US CITIES WITH CASH for startups is just the beginning of the story. Worldwide there is a slowly emerging competition for the hottest startups and the race has started. Across the globe, city leaders have got the message: Tech SMEs can drive new Knowledge Economies on a large scale and (hopefully) sustainably. Across the world now, cities are competing for talent. The world is flat, and opportunities are emerging for entrepreneurs seeking capital.
http://www.thefiscaltimes.com/Articles/2013/07/16/Need-Startup-Cash-These-Cities-are-Full-of-Investors.aspx#page1