Move Over Silicon Valley: Emerging Startup Hubs Demand Tech Savvy Practitioners

  PM Network  

Silicon Valley has been synonymous with technological innovation for decades. The northern California, USA enclave has nurtured a project culture that makes it relatively easy for startup companies to succeed: Team leaders can find top-flight talent, and budding entrepreneurs can seek guidance from seasoned executives about growth strategies and project hurdles.

But Silicon Valley is now just one of many tech project hot spots, as cities around the world try to capture a little of California's energy. The world's top 10 “startup ecosystems,” according to research firm Compass and its 2015 Global Startup Ecosystem Ranking, now include Tel Aviv, Israel; London, England and Singapore.

In these urban incubators, local leaders are looking to support red-hot tech companies—and eventually benefit from the economic boost they can bring. In India, for example, government-sponsored IT organization NASSCOM is funding a program aimed at increasing the number of Indian startups from 1,000 to 10,000 over 10 years, propelled by initiatives such as Startup Warehouse, an incubator in Bengaluru.

“We aspire to build an Indianized version of Silicon Valley,” says Rajat Tandon, vice president, NASSCOM, Delhi, India. He believes India can succeed because it has “the right mix for a successful ecosystem—a high level of tech talent, a big …

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