This paper aims to highlight how the industrial archaeology may support the emergence of new spaces for knowledge transfer and development. We propose an inductive approach. The research strategy includes a multiple case study of Italian industrial companies that have invested in industrial archaeology since 2000. The choice of companies is based on a strategy of theoretical sampling. This methodology puts in evidence some Italian industrial companies that are investing in industrial archaeology to create value in a knowledge development perspective in the twenty-first century. The outcomes of the application outline how it is possible to turn old places – often degraded and abandoned – in “new” spaces for social meeting and cultural sharing by means of investments in industrial archaeology.