Viewing offline content

Limited functionality available

Dismiss
United States
  • Services

    What's New

    • Register for Dbriefs webcasts

    • Unlimited Reality™

      Metaverse solutions that drive value

    • Sustainability, Climate & Equity

      Cultivating a sustainable and prosperous future

    • Tax

      • Tax Operate
      • Tax Legislation
      • Tax Technology Consulting
      • Mobility and Payroll
      • Legal Business Services
      • Tax Services
    • Consulting

      • Core Business Operations
      • Customer & Marketing
      • Enterprise Technology & Performance
      • Human Capital
      • Strategy & Analytics
    • Audit & Assurance

      • Audit Innovation
      • Accounting Standards
      • Accounting Events & Transactions
    • Deloitte Private

    • M&A and Restructuring

    • Risk & Financial Advisory

      • Accounting & Internal Controls
      • Cyber & Strategic Risk
      • Regulatory & Legal
      • Transactions and M&A
    • AI & Analytics

    • Cloud

    • Diversity, Equity & Inclusion

  • Industries

    What's New

    • The Ripple Effect

      Real-world client stories of purpose and impact

    • Register for Dbriefs webcasts

    • Industry Outlooks

      Key opportunities, trends, and challenges

    • Consumer

      • Automotive
      • Consumer Products
      • Retail, Wholesale & Distribution
      • Transportation, Hospitality & Services
    • Energy, Resources & Industrials

      • Industrial Products & Construction
      • Power, Utilities & Renewables
      • Energy & Chemicals
      • Mining & Metals
    • Financial Services

      • Banking & Capital Markets
      • Insurance
      • Investment Management
      • Real Estate
    • Government & Public Services

      • Defense, Security & Justice
      • Federal health
      • Civil
      • State & Local
      • Higher Education
    • Life Sciences & Health Care

      • Health Care
      • Life Sciences
    • Technology, Media & Telecommunications

      • Technology
      • Telecommunications, Media & Entertainment
  • Insights

    Deloitte Insights

    What's New

    • Deloitte Insights Magazine

      Explore the latest issue now

    • Deloitte Insights app

      Go straight to smart with daily updates on your mobile device

    • Weekly economic update

      See what's happening this week and the impact on your business

    • Strategy

      • Business Strategy & Growth
      • Digital Transformation
      • Governance & Board
      • Innovation
      • Marketing & Sales
      • Private Enterprise
    • Economy & Society

      • Economy
      • Environmental, Social, & Governance
      • Health Equity
      • Trust
      • Mobility
    • Organization

      • Operations
      • Finance & Tax
      • Risk & Regulation
      • Supply Chain
      • Smart Manufacturing
    • People

      • Leadership
      • Talent & Work
      • Diversity, Equity, & Inclusion
    • Technology

      • Data & Analytics
      • Emerging Technologies
      • Technology Management
    • Industries

      • Consumer
      • Energy, Resources, & Industrials
      • Financial Services
      • Government & Public Services
      • Life Sciences & Health Care
      • Technology, Media, & Telecommunications
    • Spotlight

      • Deloitte Insights Magazine
      • Press Room Podcasts
      • Weekly Economic Update
      • COVID-19
      • Resilience
      • Top 10 reading guide
  • Careers

    What's New

    • Our Purpose

      Exceptional organizations are led by a purpose. At Deloitte, our purpose is to make an impact that matters by creating trust and confidence in a more equitable society.

    • Day in the Life: Our hybrid workplace model

      See how we connect, collaborate, and drive impact across various locations.

    • The Deloitte University Experience

      Explore Deloitte University like never before through a cinematic movie trailer and films of popular locations throughout Deloitte University.

    • Careers

      • Audit & Assurance
      • Consulting
      • Risk & Financial Advisory
      • Tax
      • Internal Services
      • US Delivery Center
    • Students

      • Undergraduate
      • Advanced Degree
      • Internships
    • Experienced Professionals

      • Additional Opportunities
      • Veterans
      • Industries
      • Executives
    • Job Search

      • Entry Level Jobs
      • Experienced Professional Jobs
      • Recruiting Tips
      • Explore Your Fit
      • Labor Condition Applications
    • Life at Deloitte

      • Life at Deloitte Blog
      • Meet Our People
      • Diversity, Equity, & Inclusion
      • Corporate Citizenship
      • Leadership Development
      • Empowered Well-Being
      • Deloitte University
    • Alumni Relations

      • Update Your Information
      • Events
      • Career Development Support
      • Marketplace Jobs Dashboard
      • Alumni Resources
  • US-EN Location: United States-English  
  • Contact us
  • US-EN Location: United States-English  
  • Contact us
    • Dashboard
    • Saved items
    • Content feed
    • Subscriptions
    • Profile/Interests
    • Account settings

Welcome back

Still not a member? Join My Deloitte

The changing face of North America’s tech ecosystem

by Karthik Ramachandran
  • Save for later
  • Share
    • Share on Facebook
    • Share on Twitter
    • Share on Linkedin
    • Share by email
Deloitte Insights
  • Strategy
    Strategy
    Strategy
    • Business Strategy & Growth
    • Digital Transformation
    • Governance & Board
    • Innovation
    • Marketing & Sales
    • Private Enterprise
  • Economy & Society
    Economy & Society
    Economy & Society
    • Economy
    • Environmental, Social, & Governance
    • Health Equity
    • Trust
    • Mobility
  • Organization
    Organization
    Organization
    • Operations
    • Finance & Tax
    • Risk & Regulation
    • Supply Chain
    • Smart Manufacturing
  • People
    People
    People
    • Leadership
    • Talent & Work
    • Diversity, Equity, & Inclusion
  • Technology
    Technology
    Technology
    • Data & Analytics
    • Emerging Technologies
    • Technology Management
  • Industries
    Industries
    Industries
    • Consumer
    • Energy, Resources, & Industrials
    • Financial Services
    • Government & Public Services
    • Life Sciences & Health Care
    • Tech, Media, & Telecom
  • Spotlight
    Spotlight
    Spotlight
    • Deloitte Insights Magazine
    • Press Room Podcasts
    • Weekly Economic Update
    • COVID-19
    • Resilience
    • Top 10 reading guide
    • US-EN Location: United States-English  
    • Contact us
      • Dashboard
      • Saved items
      • Content feed
      • Subscriptions
      • Profile/Interests
      • Account settings
    4 minute read 22 January 2020

    The changing face of North America’s tech ecosystem Georgia, Florida, and British Columbia join the top 10 tech hubs

    4 minute read 23 January 2020
    • Karthik Ramachandran India
    • Save for later
    • Share
      • Share on Facebook
      • Share on Twitter
      • Share on Linkedin
      • Share by email

    Georgia, Florida, and British Columbia are emerging as tech hubs for TMT companies, driven by government R&D funding, access to talent and resources, and innovation-driven university curricula.

    In 2019, the Deloitte Technology Fast 500 marked a milestone: For the 25th year, Deloitte recognized 500 North American companies at the cutting edge of the technology industry, combining innovation, entrepreneurship, and rapid growth.1

    While traditional strongholds such as California, New York, Massachusetts, and Ontario, Canada, continue to host the largest number of fast-growing tech companies, results from Deloitte’s 2019 Technology Fast 500 awards suggest that the remainder of the North American tech landscape is changing rapidly (see figure 1). The 2019 Fast 500 highlighted the rise of several emerging hubs—including Georgia, Florida, and British Columbia—that tech, media, and telecom (TMT) companies should consider in terms of investment, diversification, and expansion.

    Several factors have enabled these budding locations to host increasing numbers of Fast 500 tech companies.

    Learn more

    Read the most recent charticle on M&A premiums

    Subscribe and never miss a charticle

    Explore the Thinking Fast series library

    Explore the Technology collection

    Go straight to smart. Get the Deloitte Insights app

    No. 5 Georgia, for example, has benefited from Atlanta Tech Village, a catalyst that allows tech startups to hit the ground running.2 Moreover, Georgia’s state-level universities and educational institutions play an important role in supporting the region’s tech ventures; local colleges are weaving in new types of entrepreneurship-related programs as part of their curriculum to promote students’ tech business ideas and ventures.3

    Ranked No. 9, Florida benefits from an ambitious plan to become a global tech hub, which includes hosting an array of events geared to startup companies.4 The state has a range of venture capital firms, accelerators, and collaborative workspaces that support and enable promising tech startups to operate and grow.

    At No. 10, British Columbia’s government-led initiatives and local universities have combined to make the region a hotbed of fast-growing tech companies.5 Thanks to government funding, R&D assistance, and tax credits, tech ventures can be launched at a lower cost than in many other North American provinces and states. In addition, local universities have sharpened their focus on offering world-class computer science, engineering, and tech courses, aiming to foster a startup culture.

    All of the emerging Fast 500 tech hubs have three things in common:

    • Access to talent, resources, and expertise via accelerators and incubators
    • Government support in the form of R&D funding
    • Redesign of university curriculum to mirror tech innovation and a startup culture

    The next herd of unicorns6 could very well emerge from these emerging Fast 500 states and provinces—presenting new options for TMT companies looking to invest in, buy, or partner with new-age tech companies in North America.

    Acknowledgments

    Thanks to Gavin Graves (Fast 500 program leader) for his support and inputs, to Susanne Hupfer for her thoughtful suggestions, and to Anand Chakilam for his help with designing the visual.

    Artist credit: Viktor Koen

    Endnotes
      1. See Deloitte, 2019 Technology Fast 500 winners. Winners—representing public and private technology, media, telecommunications, life sciences, and energy tech companies in North America—are selected based on percentage fiscal-year revenue growth over a three-year period. The ranking is compiled from applications submitted directly to the Technology Fast 500 website and public company database research conducted by Deloitte LLP. View in article

      2. Mary Ann Azevedo, “From the shadows of the Fortune 500, Atlanta emerges as a tech hub,” Crunchbase, October 2, 2019. View in article

      3. For example, Georgia Tech has a number of on-campus tech incubators and accelerators to support its students’ entrepreneurial ventures. See Georgia Tech College of Computing, “Entrepreneurial resources,” accessed December 11, 2019. View in article

      4. Elizabeth MacBride, “Miami is rising as a tech hub, with some surprising help,” Forbes, September 3, 2019. View in article

      5. Ramin Behzadi, “From elite talent to the maple syrup mafia: What’s generated the buzz surrounding British Columbia’s tech scene,” Crunchbase, May 7, 2019. View in article

      6. Unicorn refers to a privately held startup company with $1 billion or more in market value, as determined by private or public investment. View in article

    Show moreShow less

    Topics in this article

    Technology Management , Technology Industry , Technology, Media & Telecommunications , Economics , Americas , Innovation

    Technology, Media & Telecommunications

    Deloitte's Technology, Media & Telecommunications (TMT) industry practice brings together one of the world's largest group of specialists respected for helping shape many of the world's most recognized TMT brands—and helping those brands thrive in a digital world.

    Learn more
    Get in touch
    Contact
    • Paul Silverglate
    • US Technology, Media & Telecom Industry Sector Leader
    • Deloitte Risk and Financial Advisory
    • psilverglate@deloitte.com
    • +1 408 704 2475

    Download Subscribe

    Related content

    img Trending

    M&A premiums surge as pool of targets subsides

    Article 3 years ago
    img Trending

    Determining your future Business of Technology

    Article 3 years ago
    img Trending

    Technology, Media, and Telecommunications Predictions 2023

    Interactive 1 month ago
    img Trending

    How technology OEMs can guide channel partners into XaaS

    Article 3 years ago

    More from the Technology industry collection

    • Innovating for all: How CIOs can leverage diverse teams to foster innovation and ethical tech Article3 years ago
    • A pragmatic pathway for redefining work Article3 years ago
    • Rediscovering your identity Article3 years ago
    • Tech Trends 2023 Interactive1 month ago
    • Bringing AI to the device: Edge AI chips come into their own Article3 years ago
    • Tech Trends 2023 Interactive1 month ago
    Karthik Ramachandran

    Karthik Ramachandran

    Senior Manager | Deloitte Services LP

    Karthik Ramachandran is a senior research manager with Deloitte’s Center for TMT. He specializes in the technology and semiconductor industries, and works closely with senior leaders and SMEs in Deloitte’s TMT practice, globally, to codevelop and write thought leadership perspectives tailored for senior industry executives. Besides publishing on Deloitte Insights, his articles have been featured on Deloitte-Wall Street Journal platforms (the CFO/CTO/CMO Journals), the SEMI industry association, and the Houston Business Journal.

    • karramachandran@deloitte.com
    • +1 615 718 2961

    Share article highlights

    See something interesting? Simply select text and choose how to share it:

    Email a customized link that shows your highlighted text.
    Copy a customized link that shows your highlighted text.
    Copy your highlighted text.

    The changing face of North America’s tech ecosystem has been saved

    The changing face of North America’s tech ecosystem has been removed

    An Article Titled The changing face of North America’s tech ecosystem already exists in Saved items

    Invalid special characters found 
    Forgot password

    To stay logged in, change your functional cookie settings.

    OR

    Social login not available on Microsoft Edge browser at this time.

    Connect Accounts

    Connect your social accounts

    This is the first time you have logged in with a social network.

    You have previously logged in with a different account. To link your accounts, please re-authenticate.

    Log in with an existing social network:

    To connect with your existing account, please enter your password:

    OR

    Log in with an existing site account:

    To connect with your existing account, please enter your password:

    Forgot password

    Subscribe

    to receive more business insights, analysis, and perspectives from Deloitte Insights
    ✓ Link copied to clipboard
    • Contact us
    • Search jobs
    • Submit RFP
    • Subscribe to Deloitte Insights
    Follow Deloitte Insights:
    Global office directory US office locations
    US-EN Location: United States-English  
    About Deloitte
    • About Deloitte
    • Client stories
    • My Deloitte
    • Deloitte Insights
    • Email subscriptions
    • Press releases
    • Submit RFP
    • US office locations
    • Alumni
    • Global office directory
    • Newsroom
    • Dbriefs webcasts
    • Contact us
    Services
    • Tax
    • Consulting
    • Audit & Assurance
    • Deloitte Private
    • M&A and Restructuring
    • Risk & Financial Advisory
    • AI & Analytics
    • Cloud
    • Diversity, Equity & Inclusion
    Industries
    • Consumer
    • Energy, Resources & Industrials
    • Financial Services
    • Government & Public Services
    • Life Sciences & Health Care
    • Technology, Media & Telecommunications
    Careers
    • Careers
    • Students
    • Experienced Professionals
    • Job Search
    • Life at Deloitte
    • Alumni Relations
    • About Deloitte
    • Terms of Use
    • Privacy
    • Privacy Shield
    • Cookies
    • Cookie Settings
    • Legal Information for Job Seekers
    • Labor Condition Applications
    • Do Not Sell My Personal Information

    © 2023. See Terms of Use for more information.

    Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited, a UK private company limited by guarantee ("DTTL"), its network of member firms, and their related entities. DTTL and each of its member firms are legally separate and independent entities. DTTL (also referred to as "Deloitte Global") does not provide services to clients. In the United States, Deloitte refers to one or more of the US member firms of DTTL, their related entities that operate using the "Deloitte" name in the United States and their respective affiliates. Certain services may not be available to attest clients under the rules and regulations of public accounting. Please see www.deloitte.com/about to learn more about our global network of member firms.

    Learn more about Deloitte's work for the US Olympic Committee