New, existing and relocating technology companies are making Nevada home in both metro and rural areas, bringing innovation across the board. So far, specific technology clusters have not developed. Nevada is seeing everything from bioscience to construction and telecommunications to entertainment.
“In a lot of cities you have a sector that’s doing well or a place where it’s mostly big companies or all start-ups,” said Dave Archer, CEO, Nevada’s Center for Entrepreneurship and Technology (NCET). “What strikes me about Nevada is that, simultaneously you have a vibrant startup community, you obviously have a huge number of companies that are already doing great things and then the large companies like Google, Switch, Apple and Tesla moving here.”
Tech companies are diversifying Nevada’s economy, doing everything from medical software to manufacturing hardware, building batteries and making new construction safer.
“We’ve got a handful of companies that have received external venture capital from Tier 1 and Tier 2 venture capital. Companies that are mostly on the start-up side have relocated here and are engaging in our local ecosystem,” said Doug Erwin, senior vice president, entrepreneurial development, Economic Development Authority of Western Nevada (EDAWN).
“One reason [diversification] is good is if you’ve invested heavily in one sector and there’s a downturn in that sector, there are huge economic ramifications,” said Archer. “One of the things going for Nevada is that we’re so diversified.”
A vibrant community of startup and relocated tech companies is forming in Northern Nevada with its members participating in the business community.
Breadware, new to Reno this year, is working with the University of Nevada, Reno (UNR) on an accelerator program called the Innevator, a six-week boot camp for early stage Internet of Things (IoT) companies.
The IoT refers to a network of physical devices, vehicles and other items embedded with electronics, software, sensors, actuators and network connectivity which enable these objects to collect and exchange data.
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