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SILICON VALLEYS OF THE WORLDSilicon Valley doesn't own the monopoly on being a techdevelopment and startup hot spot: Meet the equivalent,exciting places on the other side of the Pacific Ocean.We all hear endlessly about the goings on in Silicon Valley, whether it be news about novel startups with a missionto change the world, the investors that back the projects, or the political machinations that go on in thiswell-known hotbed of technological innovation. But far across the globe there are plenty of places that are alsobubbling with excitement, innovation, entrepreneurial fervor and cash. Often they're the very places wherethe actual Silicon Valley's products actually get mass-produced. Meet some of Asia's tech innovation hotspots.SingaporeSingapore is often feted as "Asia'sSilicon Valley" because of its historyas a popular place to set up aninternational business, its location,its low friction to doing businessand its cosmopolitan nature.As an example of its growing importance,recently a new incubatorfund, Golden Gate Ventures, istrying to spend its US$10 millionto bring successful Singaporean entrepreneursto Silicon Valley itself towork with existing names that arefamous from currently successfulenterprises like YouTube.As another example, Business Insiderrecently covered the interestingby Kit Eaton62 INNOVATION LEADERSHIP INNOVATION LEADERSHIP 63