As more people are adopting a mindset of wanting to make a mark on the world with their own innovative ideas, this new generation of entrepreneurs are looking for great talent and financial support.
Silicon Valley in San Francisco, California has been the most coveted place for startups because of the established culture ideal for startups to grow. People there are not only talented but hungry to create change in the world and willing to jump at a new idea, from investors to the workforce and the number keeps growing. Founders of successful startups are just within the vicinity if you need some friendly advice to gain success for your own. Unfortunately, Silicon Valley also comes with a hefty price tag. Rent is expensive enough to be available only to a select few and keep most aspiring innovators away.
The hunt has begun for Silicon Valley alternatives! Entrepreneur has cited “6 Global Alternative Cities to Silicon Valley to Start Your Company.” Cebu has been named as #4! In the article, Ravi Agarwal, founder of EngageSpark, a software that provides Voice IVR and SMS Text campaigns services, described Cebu as “the perfect place for social enterprise startups because it’s got a large talent pool of locals and ex-pats who are English speakers, it’s got good infrastructure and the Philippines has a high concentration of urban poverty (60 to 70 million out of 100 million people), which makes it easy to target campaigns that aim to improve quality of life.”
Another great thing that makes Cebu attractive for startups is that costs here are much more affordable, compared to other locations, making it “a great place to build products, test them and then scale them to the global market at a low cost to your company. In terms of livability, Cebu is a beautiful and economical place to live, with lots of outdoorsy activities close by.”
In an interview with Sun.Star, Anthony Noel, startup committee chairman for the Cebu Chamber of Commerce and Industry (CCCI), added that Cebu “conducive jump off point” for other technology startups for different fields such as “transportation, tourism, food and beverage, as well as retail.”
Photo credits: Philippine Cities