Summary:

TechShop needs $2.5 million to move its original makerspace. Intel’s money will help it meet its crowdfunding goal.

TechShop's San Francisco location is located in SoMa near the intersection of Howard and 5th Streets. Photo by Signe Brewster
photo: Signe Brewster

After national makerspace TechShop found out its original Menlo Park location needed to be moved, it calculated it needed $2.5 million to seed a new location in the area. It hoped to raise $250,000 of that on crowdfunding site IndieGoGo.

But halfway through the fundraising period, meeting the IndieGoGo goal isn’t looking promising, as TechShop has only raised about $17,500. But that’s OK. CEO Mark Hatch said today that Intel has signed on as a corporate sponsor, which helped TechShop reach the $250,000 mark.

TechShop has had corporate sponsors in the past. Ford helped it build a makerspace in Detroit, Lowe’s stepped in in Austin and DARPA and the U.S. Department of Veterans Affairs contributed to locations in Pittsburgh and Washington, D.C. Autodesk is also a current sponsor.

The Intel sponsorship will also go toward creating classes and events featuring Intel’s Galileo Arduino board chip. Hatch said there isn’t a time limit on the partnership at this point.

“Intel is going to be able to provide some technology and muscle and excitement in the maker movement that would be difficult for other folks to match,” Hatch said.

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