Bangalore - The Destination for Startups
Tech Hub is usually related to a place with a unique ecosystem where technology startups can grow quickly and thrive. International network of like-minded and focused tech entrepreneurs, providing places where they can work, meet, collaborate, network and learn. India, today, is the fastest growing startup ecosystem in the world, with 800 startups sprouting annually and new hubs maturing across the nation. Smart entrepreneurial people with creative skills tend to congregate in and around major urban innovation hubs. All of these creative cities are magnets for entrepreneurs and creative people from all over the world. These urban environments accelerate innovation by grouping smart people together so they can collaborate and learn from each other. One of the hubs which top the list in the number of startups is Bangalore. Known as the Silicon Valley of India, Bangalore is home to the highest number of IT industries in the country. In this rapid growing world of technology, Bangalore is also counted among the world’s best creative cities and startup hubs for entrepreneurs. The city has witnessed a 66 percent rise in startups in the last 12 months. Recent studies state, every year an approximate of 44 percent of software programmers, move to Bangalore, making the city a strong community of entrepreneurs and creative professionals. Today the city is among the top global destinations for technical talent.
India, a country of 1.2 billion people, has the world's largest pool of technical talent and is the top global technology services outsourcing destination. Apart from the demographic advantage, a couple of factors that might explain the trend of Bangalore attracting the highest number of technology talent are the facts that IT companies hire more fresh engineering graduates and the number of IT companies the city has. It is impressive that Bangalore is today, a magnet for technology talent because of its technological infrastructure. The caliber of the startups in Bangalore are also very high, the dramatic improvement in the number of startups since 2010 shows that. Experts predict that the city will have the highest number of technology workers, roughly around 2 million by 2020. The overall ecosystem is a magnet that attracts young technology talent to Bangalore. Hub of almost all web startups, the city has quality and experienced software professionals and people already experienced enough working in startups. Bangalore has been voted the best place for startup because of its great culture and lot of similar minded people.