8 cities for tech start ups
You’ve got aspirations and ambitions to achieve and you’re looking to set up a technology start up. There are many factors to consider when looking for a location to make a home for your business – areas that have other start up companies are a big draw, as well as locations with good transport links or connections to associated industry.
Here are eight of the best locations for an ambitious technology start up:
In the top position is Singapore. It is anticipated that by 2020, the Island will have a total of 188,000 millionaires. It is rapidly becoming a world leader in Big Data; its government-installed city-wide sensors collate information on traffic movements and crowd behaviours, plus a host of other areas. The key sectors include finance, e-commerce, logistics and real estate.
Berlin has been establishing itself as a tech hub over the last few years. With a number of start-ups including SoundCloud, Rocket Internet and Clue (period tracking app). Research carried out by Gruenden, an advisory agency for new businesses in Germany, suggests a new company is founded every 20 minutes in Berlin.
With long-established presence from the likes of IBM, Dell and AMD no ‘tech city’ list would be complete without including Austin, Texas. A combination of low taxes, reasonable real estate costs and a strong culture of entrepreneurialism, means that Austin is attractive to tech start-ups
SAN FRANCISCO, USA
As the number one destination for any tech professional, San Francisco is home to a number of high-profile tech companies including Twitter, Airbnb and Uber. Due to its business ecosystem, San Francisco is a start-up magnet.
Birthplace of TransferWise and Funding Circle, London is a solidifying its identity as a ‘tech city’. As a global banking centre, the city lends itself to the reputation of a FinTech Start-up hub. A combination of proximity to Europe’s busiest airport, excellent universities nearby and the growth of East London’s Silicon roundabout has all helped keep London as a top player within the tech start up space.
TEL AVIV, ISRAEL
Tel Aviv draws upon a pool of home-grown talent within both the military and banking sectors. As a result, its reputation as both a cybersecurity and data analytics hub has been cemented. Companies such as Fiverr, Dapulse and JFrog are all based in Tel Aviv, as well as many more.
SEOUL, SOUTH KOREA
As the most R&D intensive country in the world, South Korea yields more patents per capita than any other country. There are a number of organisations based in the area including Google and Samsung its also home to start ups such as Zikto, 8percent and Korbit as well as VC funding organisations. A lot of money has been pushed into supporting start-ups. The K-Startup Grand Challenge in particular is said to have drawn start-ups from around the world to the region.
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