Startup Cities to Watch in 2014

Over at Upstart Business Journal, Laura Baverman writes that many nations are championing entrepreneurship as a way to solve economic woes and reduce poverty. She lists five cities where big moves could come in 2014.

Chile has been aggressively targeting startups inside and outside of its borders since it launched Startup Chile in 2010, and in 2013 was South America’s most innovative country on the Global Innovation Index. More than 600 entrepreneurs from around the world have been through the six-month accelerator, about 40 percent staying in the nation, and they’ve raised more than $20 million. But that’s peanuts compared to Silicon Valley, and according to a May 2013 Huffington Post story, some have argued not enough for the government to continue running it. In the mix in 2014 too, is a reinstated president (Michelle Bachelet, who served 2006-2010), who hasn’t yet weighed in on the program. In either case, leaders say innovation, R&D, and entrepreneurship are important for a country torn by poverty and economic inequality as well as the after-effects of a massive 2010 earthquake and conservative policies that benefitted the rich most. We’re anxious to see the next generation of Chilean innovation in 2014.

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