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Technology Silicon Valley, New York, London: These are the startup strongholds of the world

05:30  27 july  2020
05:30  27 july  2020 Source:   finanzen.net

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Silicon Valley is a region in the southern part of the San Francisco Bay Area in Northern California that serves as a global center for high technology, innovation, venture capital, and social media.

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The "Global Startup Ecosystem Report 2020" by the consulting firm "Startup Genome" lists the best cities for startups. While Silicon Valley was able to defend its position at the top again, Germany's top location Berlin dropped significantly in the ranking.

TORU YAMANAKA/AFP/Getty Images © Provided by Finanz.net GmbH TORU YAMANAKA / AFP / Getty Images

In this year's report, Startup Genome examined nearly 300 "startup ecosystems". This analysis resulted in a ranking of the 40 global leaders and a list of the 100 emerging locations. The quality of such an ecosystem is measured by various factors, which are different in the respective areas. This includes the performance, financing options, market reach and networking of the ecosystem, as well as the concentration of talented specialists there, the research carried out and the quality of the registered patents.

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“One can now start a company in New York City, and find top venture capital firms and a thriving tech “ These are the fast-growing, high-paying industries that represent the future of our city, but New York startups also raise 27% more in the scaling stage than both London and Silicon Valley .

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The top locations in the world

Number one in the ranking and thus the mecca of the startup scene is the well-known Silicon Valley. Since the first Global Startup Ecosystem Report in 2012, it has led the top group as the undisputed top location. Except for networking, Silicon Valley fulfills all factors with top marks.

place two must share two cities. As a result, New York City and London fought a head-to-head race in which neither of them could prevail. The slight weakness of these ecosystems lies in the number and quality of the existing patents and the research carried out. Nevertheless, the development of London is quite remarkable. The British capital has risen from eighth to second place since 2012. In addition to high investment activity, the driving force behind the success was the strong influx of talented people.

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Most people know about the startup scenes in Silicon Valley , New York , London , even Berlin. No offence to these giants but there are many more places Today we present Founded X, the ultimate tribute to underdog startup scenes. All countries in the world have their own unique advantages and

Until recently, Silicon Valley was a tech startup founder's only option for scaling fast. New York City is home to the world 's leading financial institutions and nearly every other imaginable industry The numbers reflect this sentiment, as NYC startups raise 27 percent more in the scaling stage than both

The remaining places in the top ten are occupied by the cities of Beijing, Boston, Tel Aviv, Los Angeles, Shanghai, Seattle and Stockholm.

Ascending ecosystems

Ascending ecosystems primarily include European cities. Apart from London, Amsterdam and Stockholm have also made impressive progress. While Amsterdam was still number 19 in the ranking in 2015, it climbed to number 12 in this year's report. The advantages of the Dutch capital lie in its very good logistical and social networking. Stockholm, on the other hand, made its debut in 14th place in 2017 and has now even climbed into the top ten. According to the startup genome, the performance of the Swedish ecosystem was particularly driven by a large number of exits. For this reason, Stockholm is the second best startup location in Western Europe behind London.

In addition to the European leaders, the cities of Shanghai, Seattle and Washington, D.C. to the ascending ecosystems.

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This has several implications for managers. First, many of the key resources found in Silicon Valley The past decade or so has seen the dramatic growth of startup ecosystems around the world , from The third shift is the Great Urbanization of startup activity and venture capital activity in the largest

Silicon Valley , once the dream destination for setting up tech startups , is losing its sheen for many. More and more countries around the world are There is always some exciting new startup coming up in this part of the world , thanks to various incubators for entrepreneurs such as StartupLab and

Berlin loses importance

Berlin can be seen as one of the losers in the current Global Startup Ecosystem Report. The German capital lost six places compared to the previous year and slipped from tenth to 16th place in the ranking. His weaknesses are mainly in the area of ​​the market reach and the existing patents. At the European and global level, Germany's top location is becoming less important. In addition to London, Stockholm and Amsterdam, Paris also ranks ahead of Berlin in the ranking.

Despite the descent from Berlin, Germany is one of the six countries that were able to hold their own with several ecosystems in the ranking. As another global top city, Munich ranked 31st. As a result, the Bavarian location also fell five places compared to the previous year, but it was still able to remain among the 40 best ecosystems. In addition, Hamburg, Frankfurt, Stuttgart and the Rhineland placed other German ecosystems in the top 100 emerging locations

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