Thursday, June 12, 2014

Creating a new Silicon Valley is more difficult than the original Silicon Valley

The original Silicon Valley started in the late 1950s. Since then, many countries tried to reproduce Silicon Valley success, but only Israel could sustain high-tech development over two consecutive innovation waves.

One of the major difficulties in creating a new Silicon Valley would be to talent retention. That is, it is easier than ever for a talented entrepreneur, engineer, or scientist to move to the greater Silicon Valley, which today includes San Francisco. A recent infographic from Bloomberg shows the impact immigrants make on high-tech innovation in the Bay Area (click to enlarge).

In 2010, Asian Americans became the majority of the high-tech workforce in the valley. One third of SV startups are founded by Indian Americans.

tags: silicon valley, innovation, demographics, tool, source

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