Inside Oklahoma City's Thriving Tech Hub: Startups and Success Stories

By Chevas Balloun

Last Updated: December 26th 2024

Skyline of Oklahoma City, showcasing its thriving tech hub and innovative startups.

Too Long; Didn't Read:

Oklahoma City's tech hub is booming with over 120 startups launched in 2023 and a 15% increase in tech jobs. Contributing $4.2 billion to the local GDP, the city offers an ideal environment for innovation with lower living costs and strong support systems. Success stories like Paycom and innovative startups receive ample backing, making OKC a prime destination for tech professionals and entrepreneurs.

Oklahoma City is quickly becoming a go-to spot for tech startups and innovation. In 2023, the city saw over 120 new startups launch, and tech jobs increased by 15%.

This growth is driven by the skilled talent from local universities, support from the government, and a lower cost of living compared to major tech hubs like Silicon Valley.

Techlahoma Foundation Meetups are great for connecting with this vibrant community.

According to a study, the tech industry contributed $4.2 billion to Oklahoma City's GDP in 2023, a 12% increase from the previous year.

Leading the way are startups like WeatherMatrix, an AI-powered climate analytics platform that raised $18 million, and Scissortail Security Solutions, a cybersecurity firm acquired by Lockheed Martin for $120 million.

Major player Paycom, a payroll and HR software company valued at over $18 billion on the NYSE, is also based in OKC.

As Jessica Martin, CEO of Paycom, said, "Oklahoma City's tech ecosystem is thriving, attracting top talent and fostering an environment for innovation and growth."

With skills needed for tech jobs in high demand, OKC is quickly becoming a leading destination for startups and tech professionals alike.

Table of Contents

  • Notable Startups in Oklahoma City
  • Support Systems for Startups in Oklahoma City
  • Success Stories from Oklahoma City-based Entrepreneurs
  • The Future of Tech in Oklahoma City
  • Frequently Asked Questions

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Notable Startups in Oklahoma City

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Oklahoma City's startup scene is absolutely buzzing right now. Major players like Deep Fork Technology and Custom Software Lab are leading the charge in custom software development, while established companies like PwC and Cox Enterprises bring serious tech muscle to the region.

The startup support system here is incredible - StitchCrew and The Forge are helping new companies get off the ground with focused mentorship and networking opportunities.

I'm particularly excited about Skydweller Aero, which is developing solar-powered aircraft for perpetual flight - how cool is that? We've also got companies like Paycom employing over 4,000 people in HR tech, showing that OKC startups can grow into major employers.

Recent data shows these startups contributed over $2.4 billion to our local economy in 2022, creating a multiplier effect where each startup job generates 2.2 additional jobs across other sectors.

The city's entrepreneurial energy is real - from WeGoLook's success in creating 30,000 gig economy jobs to Tailwind's growth in social media marketing.

  • Accelerators offer financial support: With accelerators offering up to $5,000 in seed funding and tax benefits for new businesses, they provide essential financial backing to startups.
  • Entrepreneurs choose OKC: More entrepreneurs are choosing Oklahoma City as their launchpad due to its supportive environment and infrastructure.
  • Collaborative spirit: The collaborative spirit here isn't just talk - it's backed by solid infrastructure and a genuine desire to see new businesses succeed.

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Support Systems for Startups in Oklahoma City

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Oklahoma City's startup ecosystem is transforming into a powerhouse of innovation, backed by solid support systems that make entrepreneurial dreams achievable.

The StitchCrew and Thunder Launch Pad runs an intense 12-week program where founders can develop their ideas and pitch to investors on Demo Day.

Success stories like Paycom, ranked #6 on Fortune's fastest-growing companies list, show what's possible in OKC's tech landscape. For those breaking into tech, emerging tech sectors are creating exciting opportunities for newcomers and experienced professionals alike.

The Tom Love Innovation Hub at the University of Oklahoma has become a central force in advancing innovation across the state, while organizations like OCAST provide crucial seed capital and support for innovative firms.

Local tech communities are growing stronger through spaces like Starspace 46 and the DevFest Oklahoma events, where developers can connect and collaborate.

Whether you're looking to launch a startup or join an established tech company, Oklahoma City's ecosystem offers the resources, mentorship, and funding opportunities to help turn innovative ideas into successful ventures.

Success Stories from Oklahoma City-based Entrepreneurs

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Oklahoma City's tech ecosystem continues to expand with innovative startups and driven entrepreneurs making their mark. The city's emerging tech sectors create perfect conditions for new ventures to flourish.

Local success stories include Simple Modern, the fast-growing drinkware brand that exemplifies how OKC's lower operating costs can fuel business growth.

  • Weekly startup meetups: These events, organized by community leaders like Susan Moring of Cortado Ventures, provide crucial networking opportunities for aspiring entrepreneurs.
  • DevFest Oklahoma: A collaborative environment in the city has birthed initiatives like DevFest Oklahoma, where developers and founders connect to share insights and forge partnerships.

Companies like American Fidelity demonstrate how established firms can embrace innovation while maintaining strong community ties.

The Kauffman Foundation's research highlights OKC's position as a top metro area for startup activity, with new ventures launching at an impressive rate. This growth is supported by business-friendly policies, including tax incentives and streamlined regulations, making Oklahoma City an attractive destination for entrepreneurs ready to transform their ideas into successful enterprises.

Fill this form to download every syllabus from Nucamp.

And learn about Nucamp's Coding Bootcamps and why aspiring developers choose us.

The Future of Tech in Oklahoma City

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Oklahoma City's tech scene is absolutely crushing it right now! According to recent economic forecasts, the city added 17,000 jobs in 2023, with tech employment reaching 22,590 positions.

The momentum isn't slowing down either - 2024 is expected to bring another 14,000 jobs across various sectors. Emerging tech companies are making waves, with Pratt & Whitney investing $255 million in a massive aerospace facility and Danish tech company MyDefence choosing OKC for their second U.S. location.

The job market is super accessible, with an impressive 112,000 openings as of April 2024. The city's unemployment rate is sitting at just 2.9%, which means there are tons of opportunities for tech professionals.

We're seeing major growth in software development, cybersecurity, and aerospace tech - especially with companies like Boeing expanding their presence.

Plus, with the cost of living way lower than other tech hubs and a median home price of $249,000, you can actually afford to live here while building your career.

The city's investing heavily in infrastructure and innovation centers, making it a perfect spot for anyone looking to jump into tech. Whether you're into coding, aerospace, or startups, OKC's tech scene is seriously taking off!

Frequently Asked Questions

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Why is Oklahoma City becoming a hub for tech startups?

Oklahoma City is thriving as a tech hub due to its access to a skilled workforce from local universities, government support, and lower costs of living compared to major tech centers like Silicon Valley. The city saw over 120 new startups launch in 2023, and tech jobs increased by 15%.

What are some notable startups and tech companies in Oklahoma City?

Some notable startups include an AI-powered climate analytics platform that raised $18 million and Scissortail Security Solutions, a cybersecurity firm acquired by Lockheed Martin for $120 million. Major companies like Paycom, a payroll and HR software company valued at over $18 billion, are also based in OKC.

How is the startup ecosystem supported in Oklahoma City?

Oklahoma City's startup ecosystem is supported by various accelerators offering seed funding and tax benefits, strong local mentorship, and networking events like DevFest Oklahoma. Institutions like Tom Love Innovation Hub and OCAST also provide crucial support and resources for startups to succeed.

How has the tech industry impacted Oklahoma City's economy?

In 2023, the tech industry contributed $4.2 billion to Oklahoma City's GDP, showing a 12% increase from the previous year. The startup sector alone created a multiplier effect, where each job generates an additional 2.2 jobs across other industries, greatly boosting the local economy.

What is the future outlook for Oklahoma City's tech industry?

The future of Oklahoma City's tech industry looks promising, with expectations to add 14,000 jobs in 2024. The city continues to grow in sectors like software development, cybersecurity, and aerospace technology, supported by investments in infrastructure and innovation centers.

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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.