Forget London, Cambridge and Silicone Valley, Wales is a thriving platform for technology start-ups.
According to Business News Wales, cheaper running costs and the £115 million in venture capital Welsh start-ups have benefited from in the last six years make the country a thriving foundation for entrepreneurialism.
The newspaper gives specific reasons why Wales is the new home for technology start-ups.
The growing tech scene in Wales is thanks to great courses for IT available at universities such as Swansea University so there is a wealth of talent to pick from, moreover some 80 tech start-ups have received £60 million from Finance Wales in the last year encouraging more Welsh technology innovation.
As the tech market in Wales is not as overheated as London, there is less difficulty securing and keeping the best people, while the opportunity to offer these bright young things a comfortable and well-equipped working environment is greater as the cost of running an office - and the choice of great office properties available - is better than in a larger city.
Finally, Wales offers a better quality of life to its residents than in London. This does not only mean the office is likely to be more spacious with added benefits such as parking that are less easy to come by in big cities, but your workers’ quality of life at home is better thanks to cheaper rents and less busy commutes.
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