New York metropolitan area to take advantage of New Jersey's relatively lower commercial real estate and rental prices, while offering continued geographic proximity to Manhattan's financial industry ecosystem. Silicon Alley, centered in New York City, has evolved into a metonym for the sphere encompassing the metropolitan region's high technology industries involving the Internet, new media, financial technology ("fintech"), telecommunications, digital media, software development, biotechnology, game design, and other fields within information technology that are supported by its entrepreneurship ecosystem and venture capital investments. In 2015, Silicon Alley generated over US$7.3 billion in venture capital investment, most based in Manhattan, as well as in Brooklyn,
Silicon Beach other technology companies had facilities—"Silicon Beach, in deference to the great valley of the West". In 1984 Silicon Beach Software was formed in San Diego, California. "Silicon Beach Australia" was used to describe that country's internet technology community in 2008. There are four significant areas in Australia that are nurturing start-ups: Sydney, Melbourne, Brisbane, and Perth. Silicon Beach Silicon Beach is the Westside region of the Los Angeles metropolitan area that is home to over 500 tech startup companies, with emphasis on the coastal strip north of LAX to Santa Monica Mountains, but the term may be applied loosely or