SPECIAL REPORT / Europe seeks to capitalise on clusters of internet-driven businesses – such as those in Dublin and Helsinki – whose success relies on a mixture of policy initiatives ranging from education through to taxation, but also word-of-mouth. One of the key drivers leading companies to gather in Silicon-Valley-style hubs, however, is the simple fact that others have done so.
“When you gather a lot of talented people in one location there is obviously a natural exchange of ideas and cooperation between the companies in that cluster,” said Kenneth Fredriksen, vice president of Huawei’s Central European and Nordic region.
Fredriksen said the Chinese tech giant was lured to invest in a new research and development centre in Finland because of the “structured and unstructured ways that hubs help companies to create and share ideas”.
To read the original article: Europe looks to tech hubs to lure foreign investment | EurActiv
