September 25, 2014
Not many people know that Raleigh, North Carolina has a growing tech scene. Well, we’re about to let you in on a buzz-worthy hub of startup goodies. Tech Giants like IBM and Citrix have large operations, and the city has built an infrastructure for young companies to set up shop.
Next Thursday, Oct. 2nd, we will be hosting a Tech Cocktail Mixer and Startup Showcase at HQ Raleigh. If you’re in town, you won’t want to miss it.
Abundance of Resources for Startups
One of the most important components a startup ecosystem must have is easy, readily-available resources for entrepreneurs. Raleigh is part of the Research Triangle Park, which is home to more than 170 global, and includes Durham and Chapel Hill.
“A young first-time transplant, if they were coming from California, or New York, or wherever, I think they’d find within a few conversations they’d have access to a really broad range of resources, people, talent and advice, and everyone would be active and eager to help,” said Adam Smith of Square1 Bank during an interview in 2010.
That makes this area have strong clusters of specialized technology; including gaming, enterprise software, mobile as well as life science companies. Incubators such as Launchbox Digital and Bull City Forward, are helping springboard local startups. The North Carolina Technology Association (NCTA) has also been working to grow the local entrepreneurial ecosystem through local events.
Inclusive Tech Culture
Larger tech ecosystem in cities like San Francisco and New York Cities can be intimidating and ruthless. In smaller ones, like Raleigh, not only is the system more inclusive but can help startups reach their full potential. The community is just the right size so “it’s possible to get connected to everyone or anyone, but it’s large enough so that there are plenty of people actually worth connecting to.”
Large Talent Group
And I think you combine the openness attitude with the fact that there’s a vast supply of really strong technical expertise on the technology side and the life sciences side and that talent is really much more affordable to acquire than in most other markets.
Raleigh is close to two world class universities, Duke, University of North Carolina, and home to North Carolina State. Most of these talented young talent, fresh out of school, are potential hires for many startups and tech companies in the area.
Furthermore, the Raleigh is much more affordable than larger cities, which means that so is the talent and the lifestyle you can offer them.
Compared to Silicon Valley, it’s much easier to be an entrepreneur with a family in Raleigh because of the low cost of living.
For the price of a 900 square foot apartment in San Francisco and New York, or some other places, you could own a 4,000 square foot house in Raleigh. So you’re an hour drive to the beach or a two hour drive to the mountains. It’s a vibrant, friendly community.
Life is pretty nice in North Carolina.
I should really leave the images to speak for themselves, but just so you know, they have a Barbecue Trail…that’s right, a trail of deliciousness!
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