Silicon Valley

Silicon Valley

Silicon Valley is adapting to shifts in the tech industry and real estate market, but its innovation ecosystem remains strong.

  • R&D Space Sales Price: $265.04 per square foot in 2024
  • Major Deals: 38 out of 78 deals in 2023 and Q1 2024 involving software companies
  • Key Focus Areas: Green energy, clean technology, artificial intelligence
Tokyo

Tokyo

Tokyo is seeing a strategic shift in R&D investments, focusing on revitalizing its semiconductor industry while promoting digital and green transformation.

  • Total R&D Expenditure: 20.70 trillion yen (3.65% of GDP) in FY2022
  • Government Allocations: 272.5 billion yen for AI, 385.0 billion yen for Biotechnology
  • Advanced Semiconductor Fund: 1 trillion yen
Shenzhen

Shenzhen

Shenzhen maintains its standing as "China's Silicon Valley," with substantial R&D investment primarily driven by enterprises.

  • R&D Investment: 188.049 billion yuan in 2023 (5.81% of GDP)
  • Enterprise R&D Contribution: 94.9% of total R&D investment
  • Future Investment Plan: Over 700 billion yuan in high-tech R&D over 5 years
Boston/Cambridge

Boston/Cambridge

Boston/Cambridge remains a leading center for biopharma and biotech, attracting significant venture capital and NIH funding.

  • Venture Capital Funding (Biopharma): $7.67 billion in 2023, $3.04 billion in first half of 2024
  • NIH Funding: $5.219 billion in 2024
  • Biotech Companies: Over 250 in the region, 120+ in Kendall Square
New York City

New York City

New York City's biotech and life sciences sectors are thriving, driven by significant investments and a supportive policy environment.

  • Biotech Funding: $2.91 billion in 2023
  • Life Science Companies: Over 5,000
  • Tech Sector Funding: Over $1.8 billion in venture funding in 2023
Beijing

Beijing

Beijing is experiencing strong R&D growth, driven by government incentives and a focus on high-tech and emerging industries, particularly artificial intelligence (AI).

  • R&D Institutions: 405 in 2022
  • R&D Investment in Beijing E-Town: 40.39 billion yuan in 2023 (9.55% year-on-year increase)
  • AI Industry Goal: 300 billion yuan core scale by 2025
Shanghai

Shanghai

Shanghai attracts record foreign investment and fosters growth across strategic emerging industries, solidifying its position as a leading R&D hub.

  • Foreign Investment: $24 billion in 2023
  • Foreign-funded R&D centers: 563 as of January 2024
  • Key Industries: Biomedicine, Electronic Information, Digital Economy
London

London

London remains a prominent R&D center within the EU, with significant investments focused on emerging technologies, especially in fintech, healthtech, and AI.

  • R&D Investment Goal: 2.4% of GDP by 2027
  • Key Sectors: Fintech, Healthtech, Artificial Intelligence
  • Government Support: R&D Tax Credit, Innovate UK investments
Paris

Paris

Paris attracts substantial foreign direct investment and excels in R&D, particularly in health industries and renewable energy.

  • R&D Expenditure: €21.7 billion in 2023
  • R&D Workforce: 182,772 full-time professionals
  • Key Sectors: Health Industries, Renewable Energies, Cleantech
Seoul

Seoul

Seoul is experiencing record-high R&D investments from both government and corporate sectors, with a focus on semiconductors and display technologies.

  • National R&D Budget: Over 30 trillion won
  • Science Research Budget: 6.7 trillion won in 2023
  • Corporate R&D Investment: 72.5 trillion won in 2023 (top 1,000 companies)
Los Angeles

Los Angeles

Los Angeles continues to diversify its economy, with substantial R&D investments in the pharmaceutical, biotech, and digital media sectors.

  • Key Industries: Digital Media & Entertainment, Aerospace & Defense, Biotech
  • Notable Companies: Sunbit (fintech), Navitas Semiconductor (energy-efficient power electronics)
  • Focus Areas: Advanced mobility, space technology, AI-driven innovations
San Diego

San Diego

San Diego maintains its reputation for innovation, particularly in biotech and life sciences, attracting foreign companies seeking to establish or expand their R&D operations.

  • Key Industries: Healthcare and Social Assistance, Professional, Scientific, and Technical Services
  • Major Companies: Qualcomm, Illumina, Thermo Fisher Scientific
  • Focus Areas: Genomics, Wireless Technology, Life Sciences
Tel Aviv

Tel Aviv

Tel Aviv's tech sector remains resilient, with continued investments in life sciences, climate tech, and software.

  • Private Funding: Nearly $10 billion estimated for Israeli tech in 2023
  • Life Sciences Investment: 30% of Israel Innovation Authority investments in 2022
  • Climate Tech Companies: 516 operating in this space
Stockholm

Stockholm

Stockholm displays a strong commitment to R&D, with a particular emphasis on digital transformation and significant investments in the automotive and ICT sectors.

  • Sweden's R&D Intensity: 3.57% in 2023
  • Key Sectors: Automotive, ICT Producers, Industrial
  • Major Companies: Atlas Copco AB, AB Volvo
Munich

Munich

Munich remains a strong R&D hub in Germany, with significant investments in the automotive, ICT, and health sectors, attracting international companies.

  • BMW R&D Center: Employs around 26,000 people
  • Apple Investment: $2 billion in a new chip design center
  • Key Industries: Automotive, ICT, Health
Toronto

Toronto

Toronto is attracting investments in innovative industries, with a strong emphasis on AI, and experiencing significant job growth in key sectors.

  • Toronto Global Investments: 44 investments in 2023, generating 5,527 jobs
  • Tech Sector: Over 300,000 employees, annual investments exceeding $5 billion
  • Key Industries: Transportation and Warehousing, Healthcare and Social Assistance, Tech
Singapore

Singapore

Singapore continues its strong commitment to R&D, particularly in deep tech, with significant government budget supporting strategic growth.

  • National R&D Investment: Over S$11 billion
  • RIE2025 Plan: S$3 billion for advanced manufacturing, sustainability, digital economy, and healthcare
  • Fixed Asset Investments: S$12.7 billion in 2023
Melbourne

Melbourne

Melbourne continues to attract investments in key sectors such as healthcare, automotive, and ICT, focusing on digitalization and green technologies.

  • Key Industries: Healthcare, Automotive, Information and Communication Technology
  • Focus Areas: Developing efficient, accessible, and affordable healthcare services
  • R&D Investments: Concentrating on green technologies in the automotive industry
Berlin

Berlin

Berlin is emerging as a leading European tech hub, with a vibrant startup ecosystem and significant investments in cutting-edge research.

  • Startup Investments: €4.1 billion in 2023
  • Research Institutions: Over 70
  • Key Industries: AI, Fintech, Biotech, Clean Energy
Bangalore

Bangalore

Bangalore is experiencing a surge in R&D investment, particularly from multinational companies in semiconductors and medical technology.

  • AMD Investment: $400 million over five years
  • Cisco's Bangalore office plays a key role in the company's global operations
  • Key Sectors: Information Technology, Semiconductors, Pharmaceuticals