: Monthly Peer Review: Double-blind Published since: 2008 Language: English
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Value Addition for Technology Start-Ups Through Physical Co-Location

Open Access Original Article

Value Addition for Technology Start-Ups Through Physical Co-Location

Radhika Venkat1,  Amit Gupta2,  Jayanta Banerjee3,  Ramesh Babu Chellappan4

1 PhD Scholar (Management), Jain University, 319, 17th Cross, 25th Main, JP Nagar, 6th Phase, Bangalore – 560 078, Karnataka

2 Former Professor, Jain University, 319, 17th Cross, 25th Main, JP Nagar, 6th Phase, Bangalore – 560 078, Karnataka

3 Associate Professor, Christ University, Hosur Road, Bangalore – 560 029, Karnataka.

4 Management Researcher and Consultant & PhD Scholar (Management), Jain University, 319, 17th Cross, 25th Main, JP Nagar, 6th Phase, Bangalore – 560 078, Karnataka

Volume 14
Issue 11
Pages 8–24
Year 2021
Received: May 25, 2021 Accepted: Oct. 20, 2021 Published: Nov. 15, 2021
Abstract

Numerous economic theories, knowledge, social, and communication theories have extensively explored the phenomenon of ‘physical co-location’ in various contexts. However, limited scholarly attention has been given to co-location in emerging contexts such as co-working spaces, predominantly used by start-ups. One of the critical questions examined is how co-location adds value to technology start-ups in the early and growth stages of their development. We chose a premium coworking space in Bangalore, India’s start-up capital, as the study’s research setting during January – March 2020. The qualitative research employed semi-structured interviews to explore the phenomenon. Our findings revealed that start-ups actively used co-located resources to explore, experiment, and validate new business ideas in the early stage. As they transitioned into the growth phase, they exploited co-located industry networks to expand into new markets. They also learned vicariously from other co-located resources and used them to solve complex problems and refined their processes and routines. As start-ups begin to grow and expand, co-location infrastructure-related costs are not justifiable, operations are less secure, and the meta culture of the co-located environment is in conflict with the firm’s operating culture. The results of this study have the potential to be significant for technology start-ups that are exploring new ways of working and addressing uncertainties during the early and growth stages of their development.

Keywords Co-location Start-up Life Cycle Value Addition Vicarious Learning Opportunity Coworking
How to Cite

Radhika Venkat, Amit Gupta, Jayanta Banerjee, Ramesh Babu Chellappan (2021). Value Addition for Technology Start-Ups Through Physical Co-Location. Prabandhan: Indian Journal of Management, 14(11), 8–24. https://doi.org/10.17010/pijom/2021/v14i11/166978

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