Austin named “Startup Hub” by Fast Company

Austin named "Startup Hub" by Fast Company

Austin Business Journal – 1:15 PM CDT Monday, July 2, 2007

Austin has been named a "Startup Hub" by Fast Company magazine's annual 30 Fast Cities list.

The magazine judged cities in nine categories including "Creative-Class Meccas," "R&D Clusters," "Urban Innovators" and "Green Leaders."

Cities were selected based on three basic criteria: a culture that nurtures creative action and game-changing enterprise, innovation and energy. Indicators include the obscure, such as the number of ethnic restaurants or the ratio of live-music lovers to cable-TV subscribers, the magazine said.

Among the city's characteristics that landed Austin on the list are the high number of Wi-Fi hot spots per capita and its relatively young population, according to the magazine.

Other Startup Hubs on the magazine's list include Madison, Wis., Tuscon, Ariz. and London, England.

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