Adeo Ressi is CEO of the Founder Institute, an idea-stage incubator for high-tech entrepreneurs with chapters in more than 50 cities worldwide, including Perth.

Based in Silicon Valley, the institute launches 1,000 companies worldwide every year.

Mr Ressi says it’s likely another tech hub will be housed somewhere in our region in the near future, with Perth competing with places such as Sydney, Singapore, Kuala Lumpur and Manila.

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