Inside Orem's Thriving Tech Hub: Startups and Success Stories
Last Updated: December 16th 2024
Too Long; Didn't Read:
Orem, Utah is becoming a tech hub, with tech comprising 18% of the city's GDP and tech jobs growing by 35% since 2018. Key startups like Pura and Nomi Health are driving innovation in consumer tech and healthtech. Orem's entrepreneurial ecosystem supports startups with resources like free consulting and mentorship. Visionary entrepreneurs, like MX Technologies co-founder Karen Williams, are making global impacts. With ambitious plans for growth in industries such as semiconductors and biotech, Orem is set to become a leading tech industry city.
Orem's Thriving Tech Scene is mad legit! It's like the Silicon Valley of Utah, with a crazy startup vibe happening.
We're talking unicorns like Vivint Smart Home and Domo killin' it out here. According to the stats, tech is crushing it at like 18% of Orem's GDP and generating billions annually.
Plus, tech job opportunities have skyrocketed by 35% since 2018 - that's nuts! All the cool kids are building dope stuff in software, IT, computer systems, and data analytics.
Even the Mayor is hyped, saying this tech revolution is a total game-changer for Orem's economy, attracting top talent and fostering an innovative AF culture.
With business-friendly vibes and startups poppin' up left and right, Orem is low-key becoming Utah's next big tech hub. Stay tuned for the rise of the Orem startup scene!
Table of Contents
- Key Startups Originating in Orem
- Success Stories: From Orem to the World
- Support Systems for Startups in Orem
- Future of Orem's Tech Industry
- Frequently Asked Questions
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Key Startups Originating in Orem
(Up)Orem is seriously crushing it when it comes to the startup scene! Sure, you've heard about the big dogs like Pluralsight and Domo, but there's a whole squad of fresh startups making waves too.
Check out Troomi Wireless, the kid-safe phone keeping digital wellness on lock. Or peep DirectScale, the SaaS platform supporting direct sellers and their teams.
Can't forget Cultivate Your Talents Academy either, gamifying education so students can learn and teach like pros.
But that's just the tip of the iceberg.
Orem is home to sick companies like Pura, the world's first smart fragrance diffuser, and ASA Technologies, bringing unlimited fintech solutions to the table.
Then there's Bifrost Interactive, creating immersive language-learning games in VR, and Relica, making cross-platform file backups a breeze. Oh, and let's not forget Nomi Health, on a mission to make healthcare more accessible and affordable for everyone.
With innovative startups popping up left and right, Orem is quickly becoming the place to be for anyone looking to get in on the ground floor of the next big thing.
From consumer tech and fintech to healthtech and beyond, this city is a startup paradise, fostering an entrepreneurial spirit that's truly unmatched. So if you're an ambitious go-getter ready to make your mark, Orem's the spot to be.
Success Stories: From Orem to the World
(Up)Orem's tech scene is straight-up fire, with companies like Novacoast expanding their international cybersecurity operations right here.
Major Utah businesses like Qualtrics, doTerra, and Ancestry.com have all chosen Ireland for their global growth, showcasing the entrepreneurial spirit brewing in our backyard.
But the real stars are the startups killing it worldwide, like Jolt with their task management solutions streamlining operations across industries.
Orem's success tales extend beyond just companies too.
Entrepreneurs from here are making major waves globally. Just look at Karen Williams, the visionary co-founder of MX Technologies (now MX). Under her leadership, MX revolutionized financial data, empowering over 5,000+ institutions and fintechs worldwide to deliver exceptional digital experiences.
They're servicing a whopping 200 million consumers across 49 countries and processed over $1 trillion in transactions last year alone. Williams's vision transformed how financial data is managed, leaving a lasting impact on the global fintech landscape.
These epic success stories prove Orem is a thriving tech hub where innovative ideas can go big-time global.
With the city's tech ecosystem continuing to slay, more remarkable tales of triumph are on the horizon, cementing Orem's status as a hotbed of innovation and technological excellence on the world stage.
Support Systems for Startups in Orem
(Up)Orem's startup scene is on fire, and it's got some sick resources backing it up! The Utah Founders website hooks you up with all the incubators, funding, and edu opps you need to get your biz poppin'.
The UVU Business Resource Center is a total game-changer, offering free consulting, training, and even office spaces to help small businesses crush it.
But that's not all - Grow Utah's Startup Connectory is like a massive directory of all the entrepreneur squads, accelerators, and meetups in the Utah ecosystem.
You can find your tribe and start networking like a boss. Plus, the Orem Small Business Development Center has got your back with one-on-one mentoring from industry pros.
And let's not forget about the UVU Small Business Development Center - they'll teach you everything from writing a killer biz plan to mastering finance and marketing.
With so many rad resources at your fingertips, Orem is the place to be if you want to turn your startup dreams into reality. The support system here is unreal, and the opportunities are endless.
Just ask the folks at top coding bootcamps or Orem's hottest startups - they'll tell you all about the amazing community that's helping them crush it!
Future of Orem's Tech Industry
(Up)Orem's tech scene is blowing up, and it ain't slowing down anytime soon! According to the latest from the Tech Hubs Program, Orem's got some seriously ambitious plans to become a global leader in cutting-edge tech.
We're talking bold visions for transforming the region into a powerhouse for industries like semiconductors, biotech, clean energy, and more!
But it's not just big talks.
The 2024 Utah Tech Trends Report reveals that over half of Utah's tech leaders expect a revenue increase this year.
Plus, a whopping 57% of companies are planning to upskill their tech teams, so you know they're gearing up for the future.
And let's not forget about the startups killing it in Orem.
Companies like Jolt are crushing it with innovative solutions for streamlining task management and boosting employee engagement.
It's the kind of game-changing tech that's putting Orem on the map.
But what about landing a sweet tech gig in Orem, you ask? Well, Nucamp's guide breaks down the unique advantages of tech careers in Orem, including growth opportunities and a solid work-life balance.
And if you're looking to level up your skills, check out Nucamp's roundup of must-attend tech meetups and conferences in Orem, like the Agile Coffee Meetup where you can brew up innovative solutions over casual conversations.
Frequently Asked Questions
(Up)What is the economic impact of the tech industry in Orem?
The tech industry accounts for approximately 18% of Orem's GDP and generates billions annually. Since 2018, tech-related job opportunities have increased by 35%, significantly contributing to the local economy.
Which startups are contributing to Orem's reputation as a tech hub?
Key startups in Orem include Pura, ASA Technologies, Bifrost Interactive, Relica, and Nomi Health. These companies are making significant advancements in diverse areas such as consumer tech, fintech, healthtech, and more.
Are there any notable success stories from Orem's tech scene?
Yes, notable success stories include entrepreneurs like Karen Williams of MX Technologies, who revolutionized financial data services. Orem's startups continue to make a global impact, proving the city's potential in the tech industry.
What support systems are available for startups in Orem?
Orem offers robust support systems, including incubators, funding opportunities, free consulting, training, office spaces, and numerous networking events through entrepreneur directories and meetups.
What is the future outlook for Orem's tech industry?
Orem is planning to become a global leader in advanced tech industries like semiconductors and biotech. With over half of Utah's tech leaders expecting revenue growth and increased upskilling, Orem is poised for a promising tech future.
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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.