Grow Your Own Silicon Valley

The dot.com boom may have gone bust for the moment, but that is not stopping governments from wanting to encourage their own high-tech industries.

SAN FRANCISCO: The dot.com boom may have gone bust for the moment, but that is not stopping governments from wanting to encourage their own high-tech industries. Many countries, indeed, are envious of Silicon Valley outside of San Francisco, the world's center of the computer, software, and Internet industries. Microsoft's huge investments in Cambridge, England, and the $200 million Bill Gates gave its ancient university for scholarships for technology students from around the world, helped Cambridge become a powerful center of technological innovation. Cities and university towns everywhere now want to get into the act.

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