Silicon Valley remains the most globally-renowned location for new start-ups in the technology sector, with over $27 billion in venture capital funding pumped into the region in 2015.
While there are a number of global locations which aspire to create the environment necessary for start-ups to prosper - London has its own tech incubator - Barcelona is emerging as the biggest potential rival to Silicon Valley according to this article from Inc.
"One unsuspecting European city has become a flourishing capital of entrepreneurship. It's a place shaped by its historic past, where some of the world's greatest artists, thinkers and explorers collided to create history as we know it. That city is Barcelona, and it's gearing up for a tech revolution."