The cluster effect: Why ICT startups thrive together
- The U.K. introduced policies in the 1980s to cultivate an enterprise culture, strengthening its economy.
- South Korea has invested in Asian research and development to nurture startups through indirect incentives.
- India has encouraged high-tech companies to form clusters, particularly in the ICT sector.
The focus on tech-driven startups and their clustering is a promising approach to fostering innovation and economic growth. However, it is essential to ensure that the balance among government, private, and academic entities is maintained to avoid potential pitfalls such as uninformed perspectives and restricted market views.
