8 Building Blocks to Create Regional Tech Clusters

September 24, 2014

4:30 pm

Bambi Francisco, Founder and CEO of  Vator.tv, spoke during Tech Cocktail Sessions in Las Vegas, where she shared layers for a foundation in building a regional tech hub based on her experience in Oakland. There needs to be eight building blocks in place before a city can become a tech hub:

1. Favorable infrastructure: Housing and commercial units needs to be available to attract business.

2. Startup infrastructure: A network of VCs to attract startups and investment into the region, as well as co-working spaces and events.

3. Targeted startup district: Francisco says, “It’s very difficult to create a tech ecosystem. You can’t diffuse the brain power, you have to bring it together so you can work together.”

4. Anchor tenant and venue: Find a space to create a district and build momentum.

5. Neighborhood development: you need to attract business and make the place livable, that’s how you attract talent.

6. Economic incentives: Creating tax breaks to businesses that create jobs.

7. Startup incubators: “You need to create this ambient knowledge where you share what it means to take risks and to create a startup,” explains Francisco. This includes partnerships with the government.

8. Series A investors: These are the people who write the checks between 3M-5M that allow these startups to flourish.

Francisco also emphasized on the importance of preserving the regional culture and make sure it is an inclusive.

Did you like this article?

Get more delivered to your inbox just like it!

Sorry about that. Try these articles instead!

Camila has been heavily active in South Florida’s tech startup community, where she is a co-host of a local radio show called pFunkcast. Camila previously worked at Greenpeace International and the Organization of the Prohibition of Chemical Weapons (OPCW) in various communication roles. A proud Brazilian who spent most of he life in Peru, she is passionate about traveling and documentaries.

  • Shares

Leave a Reply

  • (will not be published)
Startup_Mixology_300x250
Startup_Mixology_300x250