Many governments are into investing in country Silicon Valleys. Apart from infrastructure, there are secret recipe that is not easily achievable without vision & execution. Implications of success or failure can have paramount impact in wealth shift.
2. Silicon Valley Recipe
Build a big, beautiful, fully equipped
technology park
Mix in R&D labs and university centers
Provide incentives to attract scientists,
firms and users
Interconnect the industry through
consortia and specialized suppliers
Protect intellectual property and tech
transfer, and
Establish a favorable business
environment and regulations
3. Future Markets
Centralizing wealth at Silicon Valley
Silicon valley for Internet
High education, low mean income
talent exports to Silicon Valley
Distributed value by domain expertise
Beijing for Genomics
Germany, Japan for Robotics
Cities as innovation hubs
Big Data Analytics as Enabler
Silicon valley has created enormous value for United states and is the symbol of internet innovation
Copying it may end up further pushing wealth away from local countries back to the silicon valley
But there is a way to harness to breed a distributed success
4. Example of Value Shift
Uber Transaction in Taiwan .. ..while value lands at Silicon Valley or registered
country
Tax implication can infuriate local government
The wealth centralization effect is huge