Global

Details

  • Industry: Technology, Media, Telecommunications
  • Type: Survey report
  • Date: 9/4/2012

Potential Challenge to Silicon Valley’s position as tech innovation leader 

Over 40 percent predict that the world’s technology innovation center could move from Silicon Valley to another country in the next four years. Nearly half of those who think the world’s technology hub will move from Silicon Valley to another country, single out China as having the highest potential to become the leading innovation center of the world.

Highlighting this startup Asia trend, India and Japan are ranked third and fourth, respectively with tech-mighty Israel coming in fifth.


Silicon Valley’s unique ecosystem is a solid foundation for companies - big and small - to continue to lead technology innovation. However, there is a tipping point for other technology hubs around the world to drive innovation leading to more collaboration across countries in the development of new technologies.



“The key take away from this survey isn’t that Silicon Valley is becoming less of a force, but that other areas of the world are becoming important technology innovation hubs”


- Gary Matuszak, Partner, Global and US Chair, KPMG’s Technology, Media and Telecommunications practice


 

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Local innovation; global growth

Local innovation; global growth
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