WORLD’S TOP TECH CITIES
Where to Build
In Ireland, the closest Englishspeaking (EU) nation to the United States geographically, the road is rising up to meet tech companies, and the Grand Canal Dock area in Dublin has become known as the Silicon Docks. It’s already home to the European headquarters of giants Google, Facebook, Twitter, AirBnB, Apple BT Ireland, and IT consultants Accenture—and is attracting more companies by the day. Nearly $500M was invested in Ireland by technology firms in 2017.
Tech isn’t just for Silicon Alley, Silicon Beach, or Silicon Valley—in cities around the globe, excitement and innovation are buzzing, according to a Savills recent survery By Norah Lawlor
and talent moves from the US to Canada. Or it could be the coffee: According to the flat white index, a decent latte will set you back $2.50 in Toronto, well below the $3.42 tech city average.
A recent report suggests that in the past five years, Greater Toronto’s tech industry has grown by 50%, making the city the fourth-largest tech hub in North Population: 2.7M America, employing 240K peo- ‘18 VC: $2.8B ple. The exchange rate, combined Flying Time from LA: with Canada’s friendlier immi- 4 hours, 35 minutes gration policies, have been cred- Flying Time from NY: ited (or blamed) for company 1 hour, 11 minutes
Population: 500K ‘18 VC: $3.2B Flying Time from LA: 10 hours, 35 minutes Flying Time from NY: 6 hours, 52 minutes
Destinations - Tech Hub Tokyo, Japan
Maybe the world’s first high-tech city, Tokyo is home to one-fifth of the nation’s information technology companies. And there’s much more to come with preparations well underway for the 2019 Rugby World Cup and 2020 Olympic Games, and the recent creation of a 5G testing laboratory in a joint venture between Japan and India (through companies Rakuten and Tech Mahindra), which will help develop and set the standard for services delivered to one-sixth of the world’s population. Population: 9.3M ‘18 VC: $8.3B Flying Time from LA: 12 hours Flying Time from NY: 14 hours, 2 minutes
Q1 2019 | Innovation & Technology