That's what has occurred for the three co-founders of VillageHub who have turned their MBA capstone idea into a tech start-up with real potential.
The idea behind VillageHub was formed when the City of Sydney approached the Business School with the problem of how to bring high street vibrancy back to suburbs like Darlinghurst and Glebe (pre-pandemic).
Following a design-led process that involved speaking to hundreds of locals, visitors, and businesses to come up with a customer-centric solution, VillageHub was born. The trio received such great feedback on the idea and marks that they decided to make it a reality.
Think of VillageHub as Airbnb for underutilised business space. The platform helps business owners bring in extra revenue through:
The current VillageHub platform has the benefits of:
Importantly, VillageHub also gives back to the communities in which it operates, by supporting and partnering with local business chambers.
VillageHub are currently in 'horizon one' of their 3-stage plan, with 'horizon two and three' mapped out with future goals and objectives. Within horizon one, they have had a number of successes including:
The Capstone Unit is the final unit of our MBA and involves a world-class learning module in the field of strategic management, intersecting with principles in design thinking and product engineering.