Many different countries have attempted to copy Silicon Valley (and failed). These attempts usually consists of incentivizing entrepreneurship and related activities. Silicon Valley achieved its prominence after billions of dollars invested in military technologies was cut, and many well-connected engineers became unemployed in the same area.
Future AR/VR technology could enable individuals to choose their realities. In the face of automation, meaningless jobs within these realities will likely emerge. Basic Income would ensure these jobs are not exploitative.