Inside Milwaukee's Thriving Tech Hub: Startups and Success Stories
Last Updated: August 13th 2024
Too Long; Didn't Read:
Milwaukee is rapidly emerging as a vibrant tech hub with over 600 tech companies employing more than 35,000 people. Key factors include affordable living, a strong talent pool from Marquette and UW-Milwaukee, and robust community support. Notable startups like Bright Cellars and Wantable have significantly contributed to local economic growth. The city has raised over $1 billion in funding since 2015, creating thousands of jobs. Ongoing initiatives, including tax incentives and the Milwaukee Tech Hub Coalition, aim to foster a diverse, innovative workforce and enhance Milwaukee's status as a major tech destination.
Milwaukee's tech scene is absolute fire right now! This city is quickly becoming a thriving hub for startups and innovative tech companies. According to the latest info, Milwaukee is home to over 600 tech companies, employing more than 35,000 people.
The reasons behind this city's emergence as a tech hotspot are legit:
- Affordable Living: The cost of living and office spaces is way more affordable compared to major tech capitals like Silicon Valley and New York City.
- Strong Talent Pool: Top universities like Marquette and UW-Milwaukee are fueling a strong talent pool.
- Community Support: Local organizations like the Milwaukee Institute for Software Engineering and the Northwestern Mutual Data Science Institute are providing robust support for the tech community.
For those just starting in tech, Milwaukee has an abundance of opportunities to kickstart your career.
As Christopher Lopez, Executive Director of the Milwaukee Tech Hub Coalition, mentions, "Milwaukee's tech community is tight-knit and welcoming to newcomers.
We have a wealth of mentorship programs, coding bootcamps like Nucamp, and networking events that cater to those just starting out in the industry." With its vibrant ecosystem and supportive community, Milwaukee is an ideal place to launch your tech career.
Table of Contents
- Top Startups Emerging from Milwaukee
- Key Players Supporting Milwaukee's Tech Growth
- Success Stories: Milwaukee Entrepreneurs
- Getting Started in Milwaukee's Tech Industry
- Future Prospects of Milwaukee's Tech Hub
- Frequently Asked Questions
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Top Startups Emerging from Milwaukee
(Up)Milwaukee's tech startup scene is blowing up, with a wild mix of innovative companies taking over the city. Check out Bright Cellars, an online wine subscription service that uses AI to personalize your wine selections.
Founded in 2014, Bright Cellars has grown insanely fast, with over 300,000 active subscribers and a valuation of $100 million. Another company is Wantable, an AI-powered fashion subscription box that has raised over $19 million in funding.
Its success has been massive for the local economy, generating over $100 million in revenue and creating hundreds of jobs.
But that's not all, Milwaukee's startup ecosystem is stacked with companies like:
- Rent College Pads - A leading off-campus housing platform for college students, with over 700,000 listings nationwide.
- SAFIO Solutions - A media and information services startup backed by venture capital, generating revenue in Brookfield.
- Bright Cellars - The personalized wine subscription service mentioned earlier, valued at a cool $100 million.
According to a recent study by the Wisconsin Technology Council, Milwaukee's tech startups have raised over $1 billion in funding since 2015, creating thousands of jobs and pumping serious cash into the local economy.
Plus, these startups have built a tech community, inspiring aspiring entrepreneurs and attracting top talent from all over. As Matt Cordio, co-founder of Startup Milwaukee, says,
"The startup scene in Milwaukee is electric, and we're just getting started. The support network and resources for founders are next-level, and the success stories coming out of this city are truly mind-blowing."
Key Players Supporting Milwaukee's Tech Growth
(Up)The MKE Tech Hub Coalition has got over 25 organizations teaming up to make this city a total tech powerhouse. They're behind awesome programs like [email protected], which hooked up over $2 million to kickstart 84 rad tech ideas.
And the city itself dropped a massive $25 million on some sweet infrastructure to support the tech hub.
Wisconsin is seriously backing us up too. Their Technology Zone program offers insane tax credits and financial incentives for tech companies.
Plus, the Entrepreneurship Tax Credit Program is hooking up investors who fund startups with fat tax breaks. And the Milwaukee Tech Ecosystem Redevelopment (M-TER) initiative has allocated a whopping $25 million to fuel tech entrepreneurship and grow our talent pool.
The community support here is next level.
You've got legal legends like Michael Best & Friedrich LLP offering free legal services to startups. Then there are total MVPs like:
- CORE El Cedro: Bilingual tech training, so inclusive!
- Skills Pipeline: Connecting tech companies with top talent
- Northwestern Mutual: Investing heavily in developing our tech workforce
- UW-Milwaukee's Center for Technology Innovation: Fostering cutting-edge research and business solutions
All working together to make Milwaukee an absolute tech juggernaut.
With this insane level of support from the city, state, and community, we're well on our way to giving Silicon Valley a run for its money. As Nancy Wilson from Startup Milwaukee says,
"Milwaukee has an incredibly strong and supportive tech community willing to help new entrepreneurs find their way."
The future is bright, and Milwaukee's tech scene is about to blow up!
Success Stories: Milwaukee Entrepreneurs
(Up)Milwaukee's startup scene is thriving, with so many inspiring entrepreneurs making moves and achieving success. Just check out Paul Reckwerdt, the co-founder of TomoTherapy.
He went from zero to hero, building a revolutionary company that got acquired for a whopping $277 million!
There are so many kickass female founders out here crushing it and inspiring others.
Aneysha Bhat, the founder behind Perennial Culture, or Nadiyah Johnson, running Milky Way Tech Hub. These ladies are breaking barriers and showing the world what real girl power looks like.
And let's not forget the pioneers who paved the way, like Chris Hornung, the co-founder of Pacific Cycle.
He built a bike empire from the ground up and sold it for a massive sum.
Milwaukee's startup community is thriving, with so many ambitious entrepreneurs making their mark.
Whether it's fintech, biotech, or any other cutting-edge field, this city has got the goods. If you're trying to level up and achieve success, Milwaukee is definitely the spot to be.
Getting Started in Milwaukee's Tech Industry
(Up)If you're just getting started in Milwaukee's tech game, there are so many rad resources to help launch your career. The MKE Hour of Tech is a regional effort inspiring students to explore the power of technology and innovation through hands-on activities.
And for those looking to level up their skills, check out the Fresh Coast Tech Up bootcamp - it's free and preps you for in-demand IT roles with certs from MATC and CompTIA.
The local universities are killing it when it comes to tech education too.
At UW-Milwaukee, you can pursue degrees like Computer Science or Info Science and Technology. Marquette has a solid Computer Science program, plus the Northwestern Mutual Data Science Institute.
And Milwaukee School of Engineering is a total STEM powerhouse, churning out grads ready to make waves in tech.
But it's not just about the academics – Milwaukee's tech community is thriving with networking opportunities galore.
- Networking Groups: Meetup groups like the Milwaukee Tech Hub Coalition and Milwaukee Data bring techies together to collaborate and share knowledge.
- Entrepreneurial Events: Major events like Milwaukee Startup Week celebrate the city's entrepreneurial spirit.
- Connections and Mentorship: Getting plugged into this scene is key for making connections and finding mentors to guide your journey.
Future Prospects of Milwaukee's Tech Hub
(Up)Milwaukee's tech hub is gonna be straight fire in the coming years! The brainiacs are calling for a 20% spike in tech jobs by 2024, and it's not hard to see why.
This city is turning into a legit tech paradise, with hot startups and a pool of skilled techies popping up left and right.
Here's the scoop on what's heating up the scene:
- Artificial Intelligence (AI) and Machine Learning (ML): Milwaukee is low-key becoming the place to be for AI and ML, with big dogs like Northwestern Mutual and Rockwell Automation leading the charge. These cutting-edge techs are shaking up industries from finance to manufacturing, opening up a goldmine of opportunities for newcomers.
- Internet of Things (IoT): The city's manufacturing game is strong, and they're all over IoT solutions – think connected devices, smart sensors, and data insights galore. If you're into software dev, data analysis, or cybersecurity, this trend is a buffet of job prospects.
- Fintech and Digital Transformation: Milwaukee's financial giants like Fiserv and Northwestern Mutual are killing it with fintech advancements, driving digital transformation and creating a serious demand for tech talent.
The city's vision for its tech ecosystem goes beyond just industry-specific fire.
A recent report from the Wisconsin Technology Council shows that the state is all in on creating a supportive environment for entrepreneurs and cultivating a diverse tech workforce.
We're talking initiatives like:
- Milwaukee Tech Hub Coalition: The "Milwaukee Tech Hub Coalition," a public-private partnership dedicated to attracting and keeping top tech talent in the city.
- Funding and Education: More funding for STEM education and coding boot camps, empowering folks from all backgrounds to break into the tech field.
- Incentives and Programs: Tax incentives and incubator programs to help early-stage tech startups take off.
"Milwaukee's tech ecosystem is poised for exponential growth, driven by a convergence of cutting-edge innovation, a skilled workforce, and a supportive business climate," remarked Christopher Wilson, Executive Director of the Milwaukee Tech Hub Coalition. "The city's future lies in its ability to attract and nurture the next generation of tech pioneers."
As Milwaukee's tech industry keeps soaring, newcomers can expect a goldmine of career opportunities, a thriving startup culture, and a community that's all about pushing innovation to the next level.
Hot startups like Rent College Pads are already making moves, so trust me, you'll want to get in on this action.
Frequently Asked Questions
(Up)Why is Milwaukee becoming a thriving tech hub?
Milwaukee is emerging as a tech hotspot due to affordable living costs compared to major tech capitals, a strong talent pool fueled by top universities, and substantial community support from organizations like the Milwaukee Institute for Software Engineering.
What are some successful startups from Milwaukee's tech scene?
Notable startups in Milwaukee include Bright Cellars, an online wine subscription service using AI, valued at $100 million, and Wantable, an AI-powered fashion subscription box with over $19 million in funding. Rent College Pads and SAFIO Solutions are also key players in the ecosystem.
How is Milwaukee supporting tech entrepreneurs?
Milwaukee supports tech entrepreneurs through initiatives like [email protected], which funds tech ideas, and the Milwaukee Tech Ecosystem Redevelopment (M-TER) initiative, allocating $25 million for tech entrepreneurship. Local organizations also provide free legal services and training programs.
What educational opportunities are available for tech enthusiasts in Milwaukee?
Milwaukee offers extensive educational opportunities, including top university programs at Marquette and UW-Milwaukee and coding bootcamps that prepare individuals for IT roles. Networking groups and entrepreneurial events provide additional support for tech enthusiasts.
What are the future prospects for Milwaukee's tech hub?
Milwaukee's tech hub is expected to grow, with a projected 20% increase in tech jobs by 2024. Key growth areas include AI and machine learning, IoT solutions, and fintech innovations, supported by initiatives like the Milwaukee Tech Hub Coalition and additional funding for STEM education.
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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.