Silicon Valley, also known as the home of many international tech giants such as Apple, Intel, Google, Facebook, and Twitter, have long been the world’s favourite tech startup place. The latest ranking shows that Silicon Valley continues to dominate as the world’s best place for startups, ahead of other rival cities including New York, Los Angeles and Boston, according to the Global Startup Ecosystem Ranking 2015. While Berlin has been ranked as the fastest growing startup hub in the world.
The Ranking, released by Compass is based on the survey of 11,000 global startup companies more than 200 entrepreneurs worldwide. It measures each major city’s Performance, Funding, Talent, Market Reach, and Startup Experience. Although China, Taiwan, Japan, and South Korea are not included in the ranking yet due to the language barrier in collecting responses.
Here are the top 20 startup ecosystems:
Silicon Valley have remained its leading positon since 2012, with other US cities dominating the top 10 places. But it can still be seen that the significant rise of startup ecosystems in cities around the world, with Tel Aviv in 5th, London 6th, Berlin 9th, and Singapore 10th.
The report also indicates that German capital Berlin jumped 6 spots from 2012 to 9th position in 2015. The city also achieved score of 10 out of 10 on the Growth Index, representing the fastest growth rate among all the measured startup ecosystems – surely that’s another achievement for the nation after Germany being named as the world’s favourite country.
Compass reports that by achieving over $2 billion VC investments last year, the startup ecosystem in Berlin attracted even more growth capital then London – representing second highest in Europe and 8th in the world. Now Berlin also has the second best startup experience in Europe, with 26% higher percentage of employees in German companies with prior experience in a startup and the highest number of advisors with equity in Europe.
This article was syndicated from Business 2 Community: Silicon Valley Ranked As Best Startup Place, While Berlin Becomes The Fastest Growing Startup Hub
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