If you're a city or country that wants the next Silicon Valley, the recipe is simple: abolish obsolete regulations.
- Fully legalize crypto
- Carve out zones for self-driving cars
- Allow expanded right-to-try in biomedicine
Here's more from 2014. https://www.politico.com/magazine/story/2014/06/turn-detroit-into-drone-valley-107853
- Fully legalize crypto
- Carve out zones for self-driving cars
- Allow expanded right-to-try in biomedicine
Here's more from 2014. https://www.politico.com/magazine/story/2014/06/turn-detroit-into-drone-valley-107853
Focus on abolishing old regulations over subsidies or tax breaks. Here's why:
- legalizing something new is a true 0-to-1 step
- it gives instant global advantage vs other jurisdictions
- it's free & costs the jurisdiction nothing
Legalize innovation and the talent will follow.
- legalizing something new is a true 0-to-1 step
- it gives instant global advantage vs other jurisdictions
- it's free & costs the jurisdiction nothing
Legalize innovation and the talent will follow.
It's hard to specifically attract the *digital* part of Silicon Valley, because it can be funded from anywhere and scaled online.
Instead, unlock innovation in the *physical* world by creating special innovation zones for particular technologies like self-driving cars.
Instead, unlock innovation in the *physical* world by creating special innovation zones for particular technologies like self-driving cars.
Some people mention things like non-enforcement of non-competes as the main attractor for Silicon Valley. That's fine but way down the list. It's nothing compared to legalizing defi or challenge trials.
Be bold to make your city a world leader. Legalize innovation.
Be bold to make your city a world leader. Legalize innovation.