The City of Austin's new Austin Multimedia Incubator shares space with ATI and follows its model. ATI also houses the Austin Software Council. The Capital Network, the largest and most successful seed capital network of its kind in the United States, is another IC 2 spinoff. The stories of Austin and the Telecom Corridor have common threads that show the sources of Texas' success. Skilled labor, central location, and low costs of living and doing business attract outside firms and encourage local entrepreneurs to stay.
Success breeds success, as firms are more likely to join well-established regions.
Local educational institutions recognize emerging clusters and develop programs to support firms' labor needs. And organizations such as the Chamber of Commerce and individuals with vision help identify successful industries and ways to facilitate their growth. Supporting Texas' Tech Clusters To support Texas tech cluster growth, local and state initiatives are emerging similar to those at work in Silicon Valley and California. Silicon Valley Network helps establish community goals, measures progress, and identifies solutions. Joint Venture's mission is to enable all people in Silicon Valley to succeed in the new economy.