Venture Hubs are the front door to entrepreneurship in a city.  They act as a connector, physical space, and resource to venture-scale companies. People can show up and, in many ways, get all the resources that they need. But there are three things you hear hubs do over and over again:

1. Being a source of resources or people for startups.
2. Having a space or platform to facilitate these connections.
3. Working with venture-scale companies.

Hubs are different from accelerators and studios. Venture Studio operators are finding talent and bringing ideas to the table, matching talent with ideas, and creating companies from scratch that ultimately get launched. Venture Accelerators find a fully formed company, one or more at a time, spend three to six months with them, surround them with mentors and then ultimately propel them out of the accelerator into the world. And you’re seeing just giant success with them. Over the last decade, 21,000 startups have been launched out of Morrow’s Global Accelerator Network. And that number isn’t slowing down anytime soon.

These two groups (venture accelerators and studios) are forming companies from the ground up. But after they’re formed, most founders are looking for places to go to scale. And this is where Venture Hubs come into play. They’re the physical home for fully formed companies to grow and scale, receiving much-needed connections to grow their companies.