The conclusions were delivered in the inaugural publication of Chaminade University's Hogan Entrepreneurial Index. The report was put together by consulting firm 3Point for the school's Hogan Entrepreneurial Program.

A panel of more than thirty experts, including prominent venture capitalists, service providers, and entrepreneurs contributed to the Index. The panelists cited subtle improvements in the private equity market, increased public interest in entrepreneurship, higher-profile start-up companies, and better media coverage.

A local economy slowly shifting from visitor and real estate industries was also seen as a positive force in start-ups and growing businesses. But most agreed that the current business climate presents complex and sometimes difficult hurdles for start-ups to overcome.