The United States remains a highly innovative country, and Silicon Valley is the pinnacle of American innovation. The U.S. can attract talented individuals worldwide through its global soft power. Of the top ten universities, eight are in the U.S., highlighting the prestige of high-level American education, partially supported by the aforementioned talents.
Companies such as Tesla, Apple, and Google, which are based in Silicon Valley, continue to develop top-notch products for consumers worldwide. Meanwhile, talented individuals still go to Silicon Valley. Henceforth, the region remains incredibly innovative. However, for start-up companies, the location is high-cost compared to other places.
While Silicon Valley is innovative, other places in the world are also very innovative. Shenzhen, China, is a prominent example of this; it has its massive advantages, such as access to the enormous Chinese consumer market. Furthermore, China itself is home to a vast pool of talented people, many of whom no longer want to go to the U.S., considering the recent rise in tensions between the two countries. Regarding Tokyo, it is not as innovative as Shenzhen or Silicon Valley, but it is still a decent option. Overall, the best location is determined by one’s objectives and background.