There are other fish in the pond too who keep this saturated industry floating by providing employment opportunities to many. After all not everyone can make it to the high road to California.
In a recent survey by Tech & Science, the moniker of an exclusive Silicon Valley has been broken sufficiently. They compiled a list of the world's top 4 inspiring "techonomies" that was published by the Forbes.com.
What with the start up culture picking up momentum, there is no shortage of companies that can act as economy boosters.
Lets take a look at the who's who of the Silicon Valley look alikes from around the globe:
1. Hong Kong
A less than anticipated name on the top of the list. Surprising, right? But that'exactly what works for Hong Kong- its unrealized potential. With a history of being a colony of the Western Powers well until 1997, Hong Kong represents the perfect melting pot of business minded community. Their outlook is simple- innovative entrepreneurs and a native population with international influences as well as wealthy investor community.
Commenting on the most happening startups that are running to successful crowdfunding campaigns include CoCoon, AcceleratorHK, The Hive Hong Kong, The Hong Kong Science and Technology Park Incubation Program and Startups HK.
Note a detail. There is an innate love for tagging themselves as "HK" companies.
2. Washington D.C
Commenting on the most happening startups that are running to successful crowdfunding campaigns include CoCoon, AcceleratorHK, The Hive Hong Kong, The Hong Kong Science and Technology Park Incubation Program and Startups HK.
Note a detail. There is an innate love for tagging themselves as "HK" companies.
2. Washington D.C
Not only does politics rule the roost here, but power-lobbyists are technological aficionados as well. The capital draws scores of engineers and innovative minds all the year round. Being the political seat of power, venture capitalists can invest here more securely as per a report.
Some of the well known D.C startups include the LivingSocial, WeddingWire and Newsit besides others.
3. Tel Aviv
Some of the well known D.C startups include the LivingSocial, WeddingWire and Newsit besides others.
3. Tel Aviv
Situated in the heart of Middle-Eastern political turmoil, most of us would have least imagined Tel Aviv to be a secure tech capital. However, it is Israel's Silicon Wadi (Valley) to say the least. With Google setting up its foothold in the city, it has certainly lead to a confidence building environment, attracting investors and developers cross-nationally to boost the ailing economy in the region.
The start up champs in this emerging techonomy includes a personal video streaming and gaming companies- Vodio and JamRT besides a freeware media player firm- Boxee.
4.London
The start up champs in this emerging techonomy includes a personal video streaming and gaming companies- Vodio and JamRT besides a freeware media player firm- Boxee.
4.London
It is surprising how low on the scale London has fallen to in this decade.If one looks back to the turn of the century, London was the "workshop" of the world. The lateral transfer of manpower across the Ocean, has taken away much of the earlier sheen but all's not lost.
The survey quotes that " The government funded Tech City Investment Organization offers strategy, support and international connections to London and UK tech entrepreneurs, while the Technology Strategy Board hands out public money to worthy startups."
While mainland Europe, excluding certain economies, is not too safe a haven to invest. But the pro's know how to turn on the tables. A little pumping-in of money and technical development will restore things certainly. In the meanwhile, it is the "island capital" that assures investors and startups to bide their time.
You can share with us your thoughts and suggestions about the techonomies globally by leaving a comment for us.
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