Why smaller app-based businesses are thriving in Silicon Slopes

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Why smaller app-based businesses are thriving in Silicon Slopes
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For entrepreneurs and innovators alike, the Silicon Slopes region of Utah has emerged as a potent force in the tech world.

For entrepreneurs and innovators alike, the Silicon Slopes region of Utah — which spans mostly through Salt Lake to Utah County — has emerged as a potent force in the tech world. It may not get as much attention as other, more prominent tech hubs, but Silicon Slopes offers a unique set of advantages that have helped several startups get off the ground. A few names you might recognize include Divvy, Ancestry.com and Qualtrics, among many others.

"The development of the tech industry has further strengthened the diversity of the Utah economy, which already stands among one of the most diverse in the United States," Stram reports.' prediction in 2017 that Salt Lake City was the No. 1 U.S. city "poised to become tomorrow's tech mecca." If you're wondering how or why so many businesses have found success along Silicon Slopes, perhaps the following information can shed some light on the topic.One key to the startup success in Silicon Slopes is its tightly-knit and collaborative community. Divvy, a pioneering expense management platform, is a great example of a company that benefited from the culture of collaboration.

Their methods must have worked. In just a few short years, Divvy grew so quickly that Bill.com purchased it in 2021 for $2.5 billion, according toSilicon Slopes is strategically located between two major universities — the University of Utah and Brigham Young University — which allows it to draw in top-tier talent on a local level and beyond.The environment of Silicon Slopes nurtures an entrepreneurial spirit that serves as a catalyst for app startup success.

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