Though no defined definition on the Internet, but in reference to the article “Silicon valley” and “Silicon roundabout”, A tech city is a place that has a home to many of the high-tech corporations, as well as thousands of tech startup companies. So what that means is that tech corporations, companies, tech-markets, all gather in a cluster or area to run their individual companies in an approved place by the government, boosting the economic GDP of the state and country and also providing employment for youth and tourist attraction for foreigners.
Examples of tech cities around the world
Silicon Valley
Silicon Valley is a leading hub for high-tech innovation and development, accounting for one-third of all of the venture capital. Related changes investment in the United States. Geographically, Silicon Valley is generally thought to encompass all of the Santa Clara Valley, the Special pages southern half of the Peninsula, and southern portions of the East Bay.
Economy
According to a 2008 study by AeA in 2006, Silicon Valley was the third largest high-tech center (cybercity) in the United States, behind the New York metropolitan area and Washington metropolitan area, with 225,300 high-tech jobs. The Bay Area as a whole however, of which Silicon Valley is a part, would rank first with 387,000 high-tech jobs. Silicon Valley has the highest concentration of high-tech workers of any metropolitan area, with 285.9 out of every 1,000 private-sector workers. Silicon Valley has the highest average high-tech salary at $144,800. Largely a result of the high technology sector, the San Jose-Sunnyvale-Santa Clara, CA Metropolitan Statistical Area has the most millionaires and the most billionaires in the United States per capita. The region is the biggest high-tech manufacturing center in the United States. The unemployment rate of the region was 9.4% in January 2009, up from 7.8% in the previous month. Silicon Valley received 41% of all U.S. venture investment in 2011, and 46% in 2012. Manufacture of transistors is, or was, the core industry in Silicon Valley. Technical, engineering, design, and administrative staffs were in large part male and well compensated. Many more jobs are created in Silicon Valley then there are houses built. Housing prices are extremely high, far out of the range of production workers.
Silicon Roundabout
East London Tech City (also known as Tech City or Silicon Roundabout) is a technology Contents cluster located in Central and East London. It broadly occupies the part of London’s East Featured content End between Old Street (the boundary of Central and East London) and the Queen Elizabeth Current events Olympic Park in Stratford, with its locus in the Shoreditch area. It is the third-largest technology startup cluster in the world after San Francisco and New York City. Development of the cluster has been encouraged by both local and national government, with the goal of creating a cluster comparable to Silicon Valley in the United States. [1][5] Cisco, Facebook, Help Google, Intel and McKinsey & Company are among the companies that have invested in the City University London, London Metropolitan University, Imperial College London,Community portal Loughborough University and University College London are academic partners in projects based Recent changes in the cluster.
Economy
In 2008, it is erroneously claimed, there were around 15 media and high-tech companies in close proximity of the Silicon Roundabout, which forms the heart of Tech City. Plans to help accelerate the growth of the cluster were announced by Prime Minister David Cameron in a speech given in east London on 4 November 2010. A year later, Cameron announced that he was appointing entrepreneur Eric van der Kleij to lead the initiative. In 2010 there were 85 startup companies in the area. By 2011, approximately 200 firms were occupying the area, signifying a rapid increase in interest. Wired magazine updated this figure in 2012 and suggested some 5,000 tech companies were located in the wider area centered on the Old Street roundabout. Wired maintains a topic on the area. On 28 September 2011 it was announced that Google had acquired a seven-storey building near Old Street roundabout. Google said that the building, in Bonhill Street, would host “a range of activities, such as speaker series, hackathons, training workshops and product demonstrations” in addition to providing workspace for new companies. The building, known as Campus London, opened in March 2012.
Konza Tech city
Konza Techno City is a BPO project that is being marketed by the Kenyan government through Kenya ICT Board. It is dubbed “where African silicon savannah begins”. The park is set to host business process outsourcing (BPO) ventures, a science park, a convention centre, shopping malls, hotels, international schools, and health facility project was allowed by the Parliament Account Committee and endorsed by the Kenyan Government. The city will be located in Makueni County. It will be built in 5000 acres of land 64 km south of Nairobi.The project is estimated to cost Kshs 1.2 trillion (approx US$14.5b). The project is marketed as key driver of Kenya Vision 2030.
Economy
The initial feasibility and concept master plan was prepared jointly by Deloitte and Pell Frischmann, a UK based design consultancy and funded by the International Finance Corporation.[4] At that stage, the project brief was limited to a Technology Park of 700 acres with BPO/ IT businesses at its core. During the feasibility study, Pell Frischmann proposed a city – Konza Technopolis to make the technology park a more viable destination. The Kenyan government agreed and commissioned a new master plan for a city of 5000 acres that was completed by Pell Frischmann. World class infrastructure, sustainability and inclusive growth were the key drivers of this master-plan. The brand identity of Konza Technopolis as “the Silicon Savannah” and supporting promotional materials by Pell Frischmann and Urban Graphics, crystallised the Kenyan Government’s vision of creating a world class city, powered by a thriving IT sector and generating 100,000 jobs by 2030.
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Join us next week (Friday or Sunday | For another episode of IBOM-TC blog) as we discuss “WHY IS THE NEED FOR A TECH CITY IN AKWA-IBOM STATE.” please drop your comments, like,share,follow,tweet.
Udeme.Samuel (Jobinpal Enterprises Founder/CEO, Tech blogger, Idealist, Computer Scientist, Techpreneur.)
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