Several big cities around the world are trying to challenge California's Silicon Valley as a new global hub for technology. While Silicon Valley is the undisputed region in the world for innovation with giant tech companies include Apple, Intel, Google, Facebook, Twitter, eBay, and others. This week Startup Genome found several cities are now trying to be the next high technology growth region as well. While Silicon is still number one, top 10 challengers include New York City, London, Toronto, Tel Aviv, Los Angeles, Singapore, Sao Paulo, Bangalore, and Moscow.
World’s cities are trying to gaining more engineers, intellectual capital, and more new investments for startups. To attract smart people to move, cities offer incentives such as tax reduction, better education systems, and others.
Startup Genome provides wide-ranges insights on how to create ecosystems that could help to nurture successful tech startups companies. The data also shows each city has advantages and disadvantages. Startup Genome findings include certain cities will likely to have more female founders than male founders. Moreover, certain cities will have longer office hours than others. Click here to check out Startup Compass, a benchmarking tool that provides over 13,000 companies information.
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