Boltâs incubator space falls victim to the pandemic
Itâs closing the doors at the end of March, citing economic uncertainty
By Scott Kirsner Globe Correspondent,Updated January 11, 2021, 9:34 a.m.
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Bolt created shared workspaces in Boston and San Francisco that provided desks and a machine shop for startups designing consumer electronics products.Bolt
The COVID-19 pandemic will soon force the closing of the first incubator space to create a hub for startups in downtown Boston, giving fledgling ventures a reason to locate in the city rather than in Cambridge or Somerville.
Bolt, which opened in 2013 between Downtown Crossing and Chinatown, will close its doors at the end of March, according to cofounder Axel Bichara. Just two startups currently occupy a facility designed for a dozen or more, and featuring a fully outfitted machine shop in its basement.