| frequently asked questions |
 |
Why locate at CIC instead
of subletting or leasing space directly?
CIC costs less: An anecdote may serve best here. Recently,
a $1B Boston-based VC fund invested in a CIC tenant asked them
to analyze the costs of staying at CIC vs. moving to their own
leased space. They expected to find that permanent leased space
was cheaper. What they actually found was that, in a full cost
analysis, looking at a company's "total cost of infrastructure",
CIC was materially less expensive than direct leasing for this
18-person company. Call Tim Rowe or Geoff Mamlet at 617-758-4200
and one of us will help you build a similar spreadsheet for your
business. You can simply modify this spreadsheet to fit your specific
situation, so you know the numbers truly reflect your situation
and needs.
Environment: CIC residents benefit from associating
with other high quality start-ups, investors and serial entrepreneurs
within the CIC environment.
Flexibility: CIC does not require long-term
leases. CIC requires only one-month deposit and rental is on a
month-to-month basis. Few other space solutions provide this level
of flexibility. This flexibility is very important for emerging
technology companies, because most do not know what their needs
are going to be 6 or 12 months into the future. Furthermore, our
offering allows companies to make minimum cash outlays up front
- no expenses to get phone installation, Internet access, furniture
and no delay. You can decide to move in today, and get to work
at CIC, in most cases, today.
What are the requirements for
deposit and rental term?
One month deposit and rental is on a month-to-month basis.
Is there parking in your building?
Yes. Parking is available on the lower floors of the building
for both residents and visitors. Residents can benefit from monthly
parking passes subject to availability and if you would like,
you are able to validate your visitor's parking.
Is there public transport to
your location?
CIC is located approximately 100 feet from the MBTA Red Line's
Kendall/MIT station. Buses 64, 68 and ct2 also stop nearby CIC.
For T schedules please see
http://www.mbta.com/schedmaps/subway/schedules/redschedule.cfm
For bus schedules please see
http://www.mbta.com/schedmaps/bus/index.cfm
Are there restaurants/services/shops
nearby?
One Broadway houses a Dunkin Donuts and Baskin Robins franchise.
Within a minute's walk, there are over a dozen cafes and lunch
spots catering to the local MIT and business communities, e.g.
Au Bon Pain, Florentinas, Rebecca's, the famous Emmas
pizza, Legal
Sea Foods, and the Blue
Room.
Our neighborhood, Kendall Square, has all the services
you may need from dry cleaners, post office, printers, book/stationary
store to florist.
How many people can we accommodate
for a company?
We are currently targeting companies with up to 40 people. Most
of our tenants are in the 5-15 person size range. CIC's space
was designed for flexibility, and there are many ways we can work
with you if you are growing quickly and do not wish to undertake
the costs and risks of locking-in to a permanent space. When your
company outgrows our flexible bays, we have large, customized
space solutions to meet your needs no matter how large your grow.
When can I move in?
CIC can move extremely quickly to assist enterprises looking
for a home. You can usually sign up today and be in your office
working the same day if you like. If the particular space you
desire is not available, we can provide a temporary alternative
within CIC while you wait for the particular office you like to
come free.
Have startups on the floor received
funding from VC funds housed at CIC?
There is no formal expectation or requirement on the part of any
resident to seek, offer or explore relationships with other tenants.
This said, on a frequent basis we see investments by VCs at CIC
in tenants at CIC, companies forming partnerships with one another,
and companies seeking each others' services. We view this as a
natural consequence of being neighbors.
Can you request additional space
or services as you grow and discover the need?
Of course. CIC's motto is flexible, flexible, flexible. There
are no penalties to increase or decrease your use of CIC's services.
What if I have 2 people now,
will have 3 by the end of the month and anticipate 5 more in the
next two or three months?
CIC is ideal for growing companies. At CIC you can add space in
increments of a single person any time you like. This means that
if you need another desk for someone, you can add it tomorrow.
If the specific area you are located in is full, you can easily
locate in another area at CIC. Our aim is to work with your needs
so that you are more than delighted with us. We are used to dealing
with growing companies, and we understand how they work.
Can non-CIC-residents rent event/training/meeting
space?
CIC's tenants take priority at CIC. That said, CIC has extensive
high-tech meeting, training and event space with stunning views
and a relaxed atmosphere. Outside organizations such as Harvard
and MIT occasionally use CIC's space for special events.
We are happy to work with outside requests for
one off or a block of time to rent a variety of space sizes. For
more information on becoming a resident contact us at:
 
or call 617-758 4200.
top of page
|
