3 Reasons Why Nashville is a Booming Hub for Startups

You can’t start up your start-up anywhere. You need access to talent, capital, and infrastructure. Ideally, you’ll be in city with a public and private sector that cooperates with and supports entrepreneurs. What you don’t need are astronomical rental, living, and other costs that can be a serious drag on your business’ ability to gain momentum (I’m looking at you, Silicon Valley and NYC).

Nashville Entrepreneur CenterFortunately, the eyes of entrepreneurs, venture capitalists, and skilled professionals have looked beyond the coasts over the past few years to find robust start-up environments in other major U.S. cities. One such city is Nashville. While it is still proudly and vibrantly “Music City,” Nashville has become a cosmopolitan and diverse city that can also boast of a booming start-up sector.

Here are three reasons why Nashville’s start-up scene may be music to your young company’s ears:

  1. Venture Capital Money has found Nashville.

According to The Tennessean, “the number of venture capital investments annually in Nashville has grown by 450 percent since 2009, compared to 140 percent nationally, with more than $150 million invested. Out-of-town capital from big names like GV (Googles VC arm), Goldman Sachs, and Credit Suisse has arrived in force. But local investors are stepping up as well. The Nashville Capital Network, a consortium 130 professional Nashville investors, allocates $1 to $3 million to qualifying start-ups after they have achieved seed rounds to help them launch.”

  1. Community and government support for startups.

There has been a concerted effort by local and state government as well as the Nashville business community to encourage start-up activity. The Nashville Entrepreneur Center, the state’s TNInvestco initiative, and Launch Tennessee’s mentoring and incubator programs are just a few of the resources available to early-stage companies in Nashville.

  1. Talent.

Not only is Nashville home to Vanderbilt University (#15 in the latest US News college rankings), but the city has also seen a large influx of young professionals attracted by lower costs of living, a hopping music and nightlife scene, and abundant recreational opportunities. Last year, Nashville was named one of the top five cities for new tech grads due in part to its mentoring and networking opportunities.

Nashville has set the stage for start-ups to relocate, attract investment, and grow. With a bright future ahead, it may be the right place for your young business to step into the spotlight.