When you think about startup hubs, Tulsa, Oklahoma is probably not the first city that enters your mind.
A coalition of company, education, federal government and benefactors are working to foster a start-up ecosystem in a city that’s better known for its aerospace and energy companies. These community leaders recognized that raising the standard of living for a large cross-section of people needed a brand-new generation of companies and jobs– which takes commitment from a broad set of interested parties.
In Tulsa, that effort started with George Kaiser Household Foundation (GKFF), a humanitarian organization, and ended with the creation of Tulsa Development Labs (TIL), a partnership between GKFF, Israeli cybersecurity venture capitalists Team8 and numerous location colleges and city government.
Tulsa is a city of more than 650,000 individuals, with a typical home income of $53,902 and a median house cost of $150,500. Glassdoor reports that the average wage for a software engineer in Tulsa is$66,629; in San Francisco, the average home rate is over $1.1 million, family earnings is available in at $112,376 and Glassdoor’s average software engineer wage is $115,822.
House to numerous universities and a variety of cultural destinations, the city has a lot to provide. To sweeten the offer, GKFF spun up “Tulsa Remote,” an effort that offers $10,000 to remote employees who will relocate and make the city their online. The objective: draw in brand-new, state-of-the-art employees who will assist develop a more dynamic economy.
Regional colleges are informing the next generation of workers; Tulsa Development Labs is dealing with the University of Tulsa in partnership with Team8 through the university’s Cyber Fellows program. There are also continuous discussions with Oklahoma State University-Tulsa and the University of Oklahoma-Tulsa about building a similar relationship.
These constituencies are attempting to grow a startup community from the ground up. It takes a sense of cooperation and effort and it will most likely take some luck, but they are starting with $50 million, revealed just today from GKFF, for start-up financial investments through TIL.
Article curated by RJ Shara from Source. RJ Shara is a Bay Area Radio Host (Radio Jockey) who talks about the startup ecosystem – entrepreneurs, investments, policies and more on her show The Silicon Dreams. The show streams on Radio Zindagi 1170AM on Mondays from 3.30 PM to 4 PM.