For the past several decades, Silicon Valley has undisputedly been the epicenter of technology innovation. An area of about 50 square miles is responsible for generating some of the world’s most prominent companies, including Google and Apple. But the rest of the world is catching up; the share of global venture capital funding going to US companies is declining as new tech hubs are emerging. Companies like Beijing’s Didi Chuxing, Jakarta’s Gojek, and India’s Paytm are prominent examples. Cities outside the US are attracting more funding, generating more unicorns, and creating thriving startup ecosystems.
Image: DESIGN: QUARTZ/BÁRBARA ABBÊS. PHOTO: UNSPLASH/ LING TANG AND KRZYSZTOF KOTKOWICZ - https://qz.com
