They thrive as part of a community which provides mentors and enjoys national prestige. They recognize the importance of entrepreneurially-focused resources to their success. Many entrepreneurs relocated to the area because of the availability of resources. Research Triangle entrepreneurs identify the availability and retention of qualified personnel as the most important factor in building a successful high-growth company. Technology workers and experienced management members are needed.
Respondents believe that the region ranks above average in providing qualified personnel.
Although access to venture capital is ranked as second in importance to entrepreneurs, respondents felt that access needs to be stronger. Out of the 20 factors researched, entrepreneurs ranked actual access to venture capital nineteenth on the list of the Triangle's strengths. However, even at nineteenth, it was still rated above average. Research Triangle entrepreneurs like living and growing their businesses in the region. Many relocated to start their businesses, citing the combination of quality of life, presence of universities, qualified labor pool, cost of living, presence of research and development and availability of many resources as their reason.