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Asia’s booming technology hubs

The San Francisco Bay area has set the global benchmark as a successful tech innovation and start-up epicenter. Drawing inspiration from this, the Asia-Pacific region wants to foster its own tech hubs. Will it succeed? Spire Research and Consulting shared its insights, published on the US Consumer Electronics Association’s blog.

The formula for success for San Francisco’s Bay area, more commonly known as ‘Silicon Valley’, includes strong backing from a pro-business government, a pool of highly talented and educated workers as well as ample access to venture capitalists – all in the context of a risk-taking culture.

Other Asian countries are working towards developing a similar culture and business eco-system in order to clone this technology hub. Some of the up and coming innovation centers across the Asia Pacific region are Cyberport in Hong Kong, Daedeok Innopolis in Daejeon, Korea, Fusionopolis in Singapore, Macquarie Park in Sydney, Australia and Yokosuka Research Park in Yokosuka City, Japan, to name a few.

Asian innovation centers are taking the first steps towards closing the gap with Silicon Valley – but that gap will not disappear any time soon.

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