Minneapolis is Gaining Popularity with Tech Start-ups

With a robust talent pool and reasonable cost of living, tech start-ups are finding Minneapolis quite attractive. Does this city have the makings to become a major tech center?

Below is an excerpt from an interesting story from USA Today about how Minneapolis is attracting high-tech start-ups:

Some 150 young businesses are working to get companies off the ground here, according to tech.mn, a local website which tracks area start-ups.

"We have a phenomenal talent pool that's a lot easier to tap into than the (Silicon) Valley," says Casey Allen, co-founder of Project Skyway, an incubator helping start-ups find financing. One of its companies, educational software firm Naiku, recently got $330,000 in financing from local venture firms, Allen says. The advantage to working locally: "We have a lower cost of living by a magnitude of two than San Francisco," Allen says. A start-up could try California, "or start a company here and have all the cost savings already built in."

To read the full article click here and be sure to follow Connect Minnesota on Facebook and Twitter for more articles on how technology impacts your life!

• Share