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Ranked #1 for Startup Metropolitan Area Data {{BlogPost|Has title=Austin TX Emerging Ecosystems (ranked #1 in 2015Blog Post) Rate of New Entrepreneurs: .60% |Has author=Eliza MartinOpportunity Share |Part of New Entrepreneurs: 79.88% series=Emerging EcosystemsStartup Density: 105.2 |Has content status=PublishedRate of Business Owners: 7.97% |Has processing notes=Published as "Keep Austin Entrepreneurial"Established Small Business Density: 812.6 |Has publication date=2016/11/21Ranked #2 in Growth Entrepreneurship }}Rate of Startup Growthgoogledoc link: https: 81//docs.google.23% com/document/d/1tQVHFLeAdoivM6cYa-8awbynM9nV0l6YBIbuOiUGk6Y/edit Share of Scale-ups'''Austin, Texas: 2.25% ''' High-Growth Company Density: 234.7 2015 Kauffman Index Report: Austin MSA as Ranked the number-one US City American city for technology innovation startups new business creation for two years in a row by the Kauffman Foundation, Austin, Texas is one of the strongest emerging entrepreneurship ecosystems in the United States.   '''Austin’s History Narrativeof Entrepreneurship''' 1960’s: Early build up Unlike some emerging ecosystems, Austin has a long history of innovation entrepreneurship. During the 1970’s and 1980’s, Austin established an ecosystem focused on computer and microelectronics manufacturing semiconductor manufacturers. A doubling in student attendance at the University of Texas and efforts by the Chamber of Commerce resulted in IBM locating to Austin in 1967, Texas Instruments in 1969, and Motorola in 1974. As the industry grew, major computer and semiconductor manufacturers banded together and created the Microelectronic Computer Corporation (MCC) in 1982.  MCC was one of the largest computer research companies at the time. MCC chose to establish itself in Austin instead of the more traditional ecosystems such as Silicon Valley and Route 128. The University of Texas at Austin offered MCC a subsidized lease near the University of Texas Pickle Research Campus and low-cost loans and reduced mortgage rates for staff moving to Austin. MCC’s location in 1983 Austin encouraged the cooperation between local government, business, and Rematch’s consortium the University of 13 semiconductor manufacturers in 1988 Texas.   Initially, the Austin technology industry focused on large businesses, such as IBMand Texas Instruments. However, Dell Computers, the oil and savings and loan crises of the late 1980’s and AMD set up shop early 1990’s crippled the national economy. Austin was not spared: it had one of the highest commercial real estate vacancy rates in the country and companies laid off large numbers of employees. The University of Texas at Austin in created the late 1980s Trilogy Software Homeaway Austin Technology Incubator (IPO in 2011ATI) & Bazaar Voice (IPO in 2012) (set up 1989 to help jumpstart the Austin economy through stimulation of high-tech startups with high-growth potential. In 1989, Greg Kozmetsky, the brain behind ATI, also founded the first angel network in 2005) Austin, named the Capital Network.These initiatives provided a foundation for growth during the dot-com boom.  SXSWGrew from population under 400In 2000,000 thirty Austin venture capitalists invested over $2 billion in 1970 Region adjusted to major industrial restructuring after entrepreneurship ventures. However, the burst of the dot-com bust bubble in the early 2000’s hurt Austin companies. After the economic downturn from 2001-2003 (, the region experienced negative job growth from 2001 to major industrial restructuring and a renewal of entrepreneurship ventures. In 2003) but in 2005, employment the business community raised $11 million for Opportunity Austin, an economic development program. Opportunity Austin focused on recruiting new businesses, marketing Austin effectively, and stimulating entrepreneurship and emerging technology sectors. Less than five years after the last economic downturn, the Great Recession of 2008 set back many new Austin businesses. While venture capital and population small business creation are not at the level they were during the dot-com boom, the rate of startup growth was increasing again is 81.23% (exceeding national averagesKauffman Foundation) .  Diversified its economic base Strong corporate links between local corporate branches and parent firms (esp '''Entrepreneurship in Silicon Valley) Austin Now'''Factors that have contributed to Austin’s Startup Growth: Early successes of Austin is experiencing yet another entrepreneurship ventures—talent in boom. Austinnow has the supportive policy structure, mentors, and sector diversification required to finally establish a lasting ecosystem. Availability  Austin’s cultural support of capital Willing mentors local businesses and advisors (investors, incubators, accelerators, networking groups, supportive state and more) Capital Factory: Joshua Baer—largest local government policies are fueling Austin’s startup incubator growth. The absence of state income tax incentivizes young professionals to work and co-working space settle in Texas. The local AustinMost active email investor in the world Recognized as the 2013 government provides services for people considering starting a business; BizAid Business Orientation, Business Solutions Center, Entrepreneur Center of Austin Community Leader of the Year & 2013 Henry Crown Fellow at the Aspen Institute .Affordable work spaces Spaces: Incubators, Accelerators, and Co-WorkingCapital FactorAs a result of Austin’s strong history of entrepreneurship, Techstars, AVINDE, Rice Alliance (mentorship opportunities for nascent entrepreneurs are readily available. Austin Chapter)companies, Austin Technology Incubator (ATI)such as Dell, Southwest Angel Network, Austin+Social Goodoffer mentorship and accelerator programs to encourage entrepreneurship and development. Entrepreneurial hubs, Tech Ranch, Mission Austin and CapitalFactory, Central Texas Angel Networkserve as an intersection between Austin incubators, Opportunity Spaceaccelerators, Vukacoworking spaces, The Incubation Stationand offer mentorship programs for entrepreneurs.  While known as “Silicon Hills, ” Austin’s entrepreneurship economy is much more diversified than the computer chip and semiconductor industry that first enabled Austin’s economy to grow. According to a 2015 report commissioned by the Austin Technology IncubatorCouncil, approximately 14% of the $22.3 billion value of Austin’s tech companies that was added to the city’s GDP came from semiconductors. Computer and peripheral equipment contributed 31%. Both Austin-born and transplanted companies focus on the bioscience, Launch Labenergy, Link Coworkingclean-technology, Perch CoWorkingwater, Posh CoWorkingand IT/wireless industries. Austin has an extremely strong tech-focused entrepreneurship industry, HubAustin Coworkingbut it also has successful ventures in the media, education, Conjunctured Coworkingsocial, and craft/lifestyle industry.Supportive state  '''Venture Capital in Texas and local governmentAustin''' Universities: UT, Concordia, St. Edward’s, Huston-Tillotson University 21.7Texas’ venture capital investment has decreased by 19% GDP Growth from 2007-2012 (Source: Forbes list of over the US Regions to Watch in 2014)11past ten years.8% Job Growth from August 2007 In order to October 2013Austin’s projected 3.15% population growth rate maintain a healthy entrepreneurship ecosystem, it is imperative that venture capital investment increases in 2016 is the highest among the 100 metro areas we examined coming years.Employment expand 3.28% last year

{{McNair ProjectsAustin has a plethora of resources available to entrepreneurs. The annual South by Southwest Festival provides a networking opportunity for entrepreneurs. Additionally, companies are taking advantage of the 100,000 students that graduate each from universities in the greater Austin area. The University of Texas at Austin boasts the Austin Technology Incubator (ATI) under the The IC² Institute, which has raised almost $700 million in investor capital to achieve this goal. Additionally, the Central Texas Angel Network provides capital and mentorship support for entrepreneurs in the Central Texas region.   '''What Starts in Austin Can Change the World''' |Project Title=Emerging EcosystemsAustin’s entrepreneurial ecosystem is moving towards national recognition. Dell PC’s,|Topic Area=Entrepreneurship EcosystemsFavor Delivery (backed by Austin’s S3 ventures and an alumni of ATI),|Owner=Eliza Martinand HomeAway are among the services Austin entrepreneurs offer across the nation. In the upcoming years,|Start Term=Fall 2016it is critical that capital investment continues to support new ventures. Austin’s ecosystem has the policy,|Priority=3talent,|Deliverable=Wiki Pageand mentorship to be successful,}}but private and public efforts must continue to ensure its success.