In Reno, 14 percent of startups moved from another city, drawn especially by the lower cost of doing business. And, strikingly, 52 percent of entrepreneurs in Reno came from somewhere else — with cost of living and quality of life as the main reasons. It’s all in a new report from Startup Genome, a business study supported by NCET.
Gambling means many things to many people. In Las Vegas, gambling means dice or cards. For the many startups in Las Vegas and in Reno and the rest of the state, starting a company is pretty dicey as well. Tesla bet on Reno for their new battery factory in Nevada, and startups in the area bagged more than $38 million in 2016, so the desert remains a hot place to be for new companies:
In 2013, the entrepreneurial landscape in Northern Nevada was a barren desert. Only recently removed from being rocked by the Great Recession, that year Reno-area startup companies brought in a small cluster of new jobs (50) while raising droplets of venture capital ($2 million), according to the Economic Development Authority of Western Nevada. Five years later, the horizon for both entrepreneurs and investors looks vastly more fruitful and green — in more ways than one.
This one’s for the little guys. Five Reno startups, including a company that caters to endurance athletes and one that specializes in connected products — the Internet of Things in geek speak — were recognized by city and state officials on Tuesday for raising funding and creating high-paying jobs in the Biggest Little City.
Another tech startup is calling Reno home. Software service company Alchemy announced recently that it chose Reno as the site for its new corporate headquarters. The company cited Reno-Tahoe’s business-friendly environment, quality of life and the growth in the number of companies moving to the region as one reason for its decision to base itself in the area.
A commitment by the University of Nevada, Reno to foster science, technology and entrepreneurship has garnered international attention and an increasingly beneficial partnership with Israel-based HIL Applied Medical.
Hardware Massive is a global hardware startup community with 30 chapters around the world. The Reno Chapter Launch Event is August 23, 2017 at the Innevation Center.