This week, I wrote three totally different tales that touched on alternative ways to measure tech progress exterior of Silicon Valley: how you can speak about startup hubs with out referring to them as “the following Silicon Valley,” neglected cities changing into tech facilities, and Heartland tech startups to look at.

As I discussed, the most important problem in monitoring the progress of startups exterior of the coasts is that a lot enterprise capital cash (round 40 p.c of all U.S. enterprise capital) is invested into Silicon Valley annually. That makes it troublesome for different cities — which can be seeing a 100 p.c enhance or better within the cash their startups increase year-over-year — to make a dent in Silicon Valley’s share of funding.


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So, what are another ways in which cities can monitor the progress that’s being made of their tech neighborhood? Plenty of nationwide financial growth organizations have some concepts.

The Kauffman Foundation launched a Growth Entrepreneurship Index in 2015, which takes under consideration the density of startups in a metropolis or state, how rapidly these ventures are rising, and what number of of these companies last more than 5 years. The Milken Institute publishes an annual listing of “best-performing cities” that makes use of job creation, wage beneficial properties, and know-how growth as measurements of how rapidly a metropolitan space is rising.

How do you suppose cities ought to monitor their tech financial system’s progress? As at all times, please ship information ideas or suggestions to me by way of e-mail. You can subscribe to Heartland Tech Weekly right here to get this text in your inbox each week.

Thanks for studying,

Anna Hensel
Heartland Tech Reporter

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This article sources data from VentureBeat