Turning a Tech Hub into a Talent Magnet

Armed with this knowledge, policymakers can work with stakeholders in the local digital ecosystem to develop and execute strategies to build and nurture dynamic, resilient tech hubs that can spur innovation and economic growth for decades to come. Governments should consider offering corporate tax i...

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Bibliographic Details
Published inBCG Insights
Main Authors Lavian, Shahar, Lovich, Deborah, Klier, Or, Konrad von Szczepanski, Kempinsky, Polina
Format Web Resource
LanguageEnglish
Published Boston Boston Consulting Group Boston, MA 27.04.2022
Subjects
Artificial intelligence
Bank technology
Big Data
Colleges & universities
COVID-19
Cybersecurity
Innovations
Mathematics education
Startups
Talent management
Tax incentives
Venture capital
Work life balance
Workers
Singapore
Latin America
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Summary:Armed with this knowledge, policymakers can work with stakeholders in the local digital ecosystem to develop and execute strategies to build and nurture dynamic, resilient tech hubs that can spur innovation and economic growth for decades to come. Governments should consider offering corporate tax incentives, providing access to funding, supporting large corporations that serve as cornerstones, and seeking ways to boost demand for locally produced goods and services, such as through government procurement. To build a strong base of anchor employers and tech industry clusters, Singapore offered generous tax incentives and developed campuses with office space, laboratories, and research programs for such targeted industries as digital media and biotechnology. London also leverages its excellent higher-education system, which includes University College London, the London School of Economics, King’s College London, and nearby institutions such as Oxford and Cambridge. [...]the UK offers generous scholarships that also help London attract and retain international talent–and visas to entrepreneurs who want to start up innovative businesses.