Building a successful technology hub requires more than just capital and a vision; it also requires the right people and framework. There are currently two polar opposite models of what constitutes a successful technology hub.
The first model is exemplified by San Francisco, which is undoubtedly the reigning queen of tech hubs. The San Francisco scene is characterised by bottom-up technology innovation that goes hand-in-hand with poor governance. This is an issue of the "limousine liberal" public that affects the private sector. The bottom-up side is characterised by readily available skills and a very laissez-faire lenient sector.
The second model is exemplified by Dubai in the Middle East, which is often referred to as the "new Venice." Since the beginning of the century, the U.A.E. ruling coalition has been trying to modernise the economy, pushed by a fear of an after-oil tomorrow. What started as a very pragmatic model has given birth to a new school of developmentalism which is being copied by every OPEC country. Dubai now has a thriving technology scene and is a leader in Web3 solutions, just after Miami.
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