Woodbury Makerspace Business Plan
Newland Cooperative, Minnesota
by Lyno Sullivan, Founder and President
Utilizing Minnesota’s Newland Cooperative system capabilities, we enable 3D model designers, sculptors, artists, and 3D product idea people. We do this by consistently providing co-operatively owned spaces in Woodbury, Minnesota, filled with high quality classic, multi-color, and exotic material 3D prototype printing tools and services. We apply principles of time investor co-operative workforces, to bring idea people together with producer people, who together, invest time developing an idea and bringing it to market. The principles are that time investment hours and capital investments are repaid from sales. Excess sales income spreads to nearby coops to help them bring their new ideas to fruition. Product royalties provide an incentive for time investors in a Newland chartered virtual coop.
A simple motivation is the opportunity to work with people teaching and learning in a cooperative environment. Professionals and students meeting one another in low-key learning environment. Local professionals get to assist up-and-coming professionals, some of whom seek internships, scholarships, mentors, to become a mentor, and so forth. These incentives attract time investors and capital investors, investing today and sharing future rewards fairly among coop members. The excess goes back to the coop community, so that other idea people might get a leg up with their ideas.
Newland Cooperative hosts each Makerspace co-operative. In the manner of a franchise operations, once a Newland hosted idea cooperative becomes operational it may be spun-off into an independent gross income, small share royalty paying affiliate. Its sales and royalty income is distributed to its coop members, based somewhat on their time investment. This royalty compensates the DevOps team who support the open source systems that each virtual coop uses upon the internet and personal devices.
A makerspace is a place where customers go to design digital 3D models created in software like Autodesk 123A, which is free for download, or professional grade software like SolidWorks and Fusion 360, or a host of alternatives. In-house software converts models into automated printer control commands. 3D prototypes are printed in various materials like plastics, carbon fiber, Kevlar®, composite plastics with materials like metals and experimental materials capable of withstanding extreme loads and pressures. The 3D printing process uses plastic filament, input at melting temperatures of around 250 C.
We do 3D printing. Who is our customer? Why do they frequent our virtual coops? Why do they frequent our Makerspace physical coop facilities, warehouses, and databases? Why do they continue to pay their membership fee month after month?
We operate initially as a virtual coop within the physical coop named Newland Cooperative as registered in Minnesota. Once our Makerspace coop becomes commercially viable, we may want to become our own independent company, albeit endowed with an initial starting set of articles, bylaws, and workflow processes from its parent and ancestral coops. This behavior is referred to as “incubation and emergence” phases. From your idea, a new company is born, in some incorporated form. It pays royalties back to its parent company and to the Newland Cooperative. Every community in Minnesota will want to create their own makerspaces so their young have a place to learn.
We bring idea and production people together in a security conscious, mutually supportive virtual cooperative. Our workflow keeps drawings, documents, and digital materials separated by customer member, and virtual coop accounts. The premises used by our members receives commercial security services.
It is important that members and customers know that their prototypes receive security protection. All members sign an NDA concerning any prototypes in any workflow. Security systems abound throughout the premises including location tracking by means optional existence and location tracking chips embedded within some printed 3D products. Security camera footage of outside and inside is provided. The Makerspace facilities are secured with commercial electronics access controls and tracking databases.
CASE STUDY: ARTISTS, SCULPTORS, 3D CREATORS
Do you have a hobby that involves making stuff with your hands? Artist kinds of stuff; sculpture, pottery, or woodworking; making stuff that persists. Gift card parts. Rubber stamp designs with your 3D art on the face. Plastic toys. 3D color sculpture in exotic materials; artifacts; reproductions.
CASE STUDY: IDEA PERSON
Are you an idea person? Do you ever have ideas for 3D objects that might be patentable? Want to experiment with lightweight plastic products, some stronger than steel. Need access to simple materials testing capabilities? Want to know how many tons of force it takes to crush a carbon fiber reinforced plastic toy? All useful stuff if you are experimenting with materials.
If you have a need for a prototype, model, or finished 3D product, what do you do? Where do go? ANSWER: You go to a nearby Newland Makerspace 3D printing shop. Bring your memory stick containing your 3D model of own designed creation. Or use one from out catalog of 3D printable products provided by our royalty receiving members. We can print of up to 4 copies on the spot, if the customer chooses to hang for a while. Products can be printed overnight.
CASE STUDY: PRODUCER
When seeking a continuing membership in Makerspace, professionals, artisans, hobbyists and students, will frequent the Makerspace website to establish their identity with a scan of their state issued ID card. That gains them entrance to the backroom premises.
Every member must read a Non-Disclosure Agreement (NDA) and sign it. Time accounting is done through the website. Designs needing printing can be submitted via the website. They will be placed into the work queue. Going to the warehouse personally with your memory stick is the most secure way to do your 3D print setup.
WORK IN MAKERSPACE
All inside and outside spaces except bathrooms are under video and audio surveillance. The warehouse facility requires a member to insert their state issued photo ID scanner. The warehouse is like a laboratory and production shop. The facility is heavily secured to prevent theft of prototype designs.
The spreadsheet shows a cost of $1.25 per square foot per month turns the light. Research into space in a safe commercial park found one perfect 2400 ft2 that is currently one space now which can be divided in half. The entire space has a conference area for twelve, a public facing glass walled “laboratory” like space, two joined spaces, each with a human door and a twelve foot garage door.
The Newland Cooperative is established under Chapter 308B. Cooperative Associations statute. Within Newland Cooperative a separate entity with these components
- Makerspace Coop (a virtual Coop) is established as a board sub-committee under a Charter, within Newland Cooperative, during idea incubation phase. Members of Newland Cooperative may be eligible to sign the Makerspace Coop Non-Disclosure Agreement and join the Coop, subject to the approval of the existing members. After the incubation phase the Coop will be spun off into its LLC, S Corp, C Corp, etc. The spin-off pays a royalty to Newland Cooperative.
- Makerspace Fund is established to track all money. Transparent transaction detail is available to members of the Coop. Transparent balance sheet information is available to other Coops and to Newland Cooperative accountants, auditors, tax authorities, et al.
- Makerspace Coop members invest time which will be repaid from future income in the manner specified in the Makerspace Coop Charter. A royalty on gross income is paid to Newland Cooperative. Up to 60% of unreserved net income can be directed to capital investors of the Newland Cooperative. The remainder of profit is available for other expenses and patronage to the for the time investors.
3D Printer Options