If you’ve got your sights set on a new start-up business or tech venture, you’ll surely be on the search for a place to grow this new “baby”. Tech hubs are thriving centers of innovation, with slick IT resources and forward-thinking leadership prioritizing new businesses.
A tech hub attracts and keeps the best and newest thinkers in tech, with plenty of jobs and superior networking opportunities. New business funding is generous, living costs are reasonable in line with average salaries, and the internet is lightning-speed. What’s more, many people are now looking for a healthy work-life balance, in a setting that allows for relaxation and social growth as well as running the rat-race of new business.
Silicon Valley and London are the biggest and most well-known tech hubs, but they’re also saturated and very expensive. Luckily, there are some awesome emerging or freshly-emerged tech hubs around the world you should look into. Read on to learn about four of the best emerging tech hubs in the world.
1. Boulder, Colorado, USA
Boulder, Colorado has quickly risen in the ranks as one of the best tech hubs in the USA and the world. The beautiful mountain setting and affordable living (compared to other USA hubs) make Boulder an attractive place to enjoy life while nurturing young companies.
According to the 2019 Bloomberg Brain Index, Boulder ranked at number 1, with 8.1% STEM jobholders, and 19.5% of science and engineering degree holders. What’s more, Colorado is home to many great Universities and institutions specializing in STEM subjects.
It’s not just small start-ups that have settled down in the fresh air and rocky foothills of Colorado, but Silicon Valley giants, too (so get in now!).
2. Toronto, Canada
The sprawling city of Toronto is one of the newest and largest established tech hubs in the world. In 2017, the CBRE report showed Toronto at number 6 on the tech talent scorecard.
There is innovation in all fronts, especially the sleep industry where dozens of bed in a box companies are competing to keep up with the demand. A study from the Université Laval estimated that at least 40 per cent of Canadians suffer from a sleeping disorder.
Ontario offers great startup grants, and has job access to some of the biggest tech companies in the world (such as Microsoft, Google, and IBM). Plus, it doesn’t hurt that Toronto is a thriving, exciting city packed with food, culture, and access to other major hubs such as New York and Chicago via a quick flight.
3. Ho Chi Minh City, Vietnam
Ho Chi Minh City in Vietnam is a vibrant and affordable city thriving with entrepreneurs and start-up businesses laying down roots with minimal costs.
Ho Chi Minh City (Saigon) is home to high-tech “parks” such as the Da Nang Hi-Tech Park. The Vietnam government has put excellent perks in place here, such as corporate income tax cuts, affordable housing, and great loans.
The young population and great lifestyle (for a fraction of what you’d pay in the USA or European cities) make Ho Chi Minh a golden start-up destination.
4. Taipei, Taiwan
Taipei, Taiwan is an established tech hub and an incredible city to live in, with affordable accommodation, great food, and a beautiful setting. This well-connected city has one of the fastest internet speeds in the world and is well-known as a key center of tech manufacturing, testing, and innovation.
Startup businesses can quickly make valuable connections, with 10,000 information systems specialists and computer scientists graduating each year from Taiwan universities and institutions (as of late 2018).
Living in Taipei means low living and business rental overheads, a safe environment, plenty of well-connected expats, great transport, and a thriving nightlife and culinary culture for an ideal work-life balance.
Where will you start your new business venture? The chilled-out rockies of Colorado or the affordable and vibrant bustle of Taiwan?
James Weller is a writer at Sustainable Planet during his free time. His other hobbies when he doesn’t write are fishing, skiing, canoeing and playing badminton.
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