Lena Gaede

Why greater Tel Aviv is called the capital of Silicon Wadi – strengths, weaknesses and special features of the tech startup hub

It`s not a secret anymore, but still very much worth a reminder: the best tech startup hubs are not only found in the U.S. and Europe – there is another bright star shining in the Middle East. Israel is often referred to as the Silicon Wadi (wadi being Hebrew for valley). Why? Just imagine, only China and the U.S. have more firms listed on the NASDAQ than Israel, a comparably very small and young country. This standing is mostly due to the country’s main business city: Tel Aviv (and its 10km surroundings).

With about 2,500 startups in a city of only 435 thousand inhabitants, Tel Aviv has one of the highest startup densities in the world. Knowing this, it`s no surprise that Tel Aviv was ranked number 6 in the 2017 Global Startup Ecosystem Ranking by Startup Genome. Why so many startups are founded or come to Tel Aviv becomes clear by the description of Ami Gal, CEO & Co-founder of CODE_n Alumnus SQream:

“Tel Aviv is one of the most fun cities in the world to live and work in. Luckily for us, it comes with a fantastic eco-system for a global start-up like SQream. Many talented people, active and large funding, a startup community as well as presence of and access to strategic partnerships with international players from all over the world – Europe, US and all the way to the far east.”

Sounds heavenly, doesn’t it? Let’s take a closer look at what it means for entrepreneurs founding a startup in Tel Aviv: the strengths, weaknesses and special features of the tech startup hub Tel Aviv.

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Lena Gaede

Promising tech startup hubs worldwide: Belgium – a buzzing hub of entrepreneurship! Strengths and weaknesses of Belgium

Center of political power and great waffles: those are pretty much the first things that come to mind, when thinking of Belgium. Could be worse, right? But there’s more to Belgium than just that! In fact, Belgium ranks fifth in Europe for its number of fintech deals. Entrepreneurs benefit from the country’s contrasts and mixture of languages and cultures.

As Frederik de Witte, co-Founder of CODE_n Alumnus FleetMaster (formerly ivips), said,

“Belgium is a great country to build business critical software. The complexity of the country (tri-lingual, multiple government and legislations, …) and customer base (people expect state-of-the-art software that is tailored to their needs) results in the development of highly scalable, highly flexible solutions. As a result, we easily meet the requirements of multinational rental and lease companies that adopt FleetMaster today. This is quite unique and a direct result of our geographical origin.”

So, let’s have a deeper look at Belgium’s diversity. What exactly is it about the European capital that attracts young visionary minds? Let’s check out Belgium’s strengths, weaknesses and special powers as a promising tech startup hub!

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Lena Gaede

Sweden rocks the startup scene! These are the strengths and weaknesses of Stockholm, Europe’s tech startup capital

What are the first things that come into your mind when thinking of ‘Sweden’? Ikea, ABBA, Vikings or meatballs perhaps… How about some of the world’s most successful global tech startups?

Spotify, Klarna and Mojang: once small ambitious startups, now billion dollar companies that started life in Stockholm, Sweden. But how does Sweden, a country of only 9.8m people, roughly a sixth the size of the UK and in fact only half the population of greater London, become the pinnacle of European innovation?

Below we review what Sweden has on offer from a startup’s perspective and especially shed light on its capital Stockholm, strengths and weaknesses.

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Lena Gaede

Chicago is proving to be a leading global tech startup hub: The city vibes show that early stage startups are gravitating to the ‘Windy City’

The US continues to lead the field in attracting tech startups as we reviewed in our previous article  “Pros and cons of promising tech startup hubs worldwide: Europe vs. US”. Digging a little deeper, Illinois, specifically the Chicago land area, is growing rapidly and has a hugely dynamic and supportive business environment suited especially well to tech startups.

Chicago is more than a world-famous musical title! Business friendliness, coupled with the fast-paced lifestyle, strategic location, relatively low cost of doing business, and healthy economic growth make Chicago an ideal city to start a new business.

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Lena Gaede

Promising tech startup hubs worldwide: Singapore overtaking! Insights for strengths, weaknesses and special powers

So far, we’ve taken a look at startup scenes in both Europe and the US. It’s been interesting, that’s for sure, but let’s take it to a deeper level and take a dip into a completely different culture: SINGAPORE! With several startups in Singapore that have gotten multi-million-dollar funding, Singapore’s well on its way to becoming the South East Asian Silicon Valley! Thanks to serious startup fever going around, coupled with a nation’s state-of-the-art infrastructure and booming venture-capital industry, there’s greatness to expect from the city state. So, lets discover the strengths, weaknesses and special powers of Singapore as a tech startup hub!

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Lena Gaede

German Digital Hub Initiative: CODE_n and partners will accelerate Stuttgart Hub

Frankfurt, Hamburg, Berlin, Munich and now Stuttgart – to name just a few! The Federal Ministry of Economics Affairs and Energy recently announced the launch of twelve digital hubs in Germany as part of its Digital Hub Initiative. The aim of the program is to foster collaboration between companies and business entrepreneurs, thus allowing them to work side by side in close quarters, similar to Silicon Valley. The program will also help fuel collaboration between the German startup scene and industry hotspots. An alliance of regional players, GFT Technologies SE and CODE_n among them, formed a consortium that nominated and qualified Stuttgart as a leading digital hub in Germany. The focus: the industries of the future! The Initiative is a great opportunity to bundle the strengths of the lively local startup scenes, international world market leaders and the excellent science in Germany!

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Lena Gaede

Promising tech startup hubs worldwide: Stuttgart’s startup scene on the fast track! Gain insights into its strengths, weaknesses and special powers

What comes to your mind when hearing “Stuttgart”? Let’s say, other than CODE_n’s home base, do you think of it as a booming scene for startups? No? Well, you might as well reconsider this since Stuttgart is becoming more and more of an insider tip for starting businesses. Yes, you heard right. This German city is capable of so much more than Maultaschen and Spätzle! Today we discover the strengths, weaknesses and special powers of Stuttgart as a tech startup hub!

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Lena Gaede

Pros and cons of promising tech startup hubs worldwide: Europe vs. US – what’s the best choice to start a business?

Long gone are the days when entrepreneurs would start their business right in their hometown. Nowadays, the financial, social and digital advantages that each city can offer to startups have become a lot more important. Since founders often have the agony of choice when searching for a suitable place, we like to take a closer look at cities with promising startup hubs worldwide in a regular basis to determine their pros and cons.

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