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Metro Newsroom

Nucleus Opens New Home for Startups

Tuesday October 9, 2012

A vacant building has been transformed into an inexpensive space for entrepreneurs and startup companies to set up shop and share ideas with their peers. The building, called iHub, was officially opened today at a ceremony attended by University of Louisville President James Ramsey, Kentucky Gov. Steve Beshear, Louisville Mayor Greg Fischer and Congressman John Yarmuth.

“The iHub will foster entrepreneurs and innovation. It also will give UofL faculty the chance to rub elbows with other creative people as they explore new ideas, develop their inventions and get them to the marketplace,” Ramsey said.

Nucleus bought the building at 204 S. Floyd St. and renovated it into 2,200 square feet of collaborative working space for innovators who don’t want or need a large office. iHub spaces are $80 per month.

“The Commonwealth is thrilled to have this tremendous asset for entrepreneurs and small startup companies,” said Beshear. “iHub fosters a spirit of collaboration between creative individuals, sparking the innovations which are so important for Kentucky’s continued economic success.”

“Creating an entrepreneurial culture for startups in Louisville begins with offering low-cost, easy-access office space – and iHub fills that need,” Fischer said.

Yarmuth added, “I am proud to join Nucleus for the opening of this low-cost, high-energy space where entrepreneurs can explore and develop new ideas.”

Nucleus CEO Vickie Yates Brown also announced “e + i” a series of informal discussions between entrepreneurs and iHub innovators.

Nucleus is Kentucky’s innovation center and the economic development arm of the UofL Foundation.