Eastern Europe became a hot-bed for technology start-ups. This is one way it d >

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You understand your country is which makes it as a technology innovation hub when Silicon Valley businesses purchase your home-grown startups for a hefty cost.

The US-based fitness tracker maker, acquired Vector – a smartwatch maker founded in 2013 that launched its products two years later – for $15 million so it was in January when Fitbit.

In Berlin, Paris and London, such news would scarcely make reporters break a perspiration, nevertheless when the nation under consideration ended up being Romania, individuals sat up and took notice.

Were only available in Bucharest, Vector utilized regional skill to design while making its smartwatches, then launched a London workplace – a tactic that increases main and eastern European businesses’ presence (and credibility).

Mike Butcher, TechCrunch’s editor-at-large, stated: “Unfortunately, finding a call from some body whose HQ is in Bulgaria does not fundamentally encourage self- self- self- confidence, but in the event that you obtain a call from some body in London providing a tech solution, you’ll never know.”

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