It’s not just young people that can’t afford the rent in New York. Biotech firms are also leaving the Big Apple in search of affordable accommodations outside the city.
Urban tech hubs have followed the trend of San Francisco: As success skyrockets, so too does the cost of living. In British Columbia, New York, California and beyond, startups are taking advantage of the connected digital age by finding new places to set up HQ.
‘China’s MIT’ ahead of Harvard and UCLA among the world’s top schools for surrounding tech ecosystem investment.
According to a report by the Silicon Valley Competitiveness and Innovation Project, for the first time since 2011, net domestic migration in Silicon Valley was negative.
New York is in the process of catching up to the hype. That doesn’t make for splashy headlines, and takes a long time, but the reality of the NYC tech ecosystem coming of age is actually happening right now.
While ranking first for female-friendly tech cultures, Toronto took sixth in the world overall for women in tech, according to the Dell Women Entrepreneur Cities Index.