Silicon Nation? Startups Outside of the Bay Area
Silicon Valley may be home to some of the biggest startups in the world, but it’s not the only place that startups call home. Here are the top five startup cities outside of the Bay Area.
Denver is one of the greatest cities in the world where entrepreneurs spark innovation and ideas, especially considering the city’s low cost of living for a high quality life. With recreation and relaxation whichever way you turn, the city is turning into one of the largest growing startup cities. Part of the startup influence is highly supported by the state’s government, which means it’s easier to get funding for your genius idea. Denver is also the fastest growing city in America, meaning more opportunities for the job and business market.
According to Business Journal, Boston is ranked the number one place for startup growth. This is because Boston has a great focus on the next generation and the “future of healthcare, energy, and education industries.” Boston is home to many colleges, so there are a great many students who could create startups, and it’s also home to some of the world’s largest healthcare companies, so there are many opportunities to establish a healthcare-oriented startup.
Although typically seen as the most political city in the nation, Washington, D.C. is one of the fastest growing cities for tech startups, especially when it comes to business-to-business products. D.C. is also one of the top cities contributing to bettering its neighborhoods and allowing for optimal growth.
Salt Lake City, Utah
Salt Lake City is one of the fastest growing cities for educational technology. With the increase and initiative for better education across the country, Salt Lake City has been rapidly increasing its software in educational technology (Edtech) tools. In 2015, the city received $18.5 million for multiple schools in Utah to conduct research and the continuing growth of technology. Low taxes and housing costs are part of the reason citizens are attracted to Utah, bringing with them talent and innovation to invest for the future.
What better mentors for startups to have than huge corporations such as Amazon, Starbucks and Nordstrom? Seattle may be home to some of the world’s biggest companies, but it’s also one of the hubs for growing startups. Many startups are setting up their offices in Seattle, a city becoming well known for engineering and software production startups.