For a long time, Silicon Valley has reigned as a leading tech hub, with major cities like New York and London not far behind. But what about the rest of the world? As technology expands, many cities are developing growing tech sectors. Many international cities are ready to take the title of The Next Silicon Valley for their country.
These international tech hubs attract young workers, revitalize neighborhoods, and are leading the way in innovation. From Latin America to Tel Aviv, these global locations are all worthy of the Silicon Valley title.
The exact location of the Latin American Silicon Valley remains to be seen – but it won’t be long before it’s revealed. Technology is quickly becoming one of the many booming Latin American industries.
Economic growth in Chile, Brazil, and Argentina has led to an increase in technology focus. It is an area of interest to the vast youth population who find advancement opportunities are just a YouTube lesson away. All eyes should be on the growing tech industry in Latin America. In fact, one of the fastest-growing software development companies in California, according to Inc., has Latin American roots.
Tel Aviv, Israel
Across the ocean from Latin America is a boom of startups and tech revolutionaries in Tel Aviv. This city is leading the race of cyber technology, artificial intelligence, and high-tech agriculture skills.
Multinational corporations like Facebook, Google, and Oracle all have research centers near this city. This provides ample employment opportunities for the tech-centered population. In true Silicon Valley fashion, this has led to a boom in real estate cost, just like in the Bay Area.
Unlike Tel Aviv and the Bay Area, Berlin is viewed as a great tech center because of the affordable property market. This, combined with a wide talent availability, has led to companies like Facebook and Apple setting up offices here. Even Google has a “campus” here to help support the booming startup scene.
Startups from other European tech centers, like those based in London, have relocated to the city, further aiding the tech boom.
This Chinese city is home to more than 14,000 high-tech businesses and provides a huge number of employment opportunities. The employment percentage is a huge reason why this is can be thought of as an international Silicon Valley. The boom in employment has led to a rise in wealth among the tech giants as well as innovation in the industry.
Lisbon first garnered attention as an international Valley five to ten years ago and is now a leading tech center in Europe. Portugal avidly supports entrepreneurs and startups, resulting in a growth of tech-centered businesses in Lisbon.
The city also revitalizes vacant space and transforms it into startup centers – like the former food factory turned startup campus. Lisbon is gaining international attention with Google announcing plans to open an innovation center.
India has always been home to multinational companies, and Bengaluru has attracted some true behemoths like Samsung and Microsoft. The city has a strong entrepreneurial and innovative spirit, which makes it ideal for tech growth.
Stockholm is the Silicon Valley of Scandinavia because many coders find a home here. More than 22,000 companies are housed here, and the global phenomenon Spotify was developed in this city.
The government aids the growth with a strong daycare system and investment in internet services. This makes it a supportive environment as the city aims to rival Silicon Valley.
Silicon Valley will always be synonymous with technology behemoths, growth, and innovation. As the city booms, so do international rivals across several continents. Which city will rise above the rest in terms of innovation?