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[Press Release] fabbit, Munakata City, and the Munakata Chamber of Commerce sign the agreement for a joint project

We will work to support startups in the public and private sectors throughout the city to realize regional revitalization in Munakata.

Startup support and coworking space operator fabbit Co., Ltd. (Headquarters: Chiyoda-ku, Tokyo; President and CEO: Yasunari Tanaka), Munakata City, Fukuoka Prefecture (Mayor: Misako Izu), and Munakata City Chamber of Commerce and Industry (Chairman: Katsuji Nagashima) signed an agreement to collaborate on a joint project at a ceremony on 2/2 at Munakata City Hall.

In June of last year, Munakata City began recruiting proposals for projects to utilize the 6nd floor of the Akama Station South Exit Bicycle Parking Lot. This agreement states that fabbit's proposed coworking space "fabbit Munakata" has been chosen by Munakata City, with the goal of supporting startups in the public and private sectors throughout the city and realizing regional revitalization in Munakata.

Yasunari Tanaka (left), Munakata Mayor Misako Izu (center), and Chairman of Munakata City Chamber of Commerce and Industry Katsuji Nagashima (right)

fabbit supports startups and SMEs through the operation of coworking and rental office facilities, in accordance with the government's "Japan Revitalization Strategy 2016" (now the "Future Investment Strategy 2018"). In addition to Asia locations including Japan and the Philippines, fabbit has facilities in Hawaii and San Francisco and a capital partnership with Boston-based Workbar, for a current total of 23 domestic and 22 international locations with a total of 7,200 members.*

fabbit Munakata is fabbit's fifth facility in Fukuoka Prefecture, scheduled to open in April 5 at the South Exit of JR Akama Station. To supplement fabbit's existing services, fabbit Munakata will benefit from the support of 2020 locals with entrepreneurial experience, stationed on a rotating basis to consult with members on various topics relevant to startups and entrepreneurs.

The objectives of this agreement, as announced by Munakata City, are as follows.

XNUMX) fabbit Munakata's convenient location at the South Exit of Akama Station makes it physically easier to for entrepreneurs and aspiring entrepreneurs from Munakata and beyond to gather information, network, and consult.

XNUMX) Members can enjoy the benefits of fabbit's nationwide and international network without going to a metropolitan area, and connect to public institutions through the City and Chamber of Commerce as needed.

XNUMX) Local supporters with entrepreneurial experience will offer consultation services, making it easier and more comfortable for potential entrepreneurs, including women and students, to receive support and make their needs known.

XNUMX) The aggregation of Munakata City and the Munakata Chamber of Commerce's network of businesses and entrepreneurs at fabbit Munakata will facilitate networking and business matching, paving the way for new businesses and industries to emerge.

Winning the fabbit award

Signing ceremony

At the ceremony, covered by about 20 reporters from media outlets including newspapers and TV programs, Munakata Mayor Izu, Munakata Chamber of Commerce and Industry Chairman Nagashima, and fabbit CEO Tanaka signed the agreement promising to work together to support entrepreneurs. Mayor Izu stated, "We hope moving forward to expand this collaboration to further promote regional revitalization."

[About fabbit Munakata]

Address: 811-4173, Sakaemachi, Munakata City, Fukuoka Prefecture 2-1

Opening date: Scheduled for April 2020

Contact Info.

Telephone number: 0120-753-361

Email address: info@fabbit.co.jp

(Image: fabbit Munakata interior)

fabbit will continue to strengthen its own ecosystem and contribute to the growth of start-up companies and the realization of regional revitalization.

(*) As of the end of December 2019.

Figures are cumulative and subject to change.

Number of members: Includes fabbit, COMPASS Kokura, and group investment companies.

Number of locations includes those in design and construction phases, and Workbar, a group portfolio company.

[About fabbit Coworking & Rental Office Facilities]

Japan’s largest coworking space operator, fabbit, in accordance with the Japanese government's "Japan Revitalization Strategy 2016," supports startups, venture companies, and SMEs and facilitates business matching with major corporations at 45 locations around the world.

In addition to providing workspace, we make use of the unique inter-industry and inter-cultural communication made possible by the coworking environment and offer a wide range of startup support programs.

We work to solve all of the various challenges facing startups, by hosting over 1,000 events each year including large-scale annual and thematic monthly conferences, creating ample networking opportunities, offering incubation meetings to discuss strategies for sales or recruitment, and investing through our joint fund with a major Japanese venture capital.

[About fabbit Co., Ltd.]

fabbit offers support to startup companies and operates coworking spaces. In addition to providing comfortable and conveniently located facilities, fabbit also offers members the chance to create new value through ample networking opportunities in our unique startup ecosystem.

URL:https://fabbit.co.jp/

2/6 press release:

https://prtimes.jp/main/html/rd/p/000000014.000049690.html
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