Smart Space to boost Bellevue startups | extraSlice’s Bellevue office to speed up developing companies

Whether it's investor funding, team building, technology support or developing best strategies for business startups, extraSlice CEO Binu Reghunathan says Bellevue's Smart Space is here to help.

Whether it’s investor funding, team building, technology support or developing best strategies for business startups, extraSlice CEO Binu Reghunathan says Bellevue’s Smart Space is here to help.

extraSlice celebrated the grand opening of its 4,000-square-foot startup facility in Bellevue on Tuesday, which Reghunathan said advances the company’s mission of supporting companies that focus on technology-driven products and solutions.

“What we wanted to provide was a class A facility for startup companies, so that would give them a similar feeling of working at a world-class office facility,” he said. “I see a great opportunity for Bellevue and the Eastside area to become a technology hub there.”

Reghunathan said Smart Space offers support services for business startups to grow them faster than they normally would independently, providing mentoring and workers that can be shared among developing companies within the incubator, with options to snap them up as dedicated employees. Businesses within Smart Space also can be connected with the types of venture capitalists needed to reach funding goals, he said.

With another office in India, Reghunathan said there is opportunity for sharing talent between businesses there and in Bellevue, both areas boasting strong populations of tech talents.

“My mission is to have the Bellevue office as the centerpoint and then we’ll have other places like an office in India … maybe in Singapore and the Middle East,” Reghunathan said of extraSlice’s goals for future growth. “It will take a couple more years to realize that.”

Elected city officials and extraSlice’s first Bellevue startup, Robodub, joined in Tuesday’s celebration. Robodub holds two patents for its fast-morphing drone technology, which allow them to reduce their size while airborne. The company plans to commercialize its drones for airsoft and laser tag play by spring 2015.

“We are bringing smart drones to Bellevue,” said Parminder Devsi, Robodub founder and CEO.

Councilmember Lynne Robinson praised extraSlice for bringing Smart Space to Bellevue, adding the ability for businesses to access affordable space, mentorship and funding opportunities advances the city’s goals for strong economic development.

“We want people who are entrepreneurial to be here, and we want our children to be entrepreneurial and to stay here,” added Bellevue Mayor Claudia Balducci.

To learn more about Smart Space and other extraSlice services, go to extraslice.com.