Silicon Valley, once a dream destination for tech startups, has lost its luster for many. More and more countries around the world are seeing remarkable growth in the startup index, while rental and price competition in the Valley continues to soar.
Thanks to the Internet-driven global community, easy-to-obtain work permits, and government support for creative entrepreneurs, the global technology landscape has become a standard of recognition. Beyond Silicon Valley, cities around the world are vying for a place as the world’s leading technology centre.
While Silicon Valley is the undisputed leader among tech entrepreneurs, startups, and visionaries, other regions and continents around the world have become worthy competitors. We have brought together seven startup hubs from around the world that have become more important.
The bustling city is home to 3,184 start-ups and is one of the world’s most connected economies. Calgary is a young, medium-sized Canadian city that was recently named the country’s top business start-up city. The city’s 8,000 technology companies contribute $34 billion to the industry and show no signs of slowing down.
This city never sleeps and is a boon to businesses in the tech world with many gaming engines driving those casino rewards platforms proving to be so popular across the Atlantic. The city of New York is a must for companies from all over the world, a must, a blessing that never sleeps.
New York is on the other side of the country from Silicon Valley, but New York’s Silicon Alley is one of the most dynamic technology centres in the world.
The San Francisco Bay Area is known for some of the most advanced technology companies in the world. Silicon Valley is located in the heart of the San Francisco metropolitan area and is considered the center of modern technological development. It has the headquarters of 39 companies in the Fortune 1000 and hosts thousands more digital start-ups.
The Bay Area was the first exciting and successful technology center in the world and has become a strong force in the startup world. Globally, a number of cities have become attractive to tech start-ups, with the sector becoming increasingly lucrative and attracting significant investment. China’s sprawling capital is poised to take Silicon Valley’s crown as the world’s first technology hub.
According to a PwC study, there are more than 4,000 technology-based start-ups in Singapore, a marked increase from 1,000 in 2014. As a result, Singapore ranks 17th in Startup Genome’s Global Start-up Ecosystem Report 2020. Last year, Singapore partnered with the BlueChilli catalyst, a healthcare-tech accelerator, to create the innovation space for medical-tech and healthcare start-ups.
Successful startups like Druva Software started out in Pune, but it is the new cloud, mobile, and digital tech companies in the sector that are known as hubs that need to be closely watched. Start-ups not only from the United States, China, and many other countries are investing in new offices in the city-state, taking advantage of low taxes and favourable business conditions (Singapore ranks first in the World Bank’s latest Ease of Doing Business Index) and well-connected airports that make accessibility virtually unproblematic.
Forbes has listed Eindhoven as the most innovative city in the world due to its patent intensity. The most innovative city in Europe with the highest number of patents.
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Hey, I’m Rory and I am the ultimate accidental geek.
Born in London I was never interested in technologies until I started a part-time job at Apple and now I can’t get enough. Join me as a help you navigate the world of tech with some of my fellow geeks.