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Emerging markets: Top 10 cities to launch a startup

Published 6:57 AM EDT, Mon October 13, 2014
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Vietnam's business capital, Ho Chi Minh City continues its ascent. "The city has spawned Flappy Bird and with 70% of the population under the age of 30, the energy and buzz in this country will continue to build on its growing startup scene," said Nest Investment CEO Simon Squibb. <br />
Ho Chi Minh City, Vietnam —
Vietnam's business capital, Ho Chi Minh City continues its ascent. "The city has spawned Flappy Bird and with 70% of the population under the age of 30, the energy and buzz in this country will continue to build on its growing startup scene," said Nest Investment CEO Simon Squibb.
AFP/Getty Images
Nairobi's iHub (pictured) is a co-working space that's become the epicenter of Kenya's burgeoning tech scene. "Kenya has the fastest mobile adoption rates in Africa," said Squibb. "The revolutionary success of big players like M-Pesa, which has resulted in the prevalence of mobile payments, has equipped cities like Nairobi with the mindset and technology to succeed in the startup space."
Nairobi, Kenya —
Nairobi's iHub (pictured) is a co-working space that's become the epicenter of Kenya's burgeoning tech scene. "Kenya has the fastest mobile adoption rates in Africa," said Squibb. "The revolutionary success of big players like M-Pesa, which has resulted in the prevalence of mobile payments, has equipped cities like Nairobi with the mindset and technology to succeed in the startup space."
iHub
India's undisputed tech city remains Bangalore. "With a highly educated and skilled talent pool, Bangalore has long been a tech capital. Several initiatives, including the UK Indian Business Council, are building on this ingrained tech hub to scale it up as a startup haven." <br />
Bangalore, India —
India's undisputed tech city remains Bangalore. "With a highly educated and skilled talent pool, Bangalore has long been a tech capital. Several initiatives, including the UK Indian Business Council, are building on this ingrained tech hub to scale it up as a startup haven."
AFP/Getty Images
"Start Up Chile is doing a great job at promoting entrepreneurship and at Nest we've seen an increasing number of interesting startups applying from Chile," Squibb said.
Santiago, Chile —
"Start Up Chile is doing a great job at promoting entrepreneurship and at Nest we've seen an increasing number of interesting startups applying from Chile," Squibb said.
AFP/Getty Images
A client uses a tablet computer in the world's first cybercafe equipped with tablet computers, in the Medina, a popular district of Dakar. "Dakar is a good jumping off point into Francophone sub-Saharan Africa and due to the large number of international companies headquartered there for central and west Africa, many have global connections that can take their startups to the next level," Squibb said.
Dakar, Senegal —
A client uses a tablet computer in the world's first cybercafe equipped with tablet computers, in the Medina, a popular district of Dakar. "Dakar is a good jumping off point into Francophone sub-Saharan Africa and due to the large number of international companies headquartered there for central and west Africa, many have global connections that can take their startups to the next level," Squibb said.
SEYLLOU/AFP/Getty Images
"There is no shortage of tech talent here, which now often goes hand-in-hand with a thriving startup ecosystem. The sheer volume of tech freelancers in this city is an indication of a startup hub with a talent pool waiting to be unleashed," Squibb said.
Manila, Philippines —
"There is no shortage of tech talent here, which now often goes hand-in-hand with a thriving startup ecosystem. The sheer volume of tech freelancers in this city is an indication of a startup hub with a talent pool waiting to be unleashed," Squibb said.
AFP/Getty Images
"Already known as a business capital in the region, there have been some promising startups coming out of Lagos. iRokoTV is dubbed the 'Netflix of Africa,' and BudgIT has great implications for government transparency. Young, creative and tech-savvy: The Co-Creation Hub is the go-to place for the forward-thinking Nigerian."
Lagos, Nigeria —
"Already known as a business capital in the region, there have been some promising startups coming out of Lagos. iRokoTV is dubbed the 'Netflix of Africa,' and BudgIT has great implications for government transparency. Young, creative and tech-savvy: The Co-Creation Hub is the go-to place for the forward-thinking Nigerian."
Errol Barnett/CNN
"Lima is a great opportunity given its access to a market of 10 million people in the Andean community. Government and private support has been on the rise with Wayra and Startup Peru generating great interest and activity in the ecosystem," Squibb said.
Lima, Peru —
"Lima is a great opportunity given its access to a market of 10 million people in the Andean community. Government and private support has been on the rise with Wayra and Startup Peru generating great interest and activity in the ecosystem," Squibb said.
AFP/Getty Images
"Hong Kong has a strong rule of law and a unique global connectivity, in terms of both its potential markets and the local talent pool. With close links to manufacturing in China and a strong finance industry, Hong Kong's hardware, wearable-tech, big data and fintech startups are particularly well suited to this eco-system."
Hong Kong SAR, China —
"Hong Kong has a strong rule of law and a unique global connectivity, in terms of both its potential markets and the local talent pool. With close links to manufacturing in China and a strong finance industry, Hong Kong's hardware, wearable-tech, big data and fintech startups are particularly well suited to this eco-system."
AFP/Getty Images
"Venture capital investments have tripled since Q1 2014 in Tel Aviv, and we've seen an increased amount of high quality startups from this market wanting to scale aggressively into China for example," Squibb said.
Tel Aviv, Israel —
"Venture capital investments have tripled since Q1 2014 in Tel Aviv, and we've seen an increased amount of high quality startups from this market wanting to scale aggressively into China for example," Squibb said.
AFP/Getty Images

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