India vs Silicon Valley

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Differences of start-up ecosystem in India and Silicon Valley By Yerrapragada Ravikiran, IITI. Silicon Valley is home to many of the world's largest technology corporations as well as thousands of small start-ups. It is the leading hub for high-tech innovation and development, accounting for one-third of all of the venture capital investment in the United States. It was in Silicon Valley that the silicon-based integrated circuit, the microprocessor, the microcomputer, among other key technologies, were developed. The region employs about a quarter of a million information technology workers. Bangalore has for long been known as India’s answer to Silicon Valley, and this is the city where most large software companies have set up their state-of-the-art facilities. The Government of Karnataka has also been extremely positive about the software and services marketplace, and has helped create the relevant telecom and policy infrastructure conducive to the growth of this sector. The high efficiency and reliability of the IT companies in Bangalore soon earned a name for themselves among giant IT companies in the world and Bangalore has emerged as an important IT hub. Start-up ecosystem Start-ups are the backbone to any growing economy and America’s Silicon Valley has the tailor-made environment to promote and foster them. The access to capital, presence of angel investors, mentors, availability of talented workforce and more importantly liberal rules and regulations to stimulate entrepreneurship are some of the remarkable asset an entrepreneur will have at his disposal here. Back home in India, although the 1991 economic reforms had greatly opened up the economy and provided a great degree of manoeuvrability and flexibility to the Indian entrepreneur, the environment was no way near to that of America’s. The bureaucratic system and red tape in India meant
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