What does this mean for emerging tech hubs? First, there will be more of them, more distributed and with more funding. Just in Q4 2020, VC investment in Latin America saw a 93% growth over Q4 2019, according to Pitchbook. Investors are already perking up to the enormous value of emerging markets, from Asia to Latin America, especially as the strength of the U.S. Emerging markets house the greatest world populations - China, India, Brazil, Mexico, Nigeria… - and language and connectivity barriers are slowly melting away, with mobile internet use surging. Which means that when money dries up across the board, they are under even more pressure to come up with the most innovative solutions just to survive.Įmpowering these local entrepreneurs is the fact that today’s problems need local solutions - from health to logistics, these verticals all require inherent knowledge of domestic infrastructure and services. Startups in emerging markets have always received a mere fraction of the funding available to U.S. You can build global companies from emerging hubs It allows entrepreneurs to choose the most convenient place to build a company - and save huge amounts of overhead - while also sharing more expertise.Ĩ Miami-area investors assess America’s southernmost tech ecosystemĢ. It gives investors greater access to more distant business opportunities. is borderless and connected: an inclusive network. So, when big businesses or VC firms leave/explore outside Silicon Valley, or the United States entirely, they’re not building more of the same, they’re showing us that Silicon Valley is no longer the only M.O.
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Similarly, microbusinesses will increase (we’re already seeing a surge in new businesses being created around the world), and less of them will have zip codes. Tech knowledge and power is growing in Europe and Asia, flourishing in cities like Shanghai and Berlin.
The Bloomberg Innovation Index bumped the United States down from top spot in 2013, to No. Not only that, but 70% of professionals believe that technology power is dispersing away from Silicon Valley. Two-thirds of the world’s top startup ecosystems are outside of North America.
Global tech is no longer concentrated - it’s fragmented across the world
Here’s why Miami is spearheading this new global grid of startup ecosystems. That’s why Miami is in focus right now, but it’s only the first of many cities that will soon be a part of this global trend. Where will those entrepreneurs want to have a presence? At the heart of global investor and entrepreneur networks, in true melting pots, and at crossroads between mature and emerging markets.