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Beehive state residents have worked hard since the days of salt mines and frontier hardships. Now the scene is buzzing with entrepreneurial activity.
When Adobe purchased Omniture, an analytics company in Orem, it paved the way for more tech startups to begin claiming their place in the landscape, which already included companies like Vivent and Ancestry.
Low electricity and business tax rates contribute to an economy for components for some of the state’s other top industries, like aerospace. Composites include carbon fiber, made in the state’s strong manufacturing base.
With few tornadoes or earthquakes and an educated workforce, Utah is a prime location for disaster recovery and data storage backup facilities. Servers here store data for the National Security Agency (NSA), Oracle, and more.
Utah is near transportation hubs leading across the US, including its Customs Port of Entry, railroads, and major highways. It’s also got abundant, inexpensive land. That makes Utah a center for distribution, favoring industries like warehouses and trucking.
BoomStartup’s summer program aims to get startups worthy of attention from angel investors, venture capitalists, and banks. It has helped over 170 companies with minimum viable product design, revenue generation, and networking. With programs aimed at multiple stage companies, it’s a starting point whether you’re pitching or ready to fund your growth curve by connecting with their 100+ investors.
If you’re a software or technology startup, this growing incubator program in Salt Lake City and Provo offers a four-month program focused on development and marketing to get fledgling companies off the ground with investment opportunities.
Fueled by the David Eccles School of Business at the University of Utah, this launch machine features pitch events, prototyping workshops, and one-on-one connections with lawyers, engineers, and business experts. Scholarships and office space can help young companies get the education they need to grow.
The BioHive helps startups in the biological sciences grow health and wellness businesses in Utah. Funding, mentorship, and networking help connect entrepreneurs in biotech with resources to succeed.
Michael Seibel CEO at Y Combinator
Jason Ovryn Co-founder & COO at Carry