Top 10 Emerging tech hubs
As the world embraces entrepreneurialism, cloud technology increasingly supports working, long-distance relationships and education continues to allow a wider demographic into the tech market, the global startup ecosystem has become increasingly dispersed.
Some areas have worked harder than others and are quickly cementing themselves as tech locations to watch, but whether it’s low rent, impressive infrastructure or successful governmental initiatives, every emerging tech hub on this list should definitely have everyone paying close attention.
From HSBC to Dana Holding Corp to Barclave, Pune, India, is home to the corporate tech centers of some of the top companies in the world.
Mercer’s Quality of Living Rankings 2015 saw Pune as an emerging tech hub for fintech and banks – especially as it’s location offers a logical move from Mumbai.
Successful startups such as Druva Software and IntouchApp have started life in Pune and with it’s new cloud, mobile and digital tech companies sector, even Bangalore, a well-known hub, is having to watch closely.
Forbes listed Eindhoven as the most inventive city in the world due to its “patent intensity”.
The emerging tech hub is known for its hardware design and high-tech innovation. In the future, biodegradable implants known as Bioneedles may replace the syringe, needle and vial vaccination – a reduction of HIV infection and hepatitis are among the benefits attributed to this cheap and safe technology.
Not only a holy city for over 1 billion people, Jerusalem is benefiting from Israel’s tech revolution and can offer its startups a blend of history and modernity which is hard to find elsewhere.
The city has become a flourishing center for biomed, cleantech, Internet/mobile startups, accelerators, investors and supporting service providers – inspiration comes from nearby Tel Aviv, recognized already as one of the major tech hubs in the world.
Santa Monica, USA
An emerging tech hub is forming in California outside of Silicon Valley.
Santa Monica, bordered by Los Angeles, attracts the all important young demographic with its beautiful location, weather and relaxed atmosphere which has led to a natural increase in young entrepreneurs and their teams.
Nicknamed Silicon Beach, the area is home to a more glamorous generation of startups within the entertainment sector. To aid growth, startup accelerators including Launchpad and StartEngine are both located in the area.
The WIPO cites Cyprus as a country showing great potential in intellectual property and technology output, despite the tough experience the country has experienced during the global economic downturn.
With its high per-capita income, favorable tax system, sophisticated infrastructure and low business set-up costs the possibilities are prime in Cyprus.
Bitcoin marketers Neo & Bee will open their first real-life branch in the emerging tech hub later this month too.
Buenos Aires, Argentina
Buenos Aires is becoming one of the leading hotspots for startups.
In 2013, 9,998 business were launched in the emerging tech hub, according to startup accelerator Startup Buenos Aires.
The organization provides resources to connect and support local startups. Often called the Paris of South America, the city is a hub for creative and ambitious individuals and is an example of how far South America has developed in terms of market confidence and entrepreneurial atmosphere.
The city has a low cost of living and a high percentage of college students and graduates. As a bonus, the city is in the same time zone as many cities in the U.S., which can make management and processes easier for American founders.
As an emerging tech hub, Talinn, the capital of Estonia, is an exciting place to be a startup right now.
With heavy government backing, young founders are trying to follow in the footsteps of those that have gone before them.
Skype and more recently TransferWise, stand out as champions for Estonian tech and although neither of those businesses are now headquartered in Talinn, their success stands as inspiration for the next generation of entrepreneurs.
Whilst ensuring the best talent stays in the city remains a challenge, Talinn has all the ingredients to create companies capable of competing on the global stage.
Google, Facebook, Amazon, and Linkedin have all established their European headquarters in the Irish capital.
Lower taxes and living costs, in comparison to London are both factors in this trend.
But now more and more tech companies cite a pool of talent and the Irish Venture Capital Association’s investment tendencies as reasons for the city’s appeal: the city hosts the tech conferences Web Summit and F.ounders; accelerator facilities like Dog Patch Labs, launched by leading US venture capital firm Polaris Venture Partners.
Santiago is another South American city that’s on our radar as an emerging tech hub.
It has an affordable cost of living and a tech-savvy culture; during the country’s bicentennial in 2010, the government helped launch Startup-Chile, a program that offers foreigners $40,000 and a six-month stay, plus free office space and guidance. The only thing participants have to do in return is to agree to mentor their Chilean peers.
So far, the program seems to be a success. According to Foreign Affairs, as of June 2014, the program had attracted more than 12,000 applicants from 112 countries and admitted 810 from 65 countries. Further, 132 of the resulting companies have opted to stay in Chile and have already brought in around $26 million in capital.
Hong Kong, Hong Kong
The global tech focus on Asia has just started to shift towards Hong Kong.
Its relaxed business climate pairs with an incredibly fast internet speed and a lack of censorship and international trade are all contributing factors its growth.