Ecosystem value US$17bn
Ecosystem overview One of North America’s fastest-growing cities, ranking third in its density of high-growth companies and sixth in its rate of job creation (Surge Cities Index), Austin has been a hot relocation city for tech talent from the Bay Area during the COVID-19 pandemic. Oracle and VC firm 8VC are both moving their HQ to Austin, while Tesla founder Elon Musk is building a new Cybertruck factory here.
Startups have a wide range of market opportunities and access to capital, especially in cleantech and cybersecurity. Austin is home to the University of Texas’ Clean Energy Incubator, one of the longest-established energy and cleantech incubators US-wide, and is home to successful cleantech companies Energy Curb and Banyan Water.
With Austin selected for the new US Army Futures Command, designed to modernise the Army and invest in science, tech, and engineering, cybersecurity startups are booming, with identity and access management provider SailPoint and anti-fraud platform Spycloud already successes.