The 2013 South By Southwest Interactive event is likely to bring hundreds of smart, plucky startups to Austin, Tex. next month, but co-working space/accelerator program Capital Factory wants at least one to stick around.
Capital Factory is inviting startups to enter into its "relocate to Austin" competition for a shot at getting a relocation package worth up to $50,000.
"We aren't doing this because we think its hard to get people to move to Austin," Capital Factory Director Joshua Baer told VentureBeat, adding that its relatively easy to attract entrepreneurs to the area based on the number of startups that have popped up over the years.
