2. Beijing, China
3. Warsaw, Poland
4. Moscow, Russia
5. Bangalore, India
6. Sydney, Australia
7. Tunis, Tunisia
8. London, England
9. Cairo, Egypt
10. Sofia, Bulgaria
Kuala Lumpur – Malaysia is much cheaper in terms of cost of living than Sinagpore. Malaysia is
also a good test market, larger than Singapore, and you have three nationalities present.
Beijing– China has a tax relief program for startups with annual tax deductions of up to
US$ 1,500 to business established by previously unemployed workers and recent college
graduates. China is focused on higher-end, higher margin advanced manufacturing.”Made in China” no longer means cheap and low-quality.
Warsaw – Poland is considered stronger than Czech Republic and Slovakia because of its bigger
internal market and stronger entrepreneurial history. It is also attracting some of the tech companies around the world and Warsaw is the main sponsor of Bitspiration, the biggest and most weternized conference for startups in Poland.
Moscow – Due to its Soviet heritage, the pool of quality engineers is high and so is the number
of hardware companies.
Bangalore– Bangaloreís startup scene is very focused on engineering and tech development, so founders in the city struggle to find good business development or design counterparts
Sydney – The ecosystem in Sydney is growing & maturing quickly. Government does not really allow for special tax incentives for entrepreneurs.
Tunis – The Arab spring was a turning point for the entrepreneurial mindset of the population: the focus shifted towards civic entrepreneurship.
London -In the first quarter of 2015, investors pumped a record-breaking £459m of venture capitalist funds into London’s digital sector, a rise of 66% on the same quarter last year.
Cairo – The mass of young, educated and enlightened graduates in Egypt are now turning out an array of startups. Cairo is also home to some of the best engineering talent in MENA, and that has to do with the quality of universities they have there.
Sofia – actually has one of the lowest income tax rates (10%) and has one of the fastest internet speeds in the world. Sofia has also become a strong regional hub (attracting top entrepreneurs) as they’ve been able to access the EU investment funds.
