Silicon Valley is not the centre of the earth, but it is at the core of the Tech universe when it comes to scaling technology being used by those who have access to a mobile or a computer.
The number of mobile phone users in the world is expected to pass the five billion mark by 2019. So how will this evolve and who where will the new technology be created? How can people use their location if they're not in one of the international hubs to make their own lives better by making money?
Tel Aviv, Moscow, Stockholm, Bangalore, Singapore, Boston, Berlin, Paris and London are already touted as global startup cities, each with their own challenges for the entrepreneur and the investor. I would argue that the the future is getting more and more hazy for these global startup hubs. As billionaire businessman turned U.S. president-elect Donald Trump prepares to take office, and France, Germany, and the Netherlands hold elections, we should look to other cities and see how the hubs can work together to support each other.
The disruption has happened and an offshoot of that is causing confusion to those people who would normally flock to one of the established tech hubs. They are now becoming more inward-looking and staying in their own cities of origin. However, achieving funding from investors is still a big challenge. So what are the alternatives? Where are the next frontiers in startup?
Is Latin America an untapped resource for those looking for place to start up shop - or are the key startup cities still the best incubators for growth?
Operating from Santiago’s fashionable Providencia neighbourhood, the government-funded Start-Up Chile is one of around 15 hubs – or ‘accelerators’, in Silicon Valley terminology – in the country. Since it was opened in 2010, more than 1,300 companies have passed through Start-Up Chile, receiving a total of almost $40 million (£32 million) in financing. Funding worth $30,000, which comes from the government-backed Corporación de Fomento de la Producción de Chile, is provided to each business to help them get off the ground while founders follow a rigorous syllabus of talks, seminars and networking opportunities.