The world is changing and sometimes the change can be very fast and surprising...here 13 members of Forbes Technology Council share where the next best place to create a tech startup is based on available talent, financial perks and other benefits.
With the rapid spread of tech jobs out of Silicon Valley and beyond the tech sector to other industries, the northern Californian tech hub is no longer the mecca it once was when it comes to jobs in the field, according to a report by Glassdoor.
Silicon Valley has been and will always be the birthplace of many tech startups, but other cities and countries are coming into the mix with a fury, looking to offer new business startups the opportunity to grow and plant roots.
1 Shanghai
The most recent Global Startup Ecosystem Report (via Magnitt) done by Startup Genome has unveiled a fresh entrant to the global ecosystem ranking: Shanghai. The city joined the top 10 best startup ecosystems list at No. 8, absolutely makes sense considering the innovation and the massive inflow of capital currently experienced in the Asian markets overall. - Artur Kiulian, Colab LA
2 Toronto
The stretch between Toronto and Kitchener is home to the Google, Shopify and RIM offices along with thousands of startups. I see Toronto as the next tech hub because it provides startups with access to some of the world’s best and brightest innovators. The next wave of tech talent is located up north in Toronto and its surrounding areas. - Sanjay Malhotra, Clearbridge Mobile
3 Israel
Israel is a paradise of tech innovation and has been enjoying growing collaboration and funding from the East, in particular China, in recent years, making it a great hub for global businesses. Around 4,300 startups are currently operating in Israel, with more than two-thirds located within a 10-mile radius. That rate of development is second only to Silicon Valley. - Ofer Garnett, YouAPPi
4 Austin
Austin is already a hub for startups. But because it is not overflown with venture capital firms, startups in Austin have to learn to become financially sound and independent early on. This lack of easy funding has instilled in Austin entrepreneurs a work discipline that is based on impact and returns, which makes this city a great place to start a new business. - Juliette Rizkallah, SailPoint
5 Phoenix
The technology corridor is growing here in the desert with more university and young entrepreneur talent. Labor is cheaper, as is rent and the overall cost of living, which means your startup funds go farther. Also, big tech companies are setting up shop here, so investors are also moving in. Overall, it offers everything Silicon Valley has except it's not as crowded or expensive. - Chalmers Brown, Due