The rise of mobile computing is fostering a fresh round of tech start-ups around the world, turning cities such as New York, Tel Aviv and Berlin into magnets for entrepreneurs hoping to cash in on the boom in smartphones and tablets.
A swarm of new mobile devices and the “cloud” that is needed to support them have together created big tech markets for international entrepreneurs, while also making it cheaper and easier to build freestanding businesses.
“Now the app stores have come along and all of a sudden it is possible to reach a billion consumers by just submitting your game to the app store,” said Ilkka Paananen, chief executive of Supercell, the Finnish games company.