Utah is again being recognized as a leader in innovation in the tech world.
According to the Deseret News (goo.gl/4wmIj), the University of Utah has had the most university based “tech startups” each of the past three years. BYU ranked third this year, right behind MIT.
Among the successes that have come out of BYU are Sonic Innovations (the sixth largest hearing aid manufacturer in the world) and Moxtec (who owns 60% of the market in X-ray windows). The University of Utah has been responsible for Myriad Genetics, Cephalon, and Coherex Medical, among others. The Deseret News also references statistics from the Department of Workforce Services that shows the average Utah Salary is $38,000 yet the average Utah “technology venture job” garners $60,000 annually.
The Deseret News also ran a story (goo.gl/G3qJz) highlighting 4 Utah based companies that made it to Forbes “Americas Most Promising” list. Those companies include Campusbookrentals.com at #31, Packsize at #60, Domo Technologies at #73, and Aquatherm at #76. These rankings were based on “compelling business models, strong management teams, investment capital, and strategic partners.”
What makes Utah a great place to run a business? We believe reasons include an educated workforce, reasonable cost of living, and a high quality of life.
We are curious to know why you think Utah is such a great place to be working in the tech field.
Regardless of the reasons, if you live in Utah there continues to be opportunities to grow.