According to the new study conducted by Savills, real estate property management firm, New York City is the Word’s #1 Tech City. Amazon had a good hunch when they decided to open HQ2 there.
New York did well scoring #1, while San Francisco was right behind #2, and London was #3. Savills Tech Cities index measures what makes the cities successful. The index scores cities on the costs of living and doing business, investment opportunities, real estate prices and access to transit, among other things.
According to the report access to amazing talent and NYC reputation as a centre of commerce makes New York the global leader.
Toronto was the only Canadian city on the list placing #11 right before Seattle #12.
Report also pointed out that Chinese cities made a big jump this year. VC investments in Chinese cities account for more money than the US cities. Beijing, for example, recorded an average $34 billion of VC p.a. in the last three years, higher than New York and San Francisco.
Toronto did not score that well on VC investments when compared to other cities like Beijing or New York.
Toronto did not do so well on the cost of real estate as well. It is much more expensive to rent an office as well as a dwelling when compared to other cities. Toronto’s Mainstream residential rent (Per week, USD) is $360 and Coworking cost (desk in a private office, per month, USD) is $960. The rates are on par with New York City and San Francisco.
Toronto also did poorly on mobility ranking, the ease a city’s population can get from A to B is an important consideration. Toronto was #25 out of 30 when it came to commuting, public transit. Something that we need to improve on to overhaul existing infrastructure over years to come. London, Stockholm and NYC took top 3 spots when it came to mobility.
Your parents are the best support you have in your first 20 years. They say the main reason why some entrepreneurs make it while some others do not is due to the advice their father or mother gave them when they were growing up.
Here are the 7 lessons famous entrepreneurs learned from their parents:
“I was encouraged to fail from the early age. Trying is not failing – it allowed me to be freer in trying things“, says Sara Blakely. She is an American billionaire businesswoman, and founder of Spanx, an American intimate apparel company with pants and leggings, founded in Atlanta, Georgia. As of 2014, she is listed as the 93rd most powerful woman in the world by Forbes.
“Is not life beautiful?”, that’s 3 simple words his father gave him says Richard Branson. He is an English business magnate, investor and philanthropist. He founded the Virgin Group, which controls more than 400 companies.
Do Things You are Not Good at.
“My father encourage me to do things I was not very good at, and that really opened me up for leadership opportunities“, says Bill Gates. He is co-founder of Microsoft and is an American business magnate, investor, author and philanthropist.
“I was taught to defy authority from early age, and that’s why I grew up never wanting to work for anyone,” says Barbara Corcoran. She is an American businesswoman, investor, speaker, consultant, syndicated columnist, author, and television personality. As a television personality, she is a “Shark” investor on ABC’s Shark Tank.
Never count other people’s money.
“My pop told me do not count other people’s money. It’s what you got and how you take care of it,” says Steph Curry. He is an American professional basketball player for the Golden State Warriors of the National Basketball Association (NBA). Many players and analysts have called him the greatest shooter in NBA history.
“I was told to be nice to everyone around me regardless of who they are,” says Tory Burch. She is an American fashion designer, businesswoman, and philanthropist, who has won several fashion awards for her designs. She is the Chairman, CEO, and Designer of Tory Burch LLC.
“I was told just be myself. Do not be a follower. Do not be a sheep. ” says Russell Simmons. He is an American entrepreneur, producer and author. The Chairman and CEO of Rush Communications, he cofounded the hip-hop music label Def Jam Recordings.
Due to Canada perception as one of the best countries to live and work in a lot of people want to know – whats the best way to come work and live here? A lot of people incorrectly assume if they keep on applying for tech jobs from abroad they will get an interview. The only problem with that is even if a company does interview you – they will still need to pay thousands of dollars to apply for your work permit, and sometimes wait for up to 10 months to receive decision from Service Canada.
Another way a lot of people overlook is that if you come to Canada to study (even for an 8 months degree) – you will be eligible up to 3 year OPEN work permit and can apply for your permanent residency and Canadian citizenship afterwards. You can also bring your spouse and children with you and apply for PR while you are studying so that you can receive your PR by the time your study work permit expires.
A lot of people will point out that it is expensive to do it this way, but it does not have to be. A 1 year program at lower cost university is around $5,000 – $10,000 Canadian dollars and annual expenses with housing can be had for another $5,000-10,000 so you can have a chance for a better life in Canada for under $20,000.
Top three cheapest universities to get your master’s degree in Canada if you are a foreign student and money is a concern?
UNIVERSITY OF SASKATCHEWAN, SASKATOON
Graduate international tuition and fees: $5,377/year
MEMORIAL UNIVERSITY, ST. JOHN’S
Graduate international tuition and fees: $5,718/year
UNIVERSITY OF ALBERTA, EDMONTON
Graduate international tuition and fees: $8,220/year
Once you have completed studies in an eligible program at an eligible Canadian post-secondary institution, international graduates can apply for a Post-Graduation Work Permit, which will allow you to work in Canada.
In its effort to retain international students, Citizenship and Immigration Canada (CIC) has recently made changes to the Post-Graduate Work Permit Program to make it more flexible and responsive to the needs of international students. Under the Post-Graduation Work Permit Program, international graduates can now obtain a three year open work permit, allowing them to work for any Canadian employer in any industry. They are not required to have a Canadian job offer at the time of application.
To be eligible for a Post-Graduation Work Permit, international students must:
– have studied full-time for the eight months preceding the completion of their program (please see note below) and must have graduated from:
– a public post-secondary educational institution (university, college, or CEGEP); or
– a private post-secondary educational institution that operates under the same rules and regulations as public institutions, and receives at least 50 per cent of its financing for operations from government grants; or
– a Canadian private educational institution authorized by provincial or territorial statute to confer degrees;
– apply for a work permit within 90 days of receiving written confirmation from their academic institution that they have met the requirements of their program;
– have completed and passed the program of study and received written notification that they are eligible to obtain their degree, diploma, or certificate; and
– have a valid study permit when applying for the work permit.
Potential applicants should note that:
– the program of study must be a minimum of two years for the graduate to obtain the three year work permit. However, if the program was less than two years but longer than eight months, the graduate can still obtain a work permit for the same duration as the program of study. In cases where a student has obtained a one year degree or diploma from an accredited educational institution within two years of having successfully completed a previous accredited Canadian post-secondary degree or diploma, he or she may qualify for a three-year open work permit; and
– while a student must have been studying full time in the eight months preceding the date of application for an open work permit, an exception is made in the case where a student fulfills all the requirements except full time study in the last session of their program. For example, if a student only needs two courses in the final session to complete the program but all previous study has been full time, the student may still apply for the Post-Graduate Work Permit Program.
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