High Tech Startup News
You’ve certainly heard of Silicon Valley as the number-one tech startup hub based around the San Fransisco Bay area. But what about Silicon Alley (New York), Silicon Beach (Los Angeles) or Silicon Mitten (Michigan)?
Forbes Magazine explains how hubs of innovation are springing up all over North America. Plenty of entrepreneurs are still making it big by banking on technology companies churning out software, web apps and other products with the potential to change how we live and do business (Think: Google, Facebook, Apple… It’s hard to believe now, but at one time, no one had ever heard of them.)
Though most start-ups today have little to do with silicon, there’s something powerful about the evolution of our lexicon to confer a greater meaning upon a simple chemical element. It’s not about chips anymore, it’s about communities of thinkers, dreamers, and doers who support one another to create the innovations of tomorrow. And that tomorrow can’t be confined to any valley.
Technology Hubs Across the USA and Canada
The USA is not the only place where startup hubs are developing. Canada has been called a startup paradise, hosting high-tech hubs around Toronto and Vancouver. What accounts for the country’s success? A report titled Entrepreneurs Speak out: A Call to Action for G20 Governments gives some indications, including a high level of tailored support to create an environment that gives entrepreneurs a higher chance of success.
The report affirms that Canada offers young entrepreneurs low business startup costs, funding from public aid, a well-regulated banking sector, a highly educated workforce and a variety of coaching programs that go a long way in promoting entrepreneurship. Results from the research suggest that enhancing communication around entrepreneurial success stories, promoting career opportunities offered by entrepreneurship, and highlighting the role of entrepreneurs in creating new jobs are essential components to developing a strong entrepreneurial culture.
Successful entrepreneurship doesn’t “just happen”. There are many reasons why business startups tend to flourish and thrive in certain cities in the USA and Canada while new businesses are thin on the ground elsewhere. We do see a correlation between highly livable cities and a growing creative class that can seed a startup hub. Some cities like New York City or Toronto are natural magnets for these types of people. But by focusing on livability and a business-friendly environment, communities can take steps to become these kinds of hubs that attract both entrepreneurs and investors
BONUS: For entrepreneurs seeking tech startup riches wherever they may be, I highly recommend this Silicon Valley Entrepreneur series of videos featuring interviews with angel investors and entrepreneurs who have found success. The videos themselves are representative of the Silicon Valley style – they look like they might have been recorded in someone’s garage, but the insight offered far outpaces the production value:
Silicon Valley Entrepreneur Videos