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Startups Looking to Maximize Technologies Should Do This When you don't have a lot of money, focus on finding the right space.

By Andrea Huspeni

Opinions expressed by Entrepreneur contributors are their own.

For many startups, especially hardware ones, building a product isn't cheap. There are expensive parts and machinery, along with costly technology.

To help decrease the costs, many entrepreneurs are turning to collaborative spaces that provide shared resources, like 3-D printers, wood shops and metalworking equipment. One being Alex Chatham.

Related: 6 Benefits of Coworking With Strangers

In this video, the co-founder of Spacial, a drone company that records indoor events, talks about how he utilizes technologies at resident-space New Lab and what advice he has for others.

Andrea Huspeni

Founder of This Dog's Life

Andrea Huspeni is the former special projects director at Entrepreneur.com and the founder of This Dog's Life.

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