Vivek Wadhwa wrote this article in TechCrunch
Dec 18, 2010
Regions all over the world have spent millions—sometimes billions—of dollars trying to create their own Silicon Valley.
They drank the same Kool-Aid and used the same recipe: start with a
research university; build a fancy tech park next to it; give tax breaks
to chosen companies to locate in the park; attract venture capital by
offering matching investments; and watch the magic happen.
Unfortunately, the magic never happened, anywhere.
All government-sponsored (top-down) tech-cluster efforts—everywhere
in the world—either have failed or are on life support (though some
pretend they are not).
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