A looming foreign talent crunch has been pinpointed as a top factor that threatens to rob the Silicon Valley of its title as the world's innovation centre.
'There are clear warning signs suggesting Silicon Valley has entered a new phase of uncertainty and that our competitive standing is at risk,' says the 2010 Silicon Valley Index released on Thursday.
Although alarms are raised periodically about the Silicon Valley's vitality, this is the gloomiest outlook ever painted by Silicon Valley Community Foundation and the Joint Venture: Silicon Valley Network which produce the yearly index and have been compiling and analysing a variety of economic and social data relating to the Valley since 1995.
Apart from voicing doubts about the area's continued ability to draw upon some of the world's best brains, the report has highlighted other trends that are furrowing brows - the declining levels of venture capital, inattention from the federal government and California's political dysfunction.
To read the full, original article click on this link: Silicon Valley losing allure for top brains
Author: Bhagyashree Garekar
