Only recently have software and semiconductors started to emerge. It was a good idea before its time. But is was also a white elephant. The Park got started because it's a legal entity owned by the area's universities. The universities set up a foundation, and the state donated the land.
Companies lease space from the foundation.
They're able to retain young people as well as imports. What the Triangle doesn't have that Austin does have is a wide network of mentors and people discussing the changing world of work. In Austin, the Know How Network emerged. A group of more than 100 professionals working in IP law, commercial banking, and other industries, the network offers pro bono services to young companies. Because the Triangle didn't have the economic crisis Austin and much of Texas faced, there hasn't been such a radical outreach to fledgling companies.