Technology is shaping our economy in far-ranging ways, opening up big opportunities. Nebraska provided a great example this month, as the sports technology company Hudl dedicated its new headquarters in downtown Lincoln.
The seven-story, $25 million building not only provides an exclamation point for Lincoln’s downtown development. It also shows the vitality and creative spirit of Nebraska’s growing technology sector.
Hudl — co-founded by three graduates of the University of Nebraska-Lincoln’s Raikes School of Computer Science and Management — has grown over the past decade to become a global sports video and editing corporation.
The company this year received $30 million in venture capital investment — on top of the $72.5 million the company secured in 2015.
Through smart planning and innovation, Nebraska can carve out smart niches for itself. Sports technology is proving such a niche for a variety of Lincoln-based firms.
Biotechnology provides another Nebraska example. This month, Virtual Incision Corp., a medical device company founded by a UNL engineer and a surgeon at the University of Nebraska Medical Center, announced that it’s raised $18 million in equity funding.
A growing local venture capital sector and a cost of living more affordable than the coasts provide Nebraska with advantages. Private investors, NU and state and local government officials this year showed impressive coordination in cinching the deal by which Ink Labs, a startup company in Silicon Valley, is moving its headquarters to Lincoln.
Nebraska should stay on the lookout for more tech opportunities. Our recent record offers great promise.