Austin, Texas, for instance – itself still a far cry from New York or Silicon Valley – gets $100 per capita in venture capital funding for its startups each year, more than triple what New Orleans companies command.
Service Birmingham, the joint venture with Capita that provides services for Birmingham city council, has been asked to abandon plans to offshore IT and other jobs.
An independent organisation will be commissioned as soon as possible to investigate whether Service Birmingham, the council's joint venture with Capita, is delivering value for money.
It is part of the authority's contract involving Service Birmingham, a joint venture partnership between Capita and the council.
Israel has more companies on Nasdaq than any country beside the US and China, and it attracts more venture funding per capita than anywhere in the world.
How does Israel, a small country with roughly 8 million people, produce more tech startups and receive more venture capital per capita than any nation in the world?
And while Israel has 30 times the venture capital per capita of Western Europe, several foreign investors have started to pull back on the market, as returns have waned over the last ten years.
Though it ranks 14th in venture capital investment per capita, it comes in 47th for high-tech jobs and 81st in patents per capita.
Meanwhile, Capita runs Service Birmingham, a joint venture with the council that provides IT services.
"At the moment there is more venture capital invested per capita in Israel than anywhere else, including Silicon Valley," he says.
