HitForge closely follows the record company model, which I discussed with various people at a great party at a co-working type space in Cambridge last Friday. The idea is to develop several concurrent $50k projects, with the most promising get additional resources and support. IdeaLab was successful with this model back in the day, when startup costs were still far higher than they are today.
As for space and proximity to resources, the Cambridge Innovation Center looks like a nice space, as well as various co-working initiatives. Me, IÂ want to get out of my home offfice. After five years I’m ready for a change and would welcome the opportunity to get involved with entrepreneurs in an incubator-style workspace.