Mobile Internet creates new generation of High-tech start-ups

The rise of mobile computing has spawned new technology start-ups around the world, with entrepreneurs flocking to cities like New York, Tel Aviv and Berlin, hoping to make money from the boom in smartphones and tablets.

Various new mobile devices and "cloud" technologies to support them have created a huge technology market for international entrepreneurs, while also reducing the cost and difficulty of establishing independent businesses.

"There's an app store now. All of a sudden, if you submit your game to the App Store, you get access to 1 billion of consumers, "Ilka Pananin Ilkka Paananen, Supercell chief executive of Finnish gaming company."

Many entrepreneurs are scrambling to replicate the success of companies like Supercell. The company recently sold 51% of its shares to Japanese investors SoftBank (SoftBank) and GungHo Online Entertainment at a price of 1.5 billion dollars. Spotify, another Scandinavian Pen. start-up, has recently been valued at $4 billion trillion.

After Google spent 1 billion of dollars last year on a waze of mobile-transport applications, Israel's deeply rooted start-up sector boomed. The new technology needed to support mobile computing became a hot target in 2013: Facebook acquired the data compression company Onavo and Apple bought PrimeSense, which produces sensors that can control computers by hand gestures.

Such high-profile success stories, and the low cost of making apps for mobile platforms, have left entrepreneurs flocking to nascent start-ups around the world, reminiscent of the dotcom boom in consumer internet companies. But in previous booms, the bubble burst rapidly as internet companies did not keep up with their high valuations.

Since then, cities such as London and New York have worked together to build more resilient start-up ecosystems. That, in part, means turning to traditional local industries, such as fashion, retailing and finance, to generate Internet companies that are not just using high-tech skills.

But many entrepreneurs and venture capitalists say Silicon Valley still has a huge advantage in nurturing the next generation of Internet leaders, even as the global appetite for new generation of consumer technology start-ups peaked at the end of the dotcom bubble in the late 90.

The reason most often cited is that, in other places, fast-growing companies will find it hard to get financing in addition to early seed investment, and it is hard to get enough good workers.

"All of these markets have the potential and the infrastructure, but they don't seem to be able to use these resources like Silicon Valley," said Dave Zilberman, Comcast Ventures of the US cable company's Comcast (Comcast) investment division. Zilberman moved from New York to California State to the forefront of entrepreneurship and investment in the 2013 brain drain.

John Winery, President of Stanford University (Stanford University), said the long-term attempts to build a technology hub that could rival Silicon Valley have not shaken California's lead. "If there is any change, it is that the gap has widened," he said. The truth is, this is the heart of the technology world. ”