The Top Cities For Startups
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Transcript of The Top Cities For Startups
The Top Cities For Startups
By Adam Kidan
Kuala Lumpur, Malaysia
• Much cheaper cost of living than in neighboring Singapore. !
• There’s a trend for startups to be incorporated in Singapore and then be based in Thailand or Malaysia.!
• There are three different nationalities present in Malaysia, making it a good place to test how a product will do in Chinese, Malay/Indonesian and Indian markets.
Beijing, China
• Even if Chinese culture doesn’t traditionally foster entrepreneurship, that’s changing rapidly.!
• China has been focusing on higher-end and more advanced manufacturing.!
• A tax relief program for startups established by previously unemployed workers or recent college graduates.
Warsaw, Poland
• A large internal market and strong history of entrepreneurship make Poland more attractive than many of its neighbors in Eastern Europe.!
• Top tech companies, including Google, have become attracted to Poland, Warsaw in particular.
Moscow, Russia• Russian culture places a great value in
entrepreneurship.!• There are a number of quality engineers
and hardware companies left over from the Soviet Union.!
• Unfortunately there’s been a brain drain from political tension and currency devaluation.
Bangalore, India
• Entrepreneurship is strong throughout India.!• There’s a huge market and plenty of engineers who graduate every year. !• Bangalore’s startup scene is traditionally focused on engineering and
tech development.!• There are at least 10 startup events happening every week in Bangalore
to foster a strong startup culture.
Sydney, Australia • Entrepreneurship
is well-respected, although most Australians still prefer the comfort of corporate employment.!
• Most startups still focus on the local market.!
• There are still no special tax incentives for entrepreneurs.
Tunis, Tunisia
• The Arab Spring has served as a turning point for the entrepreneurial spirit of Tunis.!
• Startups here use and create tech products to mobilize communities, which often means engaging them in political discussions and working for the collective good.!
• Policy makers have started to implement new strategies and programs to boost incubators, accelerators and education programs in an effort to support the local entrepreneurship market.
London, UK• A huge amount of venture
capital, combined with seed enterprise investment schemes (SEIS), the British Business Bank, R&D tax breaks and government startup loans, have created a strong startup culture.!
• Tech is now viewed as the lifeblood to power Britain’s economic recovery.
Cairo, Egypt
• There’s a mass of young and educated graduates in Egypt, thanks to the quality of local universities that churn out exceptional engineering talent.
Sofia, Bulgaria
• Home to one of the lowest income taxes (10%) and one of the fastest internet speeds in the world. !
• Has taken advantage of EU structural funds to create three separate funds: LAUNCHub, Eleven Startup Accelerator and Neveq.