India’s IT capital figures among eight largest technology innovation clusters in a global rating by MIT Technology Review, a magazine on innovation brought out by the Massachusetts Institute of Technology, US.
The other seven innovation clusters are Silicon Valley, Boston, Israel, Beijing, and three government-supported ventures — Tech City in London, Paris-Saclay in France, and Skolkovo Innovation City, near Moscow.
Innovation clusters are places with dense webs of interconnected technology companies, customers, and suppliers. The magazine looks at four key factors that improve a cluster’s chance of flourishing — strong IP protection, liberal immigration laws, entrepreneurial culture, and good weather.
Silicon Valley is seen to be the benchmark, and its technology cluster is strong in all four respects. Bangalore’s strongest point is its weather, which helps foster a culture of optimism and openness.
The magazine notes Bangalore received $300 million in venture funding in 2012.
The other seven innovation clusters are Silicon Valley, Boston, Israel, Beijing, and three government-supported ventures — Tech City in London, Paris-Saclay in France, and Skolkovo Innovation City, near Moscow.
Innovation clusters are places with dense webs of interconnected technology companies, customers, and suppliers. The magazine looks at four key factors that improve a cluster’s chance of flourishing — strong IP protection, liberal immigration laws, entrepreneurial culture, and good weather.
Silicon Valley is seen to be the benchmark, and its technology cluster is strong in all four respects. Bangalore’s strongest point is its weather, which helps foster a culture of optimism and openness.
The magazine notes Bangalore received $300 million in venture funding in 2012.
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