Three Canadian Cities Ranked Top 20 Most Active Startup Scenes (Infographic)

Canada is climbing the international ranks when it comes to startup activity.

According to Startup Genome’s Startup Ecosystem Report 2013, three Canadian cities rank among the top 20 most active startup scenes in the world, with Toronto in 8th and Vancouver following closely behind in 9th. Waterloo also made the list in 16th place, by far the smallest city to make such a big splash in the startup world.

It shouldn’t come as a surprise that Silicon Valley tops the list, sitting among five other American cities in the top 10, Los Angeles, (3rd) Seattle, (4th) New York City, (5th), Boston (6th), and Chicago (10th). But there are a few surprises sitting between the major American startup hubs.


Tel Aviv, the only city to crack the top 10 outside of North America, placed second behind only Silicon Valley. A few other surprises include Sao Paulo in 13th place, Singapore in 17th, Bangalore in 19th and Santiago in 20th place.

Startup Genome ranked cities based on eight criteria; startup output, funding, performance, entrepreneurial mindset, trendsetting, support, talent, and differentiation. Silicon Valley ranked first in every category.

Toronto ranked third overall when it came to performance and support, while Vancouver’s score was pumped up by its 2nd place ranking in the entrepreneurial mindset category, as well as a 4th place rank for talent. Waterloo’s highest individual rankings are 10th for trendsetting and 11th for output.

The study also found that Waterloo is the number one destination for entrepreneurs leaving the Valley, with 35 per cent of CEOs having lived there previously, followed by Singapore’s 33 per cent and Toronto’s 31.


Source: Entrepreneur
Via: TechCrunch

Jared Lindzon

Jared Lindzon

Jared Lindzon is a freelance journalist and public speaker based in Toronto. Lindzon's reporting focuses on the future of work, technology, entrepreneurship and innovation. Beyond his regular columns in Fast Company's WorkLife section and The Globe & Mail's Careers section, Lindzon has also been featured in The New York Times, The Guardian, The BBC, TIME Magazine, Rolling Stone, Fortune Magazine and many more. As a public speaker, interviewer and moderator Lindzon frequently shares the insights he's gathered through his reporting at conferences and events around the world. Lindzon received an MA in Journalism and an Honours BA in Media Studies from Western University.

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