The dramatic growth in automation has helped to boost one of the most attractive and exciting features of the technology sector: the spirit of innovation and entrepreneurship. The industry has been a big draw to ambitious individuals with good ideas and the determination to be authors of their own success.

The US has traditionally been viewed as the spiritual home of the entrepreneur, so it is perhaps not a big surprise that the majority of new businesses tend to come from this region. Having said that, the rest of the world is fast catching up and challenging the supremacy of the US in this area. Singapore, Tel Aviv in Israel, and London in the UK are all considered some of the most exciting and rapidly growing sources of entrepreneurs.

This global trend has also been reflected in patterns of investment. A recent report by the software provider Compass suggested that 37% of all funding rounds between 2013 and 2014 involved at least one funding source from another region.

It is not just a case of quantity either, as the quality of the start-ups appears to be increasing as well. At least, it is if exit values are anything to go by. This measure is essentially the value of the proceeds when an asset or business is sold. According to Compass, these values rose between 2012 and 2014 by an average of 78%. Again, this pattern is happening from a global point of view, with the value of start-ups in London doing especially well, quadrupling since 2012.

Not surprisingly, the UK Government and others across the business world want to encourage this trend, and we have seen a number of measures put in place to help boost this remarkable growth. Support for new businesses including mentoring and other guidance, and Government-backed Start Up Loans are just a couple of examples of this.

With all this in mind, it is fair to say that there has rarely been a greater appetite for entrepreneurship, nor a more exciting time to make that bold step in setting up your own business.