gfiles magazine

February 12, 2016

START-UP: A great idea?

Within the US, and in Europe and Asia, several states and nations have tried to create another Silicon Valley. All of them failed, to varying degrees. Clearly, the obvious reasons cited for the technology-related success in America’s Bay Area—such as a huge pool of educated people, access to venture capital, and a high-risk entrepreneurial culture—aren’t enough. More important, Silicon Valley, as was stated by an article in Scientific American, “has no monopoly on any of those features”. Most important, government intervention, as was the case in China where Beijing spent billions of dollars, cannot create an energetic and organic symbiosis between industry and research.

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