Whether you are an aspiring entrepreneur
planning to launch your startup or a CEO strategizing to open new offices,
knowing about the tech hotspots of the country can be a game-changer.
Silicon Valley has emerged as the destination
choice for most software startups. Tech giants like Apple, Google, HP, Intel,
eBay have established their headquarters in Silicon Valley.
There are several reasons why Silicon Valley
has emerged as the number one destination for startups. It is a global center
for technological innovation. It is home to hundreds of software, technology,
and internet companies. It is one of the wealthiest regions in the world, and
the social aspects of the tech community are far-reaching in Silicon
Valley.
Apart from Silicon Valley, other U.S. cities
have also started to attract budding startups. Some of these cities
are Raleigh, Austin, Oregon, San Francisco, San Jose, Denver, etc. Among these
places, Philadelphia, Pennsylvania, is the fastest-growing U.S. city, set to
replace the Silicon Valley tech dominance.
Silicon Valley Vs. Pennsylvania
The city of Silicon Valley
The reason behind Silicon Valley’s popularity
lies in its already existing tech community. Markets and industries have
started to concentrate in that particular area because it is the home of the
major tech giants of the world.
In the startup culture, competitors always
tend to line up in close proximity. This gives software businesses an edge over
others. Consumers prefer a variety of choices, and it is easy to build
infrastructure that facilitates similar businesses.
In other words, Silicon Valley is a
destination of its own. Starting your tech business in such an ambiance
equipped with a talented resource pool, business infrastructure, and a
flourishing market gives a head-start compared to other destinations.
Carnegie Mellon, Silicon Valley is the
cradle for many aspirational students who have a penchant for IT. Many Carnegie
Mellon graduates go on to set up business at the heart of Silicon Valley in
California.
However, there are downsides as well. While
Silicon Valley does have its perks, it is saturated with old tech giants.
Therefore, there is hardly any space left for new businesses to grow.
Excessive saturated growth in one area has
resulted in other U.S. cities as dream startup destinations. Today, we will
look at Pennsylvania state, which is turning out to be one of the leading
software business locations.
The state of Pennsylvania
Immigrants from South Asian countries have
been flocking to Pennsylvania because it’s a sanctuary for software businesses.
Cities like Philadelphia and Pittsburgh are cheaper than the neighboring state
of New York, and employment opportunities are endless.
Philadelphia itself accounts for 40,000
immigrant entrepreneurs who run businesses ranging from tech companies
(Haystack Informatics) to food trucks (Delicias).
Earlier this year, the second citywide
Immigrant Business Week was kickstarted by Mayor Jim Keeney, who traveled
across the state to stump for Philly startups. In addition, the presence of the
Ivy League school at the University of Pennsylvania proves to be a great
motivator for competing startups.
In fact, according to PitchBook, the
University of Pennsylvania’s undergraduate program ranks fifth, and the
graduate program ranks third globally among the production of venture-backed
entrepreneurs.
Comcast-NBCUniversal is Philadelphia’s largest
tech private employer. It even has a new accelerator that includes a game
console startup from the son of Atari and Chuck E. Cheese’s founder Nolan
Bushnell.
The city also continues to produce successful
coffee companies that fuel the startup drive. These entrepreneurial avenues
include companies such as La Colombe, which has now opened in five states,
Saxby’s Coffee which is known to colonize college campuses laying along the
East Coast.
With legal sanctions and a budding community
of online gamers, PA online casino businesses and
betting sites are thriving and performing much better than other states. The
Keystone State is proving to be the cornerstone of the gambling industry, and
many tech startups are coming up with innovative ideas to fuel this sector and
attract more players.
Is Pennsylvania the next Silicon Valley?
Tech experts have hinted that it’s time for
the supremacy of Silicon Valley to end since Pennsylvania is on the rise. Even though California’s
Silicon Valley is home to bona fide software businesses, Pennsylvania is
spurring new technologies and presenting a stronger sense of community.
Here are 5 locations in Pennsylvania that are
on their way to make the state the next Silicon Valley.
- Erie
Erie is Pennsylvania’s fourth-largest city and
is quickly becoming an appealing destination for tech startups. The city has a
strong sense of community that has motivated the creation of an entrepreneurial
ecosystem. Erie has everything that a startup needs to succeed, including great
coffee, a resource pool of new talent, internet access, work culture, and so
on. Mercyhurst University is teaming up with several local businesses in
downtown Erie to attract students from across the globe.
2. Philadelphia
Being the largest city in the state,
Philadelphia has a slight edge over the others. The city boasts of prestigious
universities, aspiring entrepreneurs, innovators, talented employees, etc.,
with easy access to software infrastructure and a thriving market. Philly
Startup Leaders President Robert J. Moore has referred to the city as “a lean
startup’s paradise.”
3. Pittsburgh
Pittsburgh has emerged as one of the country’s
leading innovation hubs. There are three primary reasons behind this:
- Pittsburgh has a highly skilled workforce.
- There is an encouraging community that will help new
entrepreneurs succeed.
- Pittsburgh has a rich history of successful founders
and, thus, access to capital.
4. Harrisburg
The Harrisburg University of Science and
Technology is fueling a growing young talent pool. Millennials are increasingly
attracted to this city which is encouraging startups to launch here. In fact,
even tech giant Apple has set its sights on Harrisburg. Spaces like St@rtup
Harrisburg give students the direction and guidance they need to start a
business in PA.
5. Lancaster
Lancaster’s laid-back atmosphere and the
culturally diverse talent pool are moving towards sustainable growth. The city
has a thriving art, craft brew, and culinary scene that is proving to be
tempting for avant-garde entrepreneurs destined to change the world. Besides,
Lancaster’s new generation workforce is among the most hardworking in the city,
and they have a penchant for collaboration. This drive is what makes the city
an attractive destination for startups.