YBF, the innovation and tech hub that pioneered support for Australia’s nascent startup sector, has called in administrators McGrathNicol in a bid to reboot the co-working space following Melbourne’s crippling lockdowns.
YBF – originally known as the York Butter Factory in a nod to its original HQ before moving to the Melbourne CBD heritage building it now calls home – has been a fixture of the Australian tech and innovation ecosystem for more than a decade. It’s helped thousands of startups, scaleups, corporates and individual innovators build and scale their businesses.
CEO Farley Blackman said the latest lockdown in Melbourne – which gave the Victorian capital the dubious honour of being the most locked down city in the world during the pandemic – was the last straw.
