“Next in Tech” Index Ranks Charleston, SC 25th in Latest Startup Economy Index

New “Next in Tech” Index Identifies Cities Across the Nation Fostering Startup Creation and Job Growth

One million additional jobs per year can be created if pro-startup and entrepreneurship policies put in place

Washington, D.C. — TechNet, the national, bipartisan network of innovation economy CEOs and senior executives, and the Progressive Policy Institute (PPI) today unveiled groundbreaking research that shows that encouraging the creation of dynamic startups across the nation can create one million new jobs per year.

The study, conducted by Dr. Michael Mandel of the Progressive Policy Institute on behalf of TechNet, found growing evidence that dynamism is returning to our economy.? Net establishment formation is accelerating to pre-recession levels, showing that new companies are being formed and existing enterprises are expanding.? Additionally, 48% of net establishment formation is happening outside of the 35 largest metro areas, clearly indicating the dynamism is spreading.

To further examine this spread of dynamism and “Startup Economy” jobs throughout the nation, the study identifies 10 technology hubs and 25 “Next in Tech” cities with a thriving startup environment.? At the top of the “Next in Tech” index are Washington, D.C., Atlanta, Denver, Salt Lake City, Portland, Dallas, Raleigh-Durham, Worcester, and Philadelphia.

“Startup culture, which began in the garages of Silicon Valley, has spread across the nation,” said Linda Moore, president and CEO of TechNet.? “From Provo to Portland and Nashville to New Orleans, entrepreneurs are launching new ventures in the hope that they can become the next big thing.? Startups like these are the economic engine that drives job creation.? In 2014, companies in their first five years of life created 2.2 million jobs, while firms older than five years created only 450,000 jobs.? That’s remarkable, and it means that if we put the right policies in place to support startups, we can create one million new, good-paying jobs each year.”

“Policymakers on the national, state, and local level must pay close attention to startups — encouraging their formation and removing the obstacles to their growth,” said Dr. Mandel.? “Put simply, this requires better regulatory policy, improved access to talent, and better access to markets and capital.? Such startup friendly policies do not necessarily require large amounts of money.? They do, however, require governments to do things differently than before.? We need one million additional jobs annually from young firms.? It won’t be easy — but it’s the only way that the U.S. can grow.”

“These long established industries that are transforming and becoming redefined by emerging technologies are not just based on the coasts, but are across America — in every city and corner of the country,” said Terry Howerton, co-founder and CEO of TechNexus Venture Collaborative.? “The industry and domain expertise to apply new technology — and the jobs created by this disruption — are best suited for the communities where today’s startups and corporations exist, everywhere.? That’s why smart public policy at the federal, state, and local levels is critical to keeping these new jobs distributed around the country.”

Startup Agenda

The study concludes that the goal of startup policy should be to spur the creation of an additional one million jobs in young firms each year.? This requires the adoption of a multi-pronged federal, state, and local “Startup Agenda” including:

  • Improving access to capital through updated rules that make crowdsourcing easier and put in place tax incentives to encourage investment in?early stage, high growth?local?companies.
  • Fostering access to talent by ensuring that?STEM and?computer science is taught in every school in America, developing worker retraining programs, and reforming high-skilled immigration policies that encourage entrepreneurship.
  • Opening up access to markets through trade policies that encourage U.S. exports.
  • Instituting a pro-innovation regulatory and fiscal policy and reducing the burden of regulation?and taxation?on small companies.

About TechNet
TechNet is the national, bipartisan network of technology CEOs and senior executives that promotes the growth of the innovation economy by advocating a targeted policy agenda at the federal and 50-state level.? TechNet’s diverse membership includes dynamic startups to the most iconic companies on the planet and represents more than two million employees in the fields of information technology, e-commerce, advanced energy, biotechnology, venture capital, and finance.? TechNet has offices in Washington, D.C., Silicon Valley, San Francisco, Sacramento, Austin, Boston, Seattle, Albany, and Tallahassee.?

About PPI
The Progressive Policy Institute is a catalyst for policy innovation and political reform based in Washington, D.C.? Its mission is to create radically pragmatic ideas for moving America beyond ideological and partisan deadlock.? PPI is developing fresh proposals for stimulating U.S. economic innovation and growth; equipping all Americans with the skills and assets that social mobility in the knowledge economy requires; modernizing an overly bureaucratic and centralized public sector; and, defending liberal democracy in a dangerous world.

Full Press Release

Charleston Based ROK Technologies, LLC Unveils Latest IoT Solution

In the coming weeks ROK Technologies (ROK) will unveil its latest IoT and accelerated data solution; ROK’s Private Cloud will now be part of Amazon Web Services (AWS) Direct Connect. Working with AWS Direct Connect will allow ROK’s enterprise customers to leverage a multi-platform cloud that delivers improved connection reliability and lower latency. In the world of IoT, this means that sensor generated data can be quickly aggregated to output high impact spatial analysis tools.

The launch of this new capability will provide an optimal IoT solution for organizations in both the public and private sectors including the Department of Defense and Intelligence Community who can utilize both the AWS Direct Connect and the Linux applications soon to be available on the on AWS Marketplace.

“This solution underscores the seriousness of our continued focus on expanding our Geographic Information Systems (GIS) cloud business and will lead to even more offerings related to the Internet of Things (IoT) and the virtualization of 3D software for cloud based rendering.” said Jason Harris CTO at ROK.

“As more of our current clients and partners delve into IoT it is our top priority that they and their consumers have the best experience possible.” said Alex Coleman, EVP at ROK “A direct connect to AWS assures this outcome.”

ROK Technologies, LLC, based in Charleston, South Carolina, serves clients in many industries and governments globally. As an Esri Silver business partner and ArcGIS? Server Application Service Provider licensee, they are able to leverage the entire ArcGIS? platform, including ArcGIS? for server hosting, application development, and virtualized desktop software – available from anywhere, on any device. ROK’s cutting edge core competencies and secure private cloud infrastructure provide their clients the tools they need integrate their enterprise software with GIS solutions, products and services.

Connect with ROK
Phone: 843.577.3192
Toll-Free: 888.898.3404
Fax: 843.225.1813

Just How Big is Tech in Charleston, SC?

Ranked the 11th best performing U.S. metro for high-tech GDP growth, Charleston | SC | USA is home to 250+ tech companies and counting. New job opportunities and announcements are always popping up. To stay up-to-date on the exciting news from Charleston’s tech community, sign-up to become a Charleston Open Source Digital Ambassador. You can easily share on social media all that’s amazing about working in tech in Charleston on social media.

Take a look at some of the highlights from Charleston’s tech scene this year:

Awards and accolades

  • Twelve Charleston tech companies made the 5000, an annual ranking of the fastest-growing private companies in the country. 23 of Charleston’s companies earned a spot in the most competitive year of the list’s history.
  • Two Charleston-area biomedical startups were awarded $50,000 each from the South Carolina Research Authority (SCRA) – Neuroene Therapeutics for developing an epilepsy treatment and Reify LLC for its work in 3D-printed prosthetics.
  • Real estate startup Preclose was a finalist at the annual Realogy FWD Innovation Summit hosted by industry leader Realogy Holdings Corp. Preclose was selected from a field of 100 companies.

Acquisitions and expansions

  • Blackbaud, leadingprovider of?nonprofit?software and services, acquired Maryland-based startup Attentive.ly. Blackbaud has invested $380 million + in new acquisitions since 2014.
  • Charleston-based human resources tech company PeopleMatter was acquired by Snagajob. Founded in 2009, PeopleMatter has raised $63 million from investors and employs more than 100 workers in Charleston, making the company one of the region’s most prominent tech firms.
  • Bookkeeping tech company Ceterus, raised $4.2 million, expanded its headquarters, and grew staff by 50%.
  • The Harbor Entrepreneur Center, a startup accelerator program in the Charleston region, will open its fifth location in local tech company BoomTown’s new headquarters in early 2017.

New conferences, co-working spaces and coding schools?

  • Dig South, “The South’s Innovation Conference,” saw a record number of attendees in its fourth year. The event, which is Charleston’s biggest technology conference, drew presenters representing global brands including Google and Twitter.
  • The first-ever Charleston Angel Conference resulted in a $100,000 investment for local startup Dynepic, which creates a platform for the “Internet of Toys.” The conference fills an important niche in Charleston’s tech scene by connecting emerging startups with angel investors in the region.
  • Charleston hosted its second Revolve Conference to support tech-minded entrepreneurs and companies in the customer experience, design and marketing industry. A first for the Southeast, the conference drew speakers from several surrounding cities.
  • Three new co-working spaces opened in the Charleston region in the past year: Holy City Collective, Launch Pad and the Avondale Incubator. More are planned this year, including Office Evolution.
  • Jack Russell Software announced the launch of a new coding school in Charleston. The course joins several other local coding schools that provide a talent pipeline for Charleston tech companies.

Full Article from Charleston Regional Development Alliance