Bangalore makes to the Top 10 Entrepreneurial Cities
Date: Thursday , May 03, 2012
All the speculations about Bangalore losing its status of India's technology hub got hushed when a report placed Bangalore among the Top 10 preferred entrepreneurial location. The only other city that makes it to the list of Top 25 is Mumbai, ranking twenty, while Bangalore attained a comparatively superior ninth rank.
The report released by the Startup Genome Project was initiated by a group of startup mentors and entrepreneurs of Silicon Valley to study the factors that effect entrepreneurs while they chose a location.
Due to the early establishment of IT clusters and the soaring stock values of companies like Infosys, a large sector of the city's students started moving towards technological fields like computers and engineering. With public sector tech organizations like BEL, HAL and BHEL already doing so good, Bangalore got packed with enterprises, investors and a wholesome of skilled Human Resource. Now what could be a better place for a company to take off?
In spite of few shortcomings like lack of no-tech organizations and over crowding of service based enterprises, the overall experience of any company or investor in Bangalore has been quiet excellent and the city seems to expand itself for any new enterprise that tries to find its feet in the IT industry.