Even though you wouldn’t know it from looking at the mainstream tech coverage, thriving startup communities exist outside Silicon Valley (you may now gasp).
At TechLi we often poke fun at (with love) other outlets’ Valley-centrism, but then again, we may have a slight bias being founded thousands of miles away from the Valley’s lights ourselves. Truth be told, we love the Silicon Valley. We love (and cover) their entrepreneurs, startups, and venture capitalists, but we also try to remind our readers that a world beyond the Valley exists.
Entrepreneurs, and investors in cities throughout the US and around the world are hustling make their city the next entrepreneur mecca. But lets face it, cultivating an environment that breeds entrepreneurs, a culture that fosters innovation isn’t easy, fast, or cheap. For a city to burgoen as a startup epicenter, it takes a convergence of capital, technological talent, innovative ideas and crazy people (entrepreneurs). Despite the obstacles, some cities have risen to the challenge and are primed to give the Valley a run for their money in the next few years.
Gist created this infographic to give a glimpse into the global startup world and to show where and how some cities are cultivating flourishing startup communities. Some interesting facts stand out:
- While only by a small margin, the survey revealed Indonesian citizens value innovation and creativity more than Americans – 85% vs 75%. The study also reports that 79% of Indonesians believe that people with good ideas put them into practice where as only 68% of Americans do.
- It makes an average of 9 days to start a business in Mexico which is the second lowest to the US’s 6.
- Germany ranked as the 10th highest in ‘Veture Capital & Private Equity Attractiveness’, but only 51% of Germans surveyed stated that they ‘highly valued’ small businesses owners and only 56% believe people with good ideas put them into practice, the lowest of the highlighted countries.
- Despite that 60% of Nigerians value innovation and 67% ‘highly value’ business owners and entrepreneurs, out of all the countries highlighted was the least attractive to venture capitalists, 64th in the world.