Here are the top Startup scenes that are growing communities
of startup businesses, angel and VC investors:
VALLEY - Remains the gold standard for startup ecosystems.
- As the top startup breeding ground on the east coast,
new york city rivals SV.
FRANCISCO - Lots of startup guru's already make San Fran
their base of operations, mainly due to the close proximity
- Seattle has one of the most robust tech foundations of
anywhere outside the bay area. Large concentrations of extremely
bright people from a variety of fields make it there place
of business. Local companies like Amazon and Microsoft put
Seattle on the map. Although it dropped from its #4 rank
in the last report, the tech space here is responsible for
about 12% new job growth in the last two years, according
to the state's Employment Security Department.
- Portland has emerged as one more than just a cultural
hub. It's now becoming a growing startup hub.
- PortlaWaterloo has one of the strongest connections to
Silicon Valley. Lots of people from Waterloo end up working
in SV and sometimes visa versa.
- Has been leading the north for years with a strong network
of VC's and Angel investors.
While not as large of a startup hub as London or Berlin, Amsterdam's
startup infrastructure has attracted successful companies
like Startupbootcamp a global network of startup accelerators.
Vancouver today is powered by software development, biotechnology,
and entertainment. By contract, its local economy used to
be sustained by mining, forestry, and shipping industries.
up-and-coming startup Slack opened an office there because
of Canada's immigration policies and a time zone in Canada
that matched up to San Francsico, according to the report.
Toronto is down nine spots since the 2012 rankings due to
its slower growth. According to Compass, the most economically
dominant city in Canada could be more competitive with better
access to venture capital in the area.
Successful companies like Atlassian, Campaign Monitor, and
Freelancer.com demonstrate Sydney's potential for solid startups.
Two-thirds of the startup activity in Australia happens in
this city, according to the report.
performance, funding, and market statistics would make it
an even stronger contender, Compass suggests.
The third most populated city in India, once known as "the
world's back office," is the startup leader in the country.
Indian hub of Bangalore has had explosive growth in the
last few years," the report notes.
Austin was first recognized as a tech hub thanks to industry
titans like IBM and Dell. Here, talent in the area is not
only proficient but also less expensive than the North American
consistent performance in the tech sector has led to a tech-savvy
workforce, counting over 100,000 people, a high number considering
its 1.8M population," the report noted.
In Russia's capital city, startup culture is an emerging movement.
With some of the best software engineers in the world, Moscow
has created companies like Yandex, which is comparable to
a Russian Google, and Mail.ru.
higher education infrastructure feeds the ecosystem with
some of the best software engineers in the world, namely
taking the top spot in the TopCoder challenge," the
A vibrant city called home by more than 20 million people,
São Paulo boasts the best quality talent in South America.
city has around 20 million people and is a vibrant cultural
and financial hub with more than $2 billion in daily trade
on its local stock exchange," the report noted.
the city has improved its rank since 2012, it faces several
challenges to entrepreneurship, including economic downturn,
investor confidence, and high costs.
With the help of public grants, subsidies, and loans, Paris
has maintained its #12 rank for its startup ecosystem. Entrepreneurs
in the French capital are largely interested in the sharing
economy, collaborative consumption, and artificial intelligence.
of the ecosystems recent success stories are Criteon
(worth more than $2B) and BlaBlaCar (undisclosed valuation,
but expected to be the next French billion dollar company),"
the report stated.
is because of these and many other great startups that Paris-based
entrepreneurs are beginning to attract attention from U.S.-based
Today, Singapore is one of the world's top financial centers.
government's support of the local startup scene has played
a large role in its speedy development, according to Compass.
geographic location and deep business relationships with
booming Asian markets means local startups benefit from
access to affluent consumers and multinational corporations
to scale their business," the report stated.
Berlin's tech environment ramped up after 2010 and has moved
in the rankings since 2012 when it was #15. Here, startups
could create as many as 40,000 new jobs by 2020.
in the Berlin ecosystem have historically been successful
in markets like e-Commerce, gaming, and marketplaces, with
new startups showing potential in other verticals such as
SaaS and adtech," the report noted. "A strong
creative scene and low living costs have resulted in a soaring
inflow of national and international tech talent."
Up from its #10 rank in 2012, Chicago is picking up steam
and has between 1,800 to 3,000 active startups.
key reason for Chicagos growth is, without a doubt,
the exceptional success of a few local startups," the
report stated. "Chicago is the birthplace of Groupon
and GrubHub, and is currently home to over ten unicorns
startups with a valuation over $1 Billion."
London has risen in the ranking since the last report when
it was #7. Tech City UK, a government-funded startup initiative,
suggests London-based startups alone could make 10,000 jobs
in the latter half of 2015.
London startup ecosystem stands out for its exceptional
access to affluent consumers and powerful corporations,
solid funding landscape, and ambitious government initiatives,"
the report stated.
- Tel Aviv,
Compass attributes Tel Aviv's focus on tech to its proximity
to Tel Aviv University and the Israeli Defense Forces. But
it also notes that Israel's performance could benefit from
more international talent, which is 40% lower than in Silicon
Boston distinguishes itself from other tech hubs on this list
by focusing on life science, biotech, robotic, and pharma-related
enterprises, where it is a worldwide leader.
city has also been successful at producing enterprise software
and big data companies," the report stated. "Entrepreneurs
in Boston generally benefit from a dense network of mentors
and supportive organizations such as Bolt, Techstars Boston,
Harvard Innovation Lab, and MassChallengethe latter
claiming to be the largest startup accelerator in the world."
- Los Angeles
Orange County, US
Snapchat and Tinder are among Los Angeles-Orange County's
city is estimated to have 200,000 engineers hailing from
a variety of talent pools such as the California Institute
of Technology," the report noted.
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