How is Austin Cultivating Green Business?
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Austin – the Capital of Texas
Austin is our home and the capital of Texas so we blog about that quite often. After all, a good Austin citizen is someone that is up-to-date with the news and goings on in their city, which is exactly why we write about Austin. We write about our city Austin, the green culture in Austin, and in general and how to get involved and learn more about the great city of Austin, Texas. Although Austin is a quirky, weird city it’s also the home of many high-tech companies. Indeed, Forbes magazine lists Austin as one of the best cities within the United States for jobs. Tech growth has been strong within the last few years, but this growth is not equally distributed across the United States and Austin ranks as one of the best places to live for tech jobs. There’s one clear takeaway from the articles about jobs and the economy: the health of the American economy looks very different depending on where you live. For this and many other reasons, we are happy to live and work in the great city of Austin, Texas.
Austin is a creative hub. It’s young, hip, and upcoming. Austin has long been nick-named the “live music capital of the world”. Indeed, the Austin festival SXSW, short for “South by Southwest”, is held in Austin every March. The annual music and film festival has grown from a small music festival to a world-wide event that serves as the building blocks for new careers and entreprenerual ventures. The SXSW festival and enjoyed consistent and strong growth since its inception in 1987. SXSW has grown from 700 registrants to nearly 12,000 registrants and the festival attracts over twenty thousand registrants each year. The “interactive” portion of the event is about technological breakthroughs and entrepreneur endeavors.
Green energy companies
Austin is more than 6th street and live music. Indeed, the SXSW festival for example, has evolved into a center to cultivate emerging markets and entrepreneurial endeavors, and has generated tremendous growth in the region. For example, the growth momentum in Austin has exceeded other cities in the United States such that Austin has captured the spot of cities among the top 5 fastest growing in the United States. Americans have flocked to Texas in search of a piece of the state’s booming economy as much of the rest of the country struggled in what has been dubbed “the great recession”. Case in point, as a stand-alone country, Texas would be the 14th largest economy in the world.
Austin, Texas: a Tech titan with an Environmentally Friendly focus
Austin cultivates emerging markets and entrepreneurial efforts. Indeed, the Austin business landscape boasts extensive renewables portfolio and energy-efficient business endeavors. Case in point is the Clean Energy Incubator located at the University of Texas in Austin is one of the longest established energy and clean tech incubation programs in the nation.
Austin Technology Incubator (ATI)
The Austin Technology Incubator (ATI) is the business incubator of the IC2 Institute of The University of Texas at Austin. ATI works with seed- and pre- seed-stage technology startups, helping to prepare these businesses for commercial success. The Incubator has operated since 1989 with a dual mission: create jobs and wealth in Central Texas through technology entrepreneurship, and provide unparalleled teaching and research opportunities for the UT-Austin community.
Having been established in 1989, the Austin Technology Incubator has graduated over one hundred-forty companies. While the Incubator is part of The University of Texas and is located in a UT facility, the ATI will work with any company that meets its admissions standards, regardless of whether the company has a UT-Austin affiliation. Selective in admissions, ATI will review 150-200 applications in a typical year and admit 5-10% of the applicants.
Clean Energy Incubator (CEI)
ATI has several specialized sub-incubator programs, each of which is managed by a member of ATI’s professional staff with accountability for that portfolio. One such sub-incubator program is the Clean Energy Incubator (CEI) which profiles electricity generation, energy management, smart grid tools, energy efficiency technologies, clean hydrocarbon, water purification and management, and transportation technologies. The focus of the CEI is primarily on electricity and transportation with strong partnerships with the local electric power company, Austin Energy, which allows the companies enrolled in the CEI to test their products on the local grid. The CEI is also a founding participant in the Pecan Street Project, which is running a $30 million smart grid/smart premises demonstration project in Austin.
Startup Business in Texas
Texas has a strong entrepreneurial spirit that inspires innovative thinking and visionary action. Throughout the state, Texas business incubators provide entrepreneurs with inexpensive startup environments and a range of administrative, consulting, and networking services. As a core part of the Central Texas entrepreneurial ecosystem, ATI is deeply networked with the institutions and individuals that drive Austin’s startup community. The ATI Clean Energy Incubator (CEI) is one of the longest-established clean energy incubators in the United States and has a privileged position since UT does more energy research than any other university in the world. The future of clean tech is evident today – right now – in Austin, thanks to visionary business leaders and Green companies in the Texas Hill Country.
Green Web Hosting
Green energy companies are changing the way business does business. Green web hosting is an example of how high tech businesses utilize green energy alternatives to change the landscape of the Austin community through the use of renewable energy resources. Green web hosting is a core belief of Austin’s commercial sector, creating the perfect combination of high tech and green technologies to expand the commercial base of the city without creating a negative impact on the local environment.
The high tech sector has drawn tens of thousands of engineers, innovators, entrepreneurs and other smart energy users to create an incubator for new business – especially high tech businesses that employ green tech to power up profits. Austin’s business community proves that green is not only good for the environment, it’s good for business.