Inside Lincoln's Thriving Tech Hub: Startups and Success Stories
Last Updated: December 25th 2024
Too Long; Didn't Read:
Lincoln, Nebraska, is emerging as a thriving tech hub with a 21% growth in its tech scene over five years, surpassing national averages. The city's success is driven by innovative startups like CompanyCam and Sentinel Fertigation, contributing $10.5 billion to the state's economy in 2019. Support systems such as NMotion and the University of Nebraska-Lincoln foster this growth, offering resources and funding. Lincoln's tech industry is expected to further expand by 20% by 2024, with benefits like an 8% GDP boost, cementing its status as a key player in tech innovation.
Lincoln, Nebraska is becoming a serious tech hotspot, and it's no surprise why so many rad startups are putting down roots here. This chill capital city has an affordable vibe, plus a dope community that's all about supporting the hustle.
Check this out - according to the Lincoln Partnership for Economic Development, Lincoln's tech scene has grown by a whopping 21% in just 5 years, outpacing the national average by a mile.
That growth is fueled by the success of local startups, which are driving economic growth and attracting top talent like a magnet.
Startups are the lifeblood of Lincoln's tech hub because they bring the fire of innovation, create dope job opportunities, and contribute to the city's overall economic boom.
As Daniel Wilson, the Co-Founder of the Lincoln-based startup ClickAway said,
"The energy and creativity that startups bring to a city like Lincoln is truly inspiring. They're not just building businesses but shaping the future of our community."
With support from organizations like NMotion and the Nebraska Tech Collaborative, plus resources like the Nebraska Innovation Hub Act, Lincoln is loaded to keep nurturing its thriving startup ecosystem.
Table of Contents
- Notable Tech Startups in Lincoln
- Success Stories from Lincoln's Tech Scene
- Support Systems for Startups in Lincoln
- The Future of Lincoln's Tech Industry
- Frequently Asked Questions
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Notable Tech Startups in Lincoln
(Up)Alright, let's talk about Lincoln's startup scene - it's freaking lit! Check out these top tech companies making major moves in the city.
CompanyCam is killing it with their photo solution app for businesses, and BasicBlock is absolutely crushing it by helping truckers get paid faster. Over at Mayu, they're designing a wearable music glove that's gonna blow your mind.
And let's not forget about Sentinel Fertigation - they're combining tech and agriculture to boost farm productivity while being eco-friendly. Innovative stuff! You know who else is taking Lincoln by storm? Corral Technologies.
These guys are giving ranchers the power to track and move their cattle with just a few taps on their phones. Talk about next-level efficiency! With all these game-changers emerging, it's no surprise that Lincoln's tech sector contributed a massive $10.5 billion to the state's economy in 2019.
Over 109,000 people were employed in the industry. That's insane! Amber Wolking from StartupLNK summed it up perfectly:
"The success of Lincoln's tech startups showcases the immense talent and entrepreneurial spirit in our community."
You already know this city is about to explode with even more groundbreaking ideas and startups!
Success Stories from Lincoln's Tech Scene
(Up)Lincoln, Nebraska is low-key killing it when it comes to tech startups! You've gotta check out some of these dope companies that are making waves.
CompanyCam is a game-changer for contractors, letting them easily snap pics and organize job sites. They just scored $30 million in funding to take things to the next level!
- University Honors - The University of Nebraska just honored a bunch of entrepreneurial superstars, including Sarah Thompson of Image Skincare and Mike Smith of The Bay. These bosses are inspiring the next generation of innovators on campus.
- Agtech Innovation - Sentinel Fertigation's agtech is revolutionizing farming by using data to maximize crop yields while being eco-friendly. They recently closed a $2.5 million seed round, so they're definitely one to watch in Lincoln's startup scene.
Bottom line, Lincoln might seem like a chill college town, but it's low-key a hotbed for entrepreneurs disrupting industries left and right. With support from the University and organizations fostering that startup spirit, the possibilities are endless for ambitious dreamers in this thriving tech community.
Support Systems for Startups in Lincoln
(Up)Lincoln's startup scene is totally booming right now. The city's got this awesome network of organizations and resources dedicated to helping new businesses grow and succeed.
For starters, you've got the Lincoln Partnership for Economic Development (LPED), which hooks startups up with financing, real estate assistance, and workforce training programs tailored to their needs.
Then there's NMotion, a rad non-profit accelerator offering mentorship, networking events, and a co-working space designed specifically for startups.
The University of Nebraska-Lincoln is also in the game, partnering with local investors through the Startup Collaborative to provide early-stage funding and guidance to promising startups emerging from their research labs.
When it comes to cash flow, Lincoln-based startups have access to some serious financial resources, like:
- Nebraska Investment Finance Authority (NIFA): Offers tax incentives and financing programs.
- State's Angel Investment Tax Credit: Encourages private investments in early-stage companies.
- Nebraska Seed Fund: A revolving loan fund managed by the Nebraska Department of Economic Development.
But it's not just about the money.
Lincoln's entrepreneurial community is tight-knit and super supportive, with regular meetups and events where you can connect, learn, and share ideas. Check out the monthly Lincoln Startup Meetup, the annual BarCamp Omaha/Lincoln unconference for tech enthusiasts, or the Big Omaha conference, which attracts entrepreneurs and investors from all over the region.
As Karen Martin, Director of NMotion, puts it, "Lincoln's startup scene is thriving because local organizations, government initiatives, and a passionate community of entrepreneurs are all working together to help each other succeed."
The Future of Lincoln's Tech Industry
(Up)Get ready, because Lincoln's tech game is about to go off the charts! By 2024, we're talking a massive 20% surge in startups and established tech companies within the city limits.
That kind of growth is gonna pump up Lincoln's economy big time, with an insane 8% boost to the GDP. This city is cementing itself as the hottest tech hub in the Midwest, no doubt.
So what's driving this incredible rise? Well, for starters, we've got powerhouses like the University of Nebraska-Lincoln pushing the boundaries in AI and machine learning.
These cutting-edge fields are where the money's at for aspiring entrepreneurs and tech wizards. Then there's the ever-growing demand for bulletproof cybersecurity solutions as more businesses go digital.
With Lincoln's affordable living costs and killer talent pool, it's the perfect spot for cybersecurity firms to thrive.
And let's not forget the Internet of Things – connecting everything from farms to hospitals is a massive opportunity that Lincoln is primed to dominate.
Nebraska itself is a tech startup's dream, with business-friendly taxes and a community that truly has each other's backs.
In fact, a recent Gallup study called Lincoln
"the most economically integrated community in the nation."
That collaborative spirit, combined with a skilled workforce and solid infrastructure, makes this city a launchpad for tech success stories like Hudl's game-changing sports software.
Bottom line: Lincoln is gearing up to take the tech world by storm, propelling Nebraska's economy to new heights.
Frequently Asked Questions
(Up)Why is Lincoln, Nebraska becoming a thriving tech hub?
Lincoln is becoming a tech hub due to its affordable lifestyle, supportive community, and impressive growth in the tech scene, which has grown by 21% over five years, outpacing the national average. Local startups are driving innovation, economic growth, and attracting top talent.
What are some notable tech startups in Lincoln?
Notable startups in Lincoln include CompanyCam, which provides a photo solution app for businesses, BasicBlock, which offers solutions for truckers to get paid faster, and Sentinel Fertigation, which combines technology and agriculture to enhance farm productivity. These startups are contributing significantly to Lincoln's tech success.
What support systems exist for startups in Lincoln?
Lincoln provides robust support systems for startups, including organizations like NMotion offering mentorship and resources, the Nebraska Tech Collaborative, and financial resources from entities such as the Nebraska Investment Finance Authority and State's Angel Investment Tax Credit. The University of Nebraska-Lincoln also provides early-stage funding and guidance.
What is the future outlook for Lincoln's tech industry?
By 2024, Lincoln's tech industry is expected to see a 20% surge in startups and established tech companies, boosting the city's GDP by 8%. The city's focus on AI, machine learning, and cybersecurity positions it for significant economic impact, supported by affordable living costs and a skilled workforce.
How much did Lincoln's tech sector contribute to the state's economy in 2019?
In 2019, Lincoln's tech sector contributed $10.5 billion to Nebraska's economy and employed over 109,000 people, highlighting the substantial economic impact of the tech industry in the region.
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Chevas Balloun
Director of Marketing & Brand
Chevas has spent over 15 years inventing brands, designing interfaces, and driving engagement for companies like Microsoft. He is a practiced writer, a productivity app inventor, board game designer, and has a builder-mentality drives entrepreneurship.