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Comment on UK Government plans to create a "Silicon Valley" in London

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When asked can Chile make a Silicon Valley by pouring money into it?, the Chilean minister of economy speaking at Stanford responded that unlike other countries (such as Russia, and now UK) Chile will try the following instead of pouring money into it: 1. Create Role Models (Young Chilean entrepreneurs that succeed) 2. Reform the laws (bankruptcy and immigration laws) 3. Invest in Universities to promote technology 4. Start networking programs with Silicon Valley (for example they brought a bunch of their entrepreneurs here to work for a while, and are taking some entrepreneurs from here to mix the cultures).

In general he also said that they need to remove the negative view of failure somehow, which doesn't exist in silicon valley, but they haven't figured out how to approach this one yet.

Yes. I also caught an interview with Chile's president the other day. It contained remarkably little bullshit for a politician (almost nothing). The interview was about the miners' rescue.

I found the Chilean minister of economy's talk quite interesting and smart, but I guess his audience was Stanford students and not the general public, so he could talk differently.

That may be true. Even some politicians I heard at home where quite reasonable.

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