Innovate Newport

What Innovate Newport does

Innovate Newport is a privately operated coworking and meeting space provider based in Newport, Rhode Island, operating from a single ~10,000 sq ft facility at 513 Broadway on Aquidneck Island. The facility offers flexible workspace memberships (Dedicated Desks at $325/month, Full-Time Co-worker at $195/month, Visiting Guest at $75/week, Daily Drop-in at $35/day), a portfolio of meeting rooms (Large Board Room, Small Board Room, Huddle Rooms at $25–$100/hour), and a 2,350 sq ft Conference Hall capable of hosting up to 150 guests in multiple configurations. Supplementary amenities include phone booths, a café, free parking, high-speed Wi-Fi, printing, and hybrid meeting technology. The technology stack is conventional coworking infrastructure: Officernd-based online membership sign-up, standard AV in the Conference Hall (6'x10' screen, projection, videography, movable monitors), and hybrid meeting capability. There is no proprietary platform, no app, and no disclosed API or integrations.

The business model combines recurring subscription revenue from memberships and partner/tenant plans with usage-based revenue from meeting room and Conference Hall rentals. Community Partner ($50/month, 12-month commitment) and Tenant Employee ($25/month) tiers extend the recurring base beyond core coworking. The company is structured as a collaborative initiative rather than a conventional private enterprise: it is jointly supported by the City of Newport, the Newport County Development Council (a 501(c)(3)), and the Economic Development Foundation of Rhode Island, with the Greater Newport Chamber of Commerce as the primary operational backer. The go-to-market is community-led, relying on programming (Industry Spotlight Series, Blue Tech Talks, Founders' Dinners), partnerships with Salve Regina University, RIHub, Blue Venture Forum, RISBDC, and Rhode Island Commerce Corporation, and Chamber-driven referrals to acquire and retain members.

Innovate Newport serves a diversified regional customer base on Aquidneck Island and the Greater Newport region, targeting startups and entrepreneurs, remote workers, local businesses, established companies seeking private offices, and corporate event organizers. The team is small (1–10 employees), with named leadership including a Community Manager and a Director of Innovation & Entrepreneurship. No revenue, funding, or headcount growth data is disclosed. The organization is actively operating, with a published 2026 event calendar and an on-demand video content library of past programming.

Name

Innovate Newport

Legal name

Innovate Newport

Website

https://innovatenewport.org

Company type

Private

Operating status

Operating

Headcount range

1–10 employees

Short description

Innovate Newport is a coworking, private office, and event space provider in Newport, Rhode Island, offering flexible memberships, meeting rooms, and a 150-guest conference hall, serving startups, remote workers, local businesses, and event organizers on Aquidneck Island.

Ownership category

akta.pro rank

Product category

Coworking & Meeting Space Services

NAICS

Other Traveler Accommodation (72119)

SIC

Hotels & Motels (7011)

akta.pro primary industry

Conference Centers & Dedicated Meeting Venues (THAHAAAB)

akta.pro secondary industry

Corporate Conference Center Hotels (THAGALAF)

Keywords

• Coworking space services
• Private office rentals
• Meeting room rentals
• Event venue leasing
• Entrepreneurship community programs

Headquarters

HQ city

Newport

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Personnel, Infrastructure, Marketing or Sales, Others

Revenue model

1. Coworking Memberships: Monthly recurring revenue from dedicated desk, full-time cowork, visiting guest (weekly), and daily drop-in memberships. Members receive access to workspace, high-speed internet, cafe/kitchen, mailbox service, lockers, and networking opportunities.
2. Meeting & Event Space Rental: Hourly rental revenue from meeting spaces including Large Board Room ($50 members/$100 non-members), Small Board Room ($25 members/$100 non-members), and Huddle Rooms ($25). Conference Hall rental for events up to 150 guests.
3. Partnership Plans: Monthly subscription revenue from Community Partner ($50/month) and Tenant Employee ($25/month) plans offering mailbox services and meeting space discounts.

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels7 records

Core offering

Innovate Newport provides flexible coworking memberships (dedicated desks, full-time co-working, visiting guest, daily drop-in), private offices, and hourly-rented meeting and event spaces including a 2,350 sq ft Conference Hall for up to 150 guests. The offering is complemented by community programs (Industry Spotlight Series, Blue Tech Talks, Founders' Dinners) and shared amenities such as high-speed internet, cafe, mailbox service, and free parking.

Product overview

Innovate Newport is a coworking space and private office provider offering a unified platform of workspace solutions and community programs. The core offering consists of flexible workspace memberships (Dedicated Desks, Full-Time Co-working, Daily Drop-ins, and Visiting Guest options) paired with hourly-rental meeting spaces (Large Board Room, Small Board Room, Huddle Rooms) and a 2,350 sq ft Conference Hall for events up to 150 guests. Additional facilities include Cafe and Street Side Courtyard spaces. Membership add-ons include Community Partner and Tenant Employee plans. The company complements its physical workspace with programming including the Industry Spotlight Series, Blue Tech Talks, and Founders' Dinners, plus a video content library of past event recordings.

Differentiator

Problem solved

Functional benefit

Products and services

• Dedicated Desk Membership Full-time dedicated desk membership providing a private, lockable workspace with a personal file cabinet in a traditional office environment. Members can leave their computer, monitor, and other equipment securely.
• Full Time Co-worker Membership Full-time co-working membership offering flexible access to dynamic and open co-working spaces, including access to cozy spots and locked dedicated desks.
• Visiting Guest Membership One-week co-working membership for temporary or visiting professionals needing short-term workspace access.
• Daily Drop-In One-day co-working rate for individuals needing occasional or single-day workspace access.
• Community Partner Plan Twelve-month commitment providing mailbox services and 50% off meeting space rentals, designed for organizations seeking ongoing affiliation with the Innovate Newport community.
• Tenant Employee Plan Monthly membership for employees of Innovate Newport tenant businesses, offering access to coworking facilities and amenities.
• Large Board Room Conference space featuring a fourteen-foot conference table, executive chairs, large whiteboard, and monitor with wall of windows providing natural light. Accommodates 12 to 18 team members.
• Small Board Room Meeting space with an eight-foot conference table, executive chairs, whiteboard, and monitor, ideal for groups of 4 to 9 individuals.
• Huddle Rooms Small, quiet meeting spaces designed for focused work sessions, accommodating up to 6 people with monitor access.
• Conference Hall The largest event space within Innovate Newport, spanning 2,350 square feet with natural light, high-impact 6' x 10' screen, projection capabilities, videography, whiteboards, and capacity up to 150 guests. Supports multiple configurations including theater, classroom, workshop, exhibit, table rounds, and open space styles.
• Industry Spotlight Series Event series showcasing Rhode Island's diverse industrial landscape featuring established companies, mid-market businesses, startups, and service providers. Includes 2026 events on HealthTech, BlueTech, Mission Driven Enterprises, and Food and Beverage.
• Blue Tech Talks Summer lunch-hour speaker series featuring local 'blue tech' companies, covering underwater technology, aquatics, fisheries, autonomous vehicles, and naval defense technology topics.
• Founders' Dinners Bi-monthly dinner series exclusively for startup founders, featuring topical conversations with expert Guest Mentors. Includes 6 dinners per annual cohort plus end-of-year celebration across Newport, RI venues.

Named customers1 record

Segments5 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Nine partnerships are on record, tiered core and minor.

• Greater Newport Chamber of CommercecoreStrategic or Co-development PartnerPrimary supporter and partner of Innovate Newport. The Chamber provides organizational support, member referrals, and serves as the anchor partner for the coworking and innovation hub. The collaboration aims to drive growth of the Greater Newport region as a center for business empowerment and innovation.
• City of NewportcoreStrategic or Co-development PartnerMunicipal government partner supporting Innovate Newport as a collaborative initiative. The City supports the transformation of Greater Newport into a thriving center for business empowerment and innovation.
• Newport County Development CouncilcoreStrategic or Co-development PartnerNon-profit 501(c)(3) arm of the Newport County Chamber of Commerce that serves as a founding partner in the Innovate Newport collaborative initiative. Provides nonprofit organizational backing and economic development mission alignment.
• Economic Development Foundation of Rhode IslandcoreStrategic or Co-development PartnerState-level economic development foundation serving as a founding partner in the Innovate Newport collaborative initiative, providing statewide economic development resources and support.
• RIHubminorStrategic or Co-development PartnerRhode Island's innovation hub partner that co-hosts public events and programs at Innovate Newport, supporting the startup and entrepreneurship ecosystem.
• Salve Regina UniversityminorStrategic or Co-development PartnerLocal university partner that co-hosts events and programs at Innovate Newport, providing academic connections and student engagement opportunities.
• Blue Venture ForumminorStrategic or Co-development PartnerOcean and blue technology focused organization that co-hosts events at Innovate Newport, including the BlueTech Industry Spotlight scheduled for May 2026.
• RISBDC (Rhode Island Small Business Development Center)minorStrategic or Co-development PartnerSmall business development center partner that co-hosts events and programs at Innovate Newport, providing business counseling and support services.
• Rhode Island Commerce CorporationminorStrategic or Co-development PartnerState commerce organization partner that co-hosts public events and programs at Innovate Newport, supporting economic development initiatives.

Scale indicators5 records

Recent moves6 records

Expansion highlights4 records

Direct peers

• Industrious: Premium coworking and flexible office provider offering private offices, coworking, and meeting/event spaces on subscription and hourly terms. Closely aligned business model and customer segments (SMBs, enterprises, remote workers) to Innovate Newport, with stronger brand and amenity depth.
• Office Evolution: Franchise coworking and business center operator providing private offices, coworking, virtual office, and meeting room rentals. Similar pricing tiers, business support services, and SMB customer focus as Innovate Newport.
• The Yard: Boutique coworking and flexible office provider with locations in several U.S. cities, offering coworking memberships, private offices, and event spaces. Closely aligned mid-sized coworking peer with similar event venue and community programming emphasis.
• Venture X: Franchise coworking and flexible office brand offering private offices, coworking, virtual offices, and meeting rooms. Comparable subscription model and SMB target customer to Innovate Newport.
• Convene: Premium meeting, conference, and event venue operator with on-demand workspace and hospitality services. Directly comparable to Innovate Newport's Conference Hall and board room offering for corporate event organizers.
• Serendipity Labs: Flexible coworking, private office, and meeting room operator with a national footprint of company-owned locations. Comparable membership tiers, hourly meeting rentals, and enterprise event space to Innovate Newport's product mix.
• Spaces: Creative coworking and workspace brand under IWG offering flexible memberships, meeting rooms, and event spaces. Directly comparable mix of coworking + meeting/event venue to Innovate Newport's combined offering.

Regional players

• WorkBar: Massachusetts-based coworking and flexible workspace operator with locations in the Greater Boston area. Comparable coworking membership + meeting room model but geographically separate from Innovate Newport's Rhode Island footprint.

Broad incumbents

• IWG / Regus: Parent of Regus, Spaces, HQ, and Signature flexible-workspace brands, operating thousands of locations globally. Comparable coworking, private office, and meeting room rental offering with similar pricing structure; competes with Innovate Newport primarily through scale and brand recognition.
• WeWork: Global coworking and flexible workspace operator offering dedicated desks, private offices, and meeting rooms across hundreds of locations. Directly comparable as a coworking competitor serving similar SMB and enterprise customers with similar subscription + usage-based pricing, though at vastly larger scale than Innovate Newport.

Market position

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights2 records

Customer concentration

• LinkedInlinkedin.com/company/innovate-newport

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Innovate Newport