Building a mature, flourishing tech ecosystem is far from an easy task. It takes the unwavering dedication of many talented people over many years, and success is never a guarantee. But it can be done, and those working “in the trenches” of tech entrepreneurship can look to other communities that are a few steps ahead on this journey for guidance and inspiration.
Cincinnati is one such community. Nestled along the Ohio River and close to the borders of Indiana and Kentucky, Cincinnati harbors a fast-growing tech ecosystem that’s fueled by four nearby universities, large national companies such as P&G and Kroger, and dozens of innovative, venture-backed startups. The product of more than a decade of hard work and local initiatives, Cincinnati serves as a prime example of how to build a world-class tech ecosystem in the Midwest.
During Techstars’ Cincinnati Startup Week, the entire Powderkeg team traveled to Cincy to unveil the findings of the just-released 2018 Cincinnati Tech Census Report. While there, we spoke with eight influential members of the Cincinnati tech community, from entrepreneurs and investors to journalists and thought leaders, to break down the factors that have powered the growth of Cincinnati’s tech sector and highlight lessons for other communities across the country.
In this episode with some of Cincinnati’s top tech entrepreneurs, investors and thought leaders, you’ll learn:
- Cincinnati’s secrets for attracting and retaining entrepreneurs and tech talent.
- Why tech investors are committing more than ever to diversity.
- The important role young people play in the growth of tech communities.
- How large companies and startups can work together for mutual benefit.
- Key steps a city must take to build a thriving entrepreneurial community.
- A few of the most innovative Cincinnati-based startups to keep your eye on.
Please enjoy this conversation with some of Cincinnati’s brightest entrepreneurs, investors, and tech thinkers!
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- Stream by clicking here.
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Quotes from this episode of Powderkeg:
“What attracts people to Cincinnati is the stability. There are a lot of large corporations here, there are a lot of research institutions. That is an attractant to come and stay.” — @eweissmann on @PowderkegCo
“Investing in entrepreneurs here in Cincinnati creates a vibrancy in our city that makes it the kind of place where I want to live, and attracts more of that.” — @ATMviews on @PowderkegCo
“So many people have left the P&Gs and the Krogers and the Fifth Thirds to start companies. We have some really skilled individuals that have seen a problem in the market and can take it further.” — @Schloty on @PowderkegCo
“We have to be able to plug our 18, 19, 20, 21 and 22-year-olds into this ecosystem so that they can see the possibilities here. And when we do, they’re more than twice as likely to stay.” — @marklacker on @PowderkegCo
“My hope for CincyTech is that we will continue to identify amazing entrepreneurs, support them as they grow on their journey, and ultimately enable them to be as successful as they possibly can.” — @jenniferdauer1 on @PowderkegCo
Links and resources mentioned in this episode
Companies and organizations:
Rising Moon Consulting
Procter & Gamble
Rise of the Rest
Pacific Crest Securities (now KBCM Technology Group)
Fifth Third Bank
Cincinnati Children’s Hospital
Fox Interactive Media
Western & Southern Financial Group
McKinsey & Company
Frost Brown Todd Attorneys
Todd Henderson (@todd_henderson)
Eric Weissmann (@eweissmann)
Jeff Barrett (@BarrettAll)
Ann Mooney (@ATMviews)
Kyle Schlotman (@Schloty)
Kirsten Moorefield (@kirstenteresa)
Mark Lacker (@marklacker)
Jennifer Dauer (@jenniferdauer1)
Tarek Kamil (@TarekKamil)
Patrick Longo (LinkedIn)
Patrick Henshaw (@LeadersOutFront)
Tim Kopp (@tbkopp)
Wendy Lea (@WendySLea)
Mike Venerable (@mvenerable)
Peg Rusconi (@PegRusconi)
What stood out most to you about what these entrepreneurs share in this podcast?
For me, it’s the key steps a city must take to build a thriving entrepreneurial community.
You? Leave a comment below.
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