Even after the Brexit, Britain’s capital city remains a top destination for tech entrepreneurs in Europe, according to a recent CBRE report. Overall, 7.2 billion pounds ($8.8 billion) was invested in high-growth U.K. startups in 2016.
Best known as the ancient city holy to billions of people around the world, Jerusalem has experienced a reawakening and offers an extraordinary blend of history and modernity not found elsewhere on the globe. The city has become a flourishing center for biomed, cleantech, Internet/mobile startups, accelerators, investors and supporting service providers. There is even a group called Made in Jerusalem, which connects and provides resources for the local startup ecosystem. Moreover, Hebrew University, a top research university, and other colleges, are located in Jerusalem, ensuring a steady pipeline of local talent.
The city recently emerged as a center for technology and innovation. The location is ideal for expanding to London and other parts of Europe as a business grows. And that’s exactly what Spotify, the music streaming service, did. At the same time, Stockholm is also home to multiple colleges and universities, including the Royal Institute of Technology, one of Scandinavia’s largest higher learning institutions devoted to tech. With a steady stream of college graduates in the area, budding tech companies can find skilled talent.
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4. Santa Monica
A new California tech hub is growing outside the Silicon Valley. Santa Monica, bordered by Los Angeles, attracts droves of young people with its beautiful beaches, sunny weather and hip vibe. With an influx of young adults, the city has become a real center for tech. Nicknamed Silicon Beach, the area is home to a more glamorous generation of startups that are often connected to entertainment and celebrities. To aid growth, startup accelerators including Launchpad and StartEngine are located in the area.
According to inc.com, the world’s largest tech incubator, Station F, was set to open here in April. The French capital is second only to London for tech startups, according to CBRE, and is home to unicorns like BlaBlaCar, a ride-sharing service.
“The startup was valued at $1.5 billion (£1.16 billion) after a 2015 funding round, making it a rare European unicorn. And there’s been an important knock-on effect — the two founders are now angel investors. The amounts they invest are small (“I am not a rich man,” Mazzella told Business Insider), but the pair are examples of something that’s still rare in France — young, successful, tech-savvy investors. Examples of their investments include French parking space app Zenpark, and kids’ clothing startup Patatam,” writes Business Insider.
Also considered to be one of the trendiest cities in Europe, it’s also home to popular startups including Delivery Hero and SoundCloud. Clue, a Berlin-based period tracking app, recently raised $20 million. From tech giants like Google and Facebook to local success stories like music streaming service SoundCloud and to-do list app Wunderlist, Berlin is spawning a diverse range of technology firms that employ thousands of people across the city.
India’s “garden city” has around 4,900 active startups, with nearly $2.3 billion in investments, according to Compass. Dev Khare, managing director of Lightspeed India Partners Advisors, says half of startup activity in India happens in Bangalore.
The industry now adds more than 200,000 jobs a year providing employment to nearly 10 million people. The sector accounts for almost $85bn (£55bn; 65bn euro) worth of exports every year. Today nearly 40% of the country’s IT industry is concentrated in Bangalore. “Moreover, Bangalore is home to the country’s IT hub with some of he best international and domestic technology companies.With more than 500 companies offering back-office and outsourcing services, the industry here generates more than $17bn revenue a year. But it no longer wants to be known as just an outsourcing hub, companies here are moving up the value chain to become global powerhouses. (….) The talent spill-over from the city’s IT industry is now making Bangalore a hub for entrepreneurial growth with many networking groups who regularly meet at coffee shops offering peer support and ideas,” wrote BBC.