China's tech savvy
Shanghai is the world’s biggest up-and-coming technology innovation hub, according to a survey of 800 global technology leaders, conducted by KPMG. What’s so special about the Pearl of the Orient? For one it has a number of high-tech parks over in Pudong, plus a growing base of innovative digital media and entertainment companies. There’s also that a pleasant lifestyle and favourable climate for attracting top talent.
Beijing place third in the ranking – together with Tokyo – while Shenzhen places 13th as hardware innovations play an increasingly important role in bolstering China’s high-tech manufacturing strengths.
Second-ranked New York City keeps on churning out digital media and e-commerce start-ups, while tech behemoths such as Google have set up operations in Manhattan. Washington DC isn’t just about government and is highly regarded as start-up capital with its large concentration of highly educated workers. Chicago and Boston also places in the top 10. But there’s no mention of Detroit.
A smart city initiative has made Tel Aviv the start-up city in the start-up nation of Israel.
“Tel Aviv’s start-up hubs and lifestyle combine to draw high-tech, life sciences, and design professionals to the city,” says KPMG’s The Changing Landscape of Disruptive Technologies report. “Israel’s growing support for start-ups from both local and international investors give it an edge as a creative and entrepreneurial capital.”