When Joshua Baer launched Capital Factory in 2008, his goal was to make it the “center of gravity” for Austin startups.
That’s pretty much what has happened: The downtown Austin-based tech accelerator and co-working space last year hosted 837 events including pitch events, hackathons, meet-ups and parties that drew 100,000 participants.
Now Capital Factory is ready for more, with a sleek new 10,000-square-foot event and VR space on the ground floor of the Omni hotel complex.
“A big machine for making connections -- that’s what this place has become,” Baer said. “You can meet your co-founder, your first customer, hire your first employee and get your first investor. All those things are life changing, game changing things.”
The new space is in addition to the fifth and sixteenth floors of the Omni that Capital Factory already occupies, and brings its total footprint to 60,000 square feet. (About 1,000 members currently lease co-working space on the upper floors.)
The ground floor space features a high-tech lounge and events area with a stage for demonstrating virtual and augmented reality projects. It also features a half dozen VR stations, a walk-in refrigerator, a bar and a robot art piece that serves beer.
It also includes office space for VR startups and meeting rooms and classrooms for smaller gatherings.
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