1. Israel
Israel has several unique advantages over other offshoring countries. Its close ties with the American government and American companies means that it has a very large pool of investment capital. This also has a positive effect on the quality of its education, which ensures the constant outflow of tech talent for the startup and innovation industries. This relationship is further fostered by the Israeli government who have established large incubation centers in central universities to help encourage entrepreneurship from young talent. Furthermore, huge government spending and foreign aid, especially in defense, is partially filtering through to the tech sector as developments in the former can be used by the latter. These advantages have made it a regional base for several large technology MNCs. Over 250 top MNCs have R&D labs here, including 100 of the Fortune 500 companies. The presence of these established giants ensures the presence of valuable mentorship for entrepreneurs in tech.

2. Canada
The Startup Culture is well established in Canada. Startups are successively raising Series A, Series B and Series C funding. The availability of venture capital in Canada has changed dramatically over recent times. British Columbia, Quebec and Ontario are progressive provinces leading the charge in venture investments. There are various initiatives by government to nurture and support startups like Investing in Business Innovation (IBI) and SmartStart Seed Fund. The fast growing startup ecosystem of Canada already has 4 unicorns and over 3000 startups. Its competitive cost, ability to attract talent and proximity to the largest economy (US) gives it a significant advantage and is positioned well to challenge and step up to disrupt established leaders.

3. Singapore
Singapore being the leader of Asia’s financial markets has a vibrant finch ecosystem. It has been ranked highest in ease of doing business by World Bank. Multinational venture capital firms like Wavemaker partners, Sequoia Capital and East Ventures and GIC, Tamasek and multiple developmental funds and initiatives have made the ecosystem very attractive to entrepreneurs and investors

4. India
India has long been a leader in BPO and tech outsourcing, and has the right resources to take advantage of the digital disruption. This is helped by the large emphasis placed by the government on technological growth for business and rise in tele-density for citizens. The government is currently investing billions to convert its many metropolises into “smart cities”, which should have the dual effect of helping businesses establish themselves with supportive infrastructure, as well as increasing tech knowledge amongst the labor force.
The government is also seeking to help business directly with initiatives like Startup India, Digital India, and various tax incentives and tax-free zones. This has led to a concentration of India’s top tech talent in its major cities of Bangalore, Mumbai, and Delhi. All of the investment and focus on tech entrepreneurship is paying off: India has 9 startups who have achieved unicorn status, and over 5000 successful startups operating in over 10 “super-cities.”

5. Brazil
Although Chile is generally thought of as the leader in Latin America when it comes to innovation and entrepreneurship, the digital disruption favors Brazil and can allow it to become a serious contender for Chile’s coveted position. The basis of this strength in the technology sector is the large pool of tech talent and the entrepreneurial culture prevalent in Brazil. Over 25% of Brazil’s workforce is self-employed and small businesses account for 67% of private sector job-growth.
The other major factor in Brazil’s strength in the technology sector is investment by the government in supportive infrastructure. Brazil has historically relied heavily on volatile primary resource markets such as mining and coffee, as well as declining heavy industry such as steel. Now the government is engaged in solidifying Brazil as a leader in tech and is thus funding many accelerators and low-tax zones for new companies. Brazil is thus the hottest destination in Latin America right now for tech entrepreneurship and may be able to use its strength in this sector to topple Chile’s dominion over the field of Latin American innovation.

1. Tel Aviv
Access to talent, innovation flow from military intelligence and understanding of critical security threats has earned Tel Aviv a status of being a global cyber security hub. Tel Aviv is Asia’s most startup dense city. It houses more than 4000 tech startups and more than $6 Billion flows into the country through exits. It currently has over 70 active venture capital funds.

2. Sao Paulo
Sao Paulo is the home of the top educational institutes in Brazil. This combined with its position as a leader in culture and industry make it a natural home for top talent. Furthermore, the availability of this talent makes the city an attractive option for MNCs looking to set up regional bases. This is why Sao Paulo is the base to more major MNCs than any other Latin American city

3. Bangalore
Bangalore is the home of the tech industry in India and has several advantages that make it the biggest player in the IT industry in Asia. It is the base of several top MNCs, which attracts top talent to the city. The city has experienced a large economic boom because of its reputation in IPO, and hence has access to plentiful investment. Bangalore has mastery in all 3 fields in the trinity of technology capital: plenty of investors, a large pool of tech talent, and a large pool of clients (from the MNC base). This coupled with the fact that Bangalore is home to some of India’s top universities makes it the best place for young aspirants to enter tech and the best place for both established and newer companies to make a mark.

4. Mumbai
Mumbai has always been home to small and medium scale companies bootstrapping in the retail, manufacturing, finance, and hospitality sectors. Entrepreneurship is rooted in the culture. The abundance of venture capitalists, growth funds, educational institutions and incubators has propelled Mumbai’s growth in the startup ecosystem. There are over 900 startups operating in tech with 2 unicorns. Being the financial capital of the country, Mumbai is the headquarters of banks like SBI, HDFC, ICICI and regulatory bodies like RBI, SEBI and Bombay Stock Exchange. There is a mature talent pool here in the financial sector. Mumbai’s startup ecosystem depends more on experienced professionals in the financial sector rather than on pure tech talent. With an airport right in the center of the city, Mumbai’s connectivity to the rest of the world is also a big advantage for doing business here.

5. Seoul
Seoul does not have a history of fostering investment, and as recently as 10 years ago had only 1 tech accelerator and a handful of startups. However, both government officials and top industry players have realized the potential of the city to become a leader in provision of technological provision, and there has been a huge boom in both private and public investment in the sector recently. Seoul is the single best placed city in the developing world to take advantage of the digital disruption. The citizens of South Korea are very technologically adept and there is a large pool of talent for all types of companies.Best of all is the serious investment made in this industry by the city government. Seoul has made strides and set milestones; the city’s investment of over USD 3.7 Billion in fostering tech entrepreneurship in the last few years has inspired many and created a vibrant startup ecosystem. Seoul has over 1000 technology startups with two unicorns in a very short span and is on an accelerated runway to become one of top startup hubs globally.

6. Singapore
Singapore being the leader of Asia’s financial markets has a vibrant finch ecosystem. It has been ranked highest in ease of doing business by World Bank. Multinational venture capital firms like Wavemaker partners, Sequoia Capital and East Ventures and GIC, Tamasek and multiple developmental funds and initiatives have made the ecosystem very attractive to entrepreneurs and investors.

7. Vancouver
The closest Western city to Japan and Eastern China, as well the closest international city to Silicon Valley, it is no surprise that Vancouver is a hub for innovation and investment in tech. Vancouver has a lot of resource benefits that help it in “the race” to becoming a major business hub. For one, the city is renowned for its excellent education. With 3 of Canada’s top colleges, and 2 colleges in the top 25 colleges worldwide for tech. Vancouver has a more-than-reliable supply of highly trained tech graduates. Although the city has a smaller presence of larger corporate tech companies, there is a reason it is referred to as ‘Silicon Valley North.’ This is not only because of its proximity to Silicon Valley, but because it has the most thriving startup culture and infrastructure and quality of graduates matched by no other city in Canada.Vancouver city itself has 3 unicorns – an amazing accomplishment. The city is experiencing the housing market boom and a good inflow of foreign investments. This should spur venture investments in startups.

8. New Delhi
New Delhi, the national capital of India is one of the top three digital hubs of India along with Mumbai and Bangalore. The NCR (National Capital Region) that consists of Delhi, Noida and Gurgaon has a number of Multi-national and software based companies .It serves as an industrial and technological hub and is rated highly on education, research and healthcare services. The Digital India Mission which was unveiled by the Prime Minister Narendra Modi on 3rd July 2015 has led to an overhaul of operations and procedures for a vast variety of commercial sectors. According to sources from the IDC (International Data Corporation), New Delhi generates the maximum demand for smartphones in India. Highest social networking traffic comes from Mumbai and New Delhi .Home of unicorns such as Snap-deal, Zomato and 1000+ startups, New Delhi has consistently served as a strong example on India’s stride towards a digital economy. A lucky draw for Indians who make digital payments was announced by Prime Minister Narendra Modi at “Digi Dhan Mela” , a two-day camp in New Delhi which was held to create awareness on digital payments. Along with the policies and procedures adopted by the Government to encourage digital stardom, New Delhi’s digital prowess would assist cities in bringing major changes towards future growth and development.

9. Shanghai
Shanghai’s development as a digital hub has been nothing but impressive. Digital unicorns have accelerated many leading enterprises to adopt “the digital way of thinking” The Chinese government has encouraged the shift to digital through flexible policies and less stringent tax reforms. The adoption of digital has made key impacts on the Chinese economy’s productivity and efficiency. Besides creating economic momentum, open innovative ecosystems and diverse startups in healthcare, fintech, e-commerce etc. has changed the model of innovation through re-imagination of customer experiences.

10. Toronto
The financial capital of Canada is making inroads in innovation and is set to use its investment resources to bolster a fledgling tech ecosystem. With one major government incubator and 4 large private incubators, Toronto is making its mark with startups. Its location as a base for many international financial companies gives it an advantage in both connectivity and access to funds. To show Toronto’s commitment to fostering tech startups, the mayor has organized a working committee on innovation, comprising VCs, startup CEOs, tech executives, and mentors. This committee formulates policy and connects business leaders to government to ensure a very supportive ecosystem for business. Generous tax credits for new business and the expansiveness of the city make the cost of infrastructure and essential capital like buildings very low.