Project Description: The Innovation Lab and Co-Working Space will offer a collaborative environment where entrepreneurs can work, meet, and innovate. The space will be equipped with high-speed internet, modern office amenities, and meeting rooms. Additionally, the lab will host regular events such as hackathons, pitch competitions, and guest speaker sessions to inspire creativity and collaboration.

Fund Allocation:

• Renovation and setup of co-working space: $50,000
• Technology and office equipment: $15,000
• Event organization and guest speakers: $10,000
• Operational costs and maintenance: $130,000

Impact: This project will provide a professional and stimulating environment for at least 50 entrepreneurs each year. By fostering a sense of community and collaboration, the Innovation Lab will be a hub for creativity and business development, driving local economic growth.