Boston's growing Innovation District is an example for other cities that want to develop a cutting-edge startup culture, a federal official said yesterday.
Winslow Sargeant, chief counsel for the Small Business Administration's office of advocacy, said Boston is "a Mecca for people from all over the world to launch out and build the next big company." He credited the city's Innovation District initiative, which he said has created a community of entrepreneurship and creativity.
"This ecosystem of innovation brings together entrepreneurs to share ideas and bring their vision to the marketplace. It presents a successful model and an ideal avenue for the public and private sectors to partner together for economic success," he said.
The Innovation District initiative, announced in 2010, has brought more than 4,000 jobs to the waterfront area, according to Nicole Fichera, the Innovation District manager for the Boston Redevelopment Authority.
She said the Hub has been approached by many cities that are working on similar initiatives for guidance, including some as far away as China and the Netherlands.
Sargeant, who grew up in Dorchester and graduated from Northeastern University, said Boston has become a great place to start a business: "If someone wants to start a company or if someone wants to explore what it takes to, there are people that they can talk to and places they can go to network with others."
Among the biggest benefits of Boston are the startup incubators and accelerators that offer shared work spaces. Sargeant met with many of them yesterday, including representatives from the Cambridge Innovation Center, MassChallenge and Bolt.
"These magic things happen that you can't really quantify" when entrepreneurs share work spaces, said Ben Einstein, founder of Bolt.
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