San Francisco

An economic powerhouse

California represents 13% of total U.S. GDP: the San Francisco Bay Area by itself has a GDP of 500 billion dollars, which in itself is equivalent to the 20th largest economy in the world.

The driving force behind this economy is situated in Silicon Valley, a region known around the world for being the birthplace of or housing the major technology players like Hewlett-Packard, Intel, Apple, Oracle, Google, and Facebook.

Innovation

Silicon Valley is the global center for technological innovation, where there have been advances in a wide array of sectors including clean tech, hardware, software, Internet, and medical and biotech sectors.

This large concentration of innovation is accompanied by an unparalleled entrepreneurial vitality, while the region produces thousands of new ventures every year. Robert Metcalfe, engineer and co-inventor of the Ethernet, said these revealing words in 1998:

« Silicon Valley is the only place on Earth not trying to figure out how to become Silicon Valley ».

A model ecosystem

Understanding the attraction of Silicon Valley is first to understand the optimal reception conditions and the presence of a large number of innovation professionals revolving around startups (service providers, a multitude of incubators, a plethora of VCs, rapid capacity to develop one’s address book, such as the many networking opportunities). This area also integrates the presence of first-rate universities: Stanford and UC Berkeley, both of which are closely linked to the local entrepreneurial fabric, as well as UC San Francisco, a global reference in the biomedical field.

The NETVA program gives your company the chance to better understand and obtain a comprehensive overview of the high-tech ecosystem of Silicon Valley: join the winners from past editions of NETVA and come and discover the immediacy and responsiveness of the Californian markets towards technological and business trends.

Twitter @Netva_fr