Source: Global Startup Ecosystem Report 2022
As per the report, Silicon Valley remains the best city in the world for startups. It boasts an unparalleled tech ecosystem and abundant venture capital. Successful startups: Apple, Google, Facebook.
New York City and London both shared the second rank and are the second-best cities for startup ecosystems. Successful startups: WeWork, Fireblocks.
The financial and tech hub of Europe, London attracts startups with its skilled workforce and diverse opportunities. Successful startups: Revolut, TransferWise, and Deliveroo
Boston is the third-best destination for startups and the strongest startup industries in Boston are Life Sciences, Robotics and advanced manufacturing. Successful startups: Electra Vehicles, Ensoma, Codametrix.
Beijing is the fourth-best city in the world for the startup ecosystem. In 2019, Chinese companies overtook Silicon Valley in terms of the number of startups. Successful startups: ByteDance, Horizon Robotics.
One of the main reasons that make Los Angeles an incredible city for startups is the availability of startup funding in the city. Successful startups: Bambee, SpectrumAi, Orange Comet.
Dubbed "Silicon Wadi," Tel Aviv fosters innovation with a high concentration of startups and tech-focused investors. Successful startups: Wix, Mobileye, and Fiverr
India entered the top 30 for the first time at No.26. Several Indian ecosystems have risen in the rankings, most notably Delhi and Bangalore. Delhi rose 11 places as compared to 2021 and Bangalore moved up one place to No. 22.