Economy of New York City supported by its entrepreneurship ecosystem and venture capital investments. In the first half of 2014, Silicon Alley generated over US$2.1 billion in venture capital investment across a broad spectrum of high technology industries, most based in Manhattan, or alternatively, Brooklyn. High technology startup companies and employment are growing in New York City and the region, bolstered by the city's position in North America as the leading Internet hub and telecommunications center, including its vicinity to several transatlantic fiber optic trunk lines, New York's intellectual capital, and its extensive outdoor wireless connectivity. According to New York’s Economic Development Corporation, telecom carriers,
Silicon Valley of India Silicon Valley of India The Silicon Valley of India is a nickname of the Indian city of Bangalore. The name signifies Bangalore as a hub for information technology companies in India. It is a reference to the original Silicon Valley of the San Francisco Bay Area, which is the major hub for information technology companies in the United States. One of the earliest mentions of this sobriquet occurred in late 2012 by CNN. The more prevalent application of the nickname Bangalore began in the 1990s based on a concentration of firms specializing in research and development (R&D), electronics and software