We at Yostartups have collated the top startup cities in North America for your tech business ideas. The global startup ecosystem has seen an unprecedented growth in recent years. The year 2017 saw an investment of over $140 billion in the global startup scene, making it the highest amount in the past decade. The overall value of the worldwide startup ecosystem saw an increase of 25.6% in the period between 2014 and 2016 at $2.3 trillion.
While Silicon Valley is the first name that pops up when one thinks of the top startup ecosystems, several other cities have risen to the same level as Silicon Valley and even outdone it in some aspects. With the rise of co-working office spaces, business incubators, and accelerator programs, startups have no shortage of resources to help them grow.
Here are the top 11 cities whose startup ecosystems are shining brighter than ever. The data in the list is based on the Global Startup Ecosystem Report 2018 by Startup Genome and weighs out the city based on factors like know-how, market, government support, talent, infrastructure, and regulations.
Atlanta for Startup Ventures
The capital of the state of Georgia, Atlanta is an ideal city for startups in the automotive, energy, media, and tech sectors. The tech startup ecosystem in Atlanta boasts of unicorn companies like Kabbage and Greensky, and is home to more than 25 Fortune 1000 companies. The city boasts of three unicorn companies and has soaring fintech, adtech, and AI, Big Data & Analytics sectors. Do you want to know more about this startup ecosystem, startup job openings and business ideas that can find backers here? Click here to read in depth coverage of startups and entrepreneurial drivers of this city.
Austin for Startup Business Ideas
Austin bags a place in the top 11 cities for startups owing to the startup-friendly infrastructural framework of the city. This startup ecosystem has all the required elements for startups to thrive. Startups in Austin can enjoy low tax rates, affordable real estate, and access to resources that are especially directed for startups. The ecosystem got funding of more than $1.2 billion in 2017 and is a global leader in the area of digital commerce and payment solutions. Do you want to know more about this startup city and business ideas that can flourish here?
Boston For Startup Entrepreneurs
Boston earns itself a place as one of the top startup ecosystems owing to the strong talent pool it has. MIT and Harvard ensure a steady supply of talented human resource capital in this startup hub. The city has many ecosystem partners nurturing the startup culture in various ways and a tech sector that is doing exceptionally well. Do you want to know more about this startup city and business ideas that can flourish here? Click here to read in depth coverage of startups and entrepreneurial drivers of this city.
Chicago for Launching Your Tech Startup
The windy city has topped the list several times when it came to the funding received. Chicago is an ideal city for those who are looking to start their venture in a place that attracts funding. The startup ecosystem got venture capital funding of $1.5 billion last year and has an array of support organizations that help startups in many ways. Startups in Chicago also hit the jackpot when it comes to local availability of talent owing to universities like the Illinois Institute of Technology, University of Chicago, and Northwestern University. Do you want to know more about this startup city and business ideas that can flourish here? Click here to read in depth coverage of startups and entrepreneurial drivers of this city.
Houston for Launching Your Business Ideas
The next city in our list of top cities for startups is Houston, home to NASA facility and close to 2000 startups. Houston’s ability to attract ample funding and the fourth largest concentration of corporate in America are two factors that have propelled the growth of this startup ecosystem. Do you want to know more about this startup city and business ideas that can flourish here? Click here to read in depth coverage of startup culture and entrepreneurial drivers of this city.
New York City for Launching Your Startup Business Idea
New York City takes places as the second largest ecosystem in the world with more than 7000 startups. The startup ecosystem also boasts of the maximum number of unicorn companies as well after Silicon Valley and is valued at a whopping $71 billion. The tech sector is the most prominent sectors in the ecosystem which has created more than 326,000 jobs. Health & life sciences, cybersecurity, and advanced manufacturing and robotics are the shining niches within the tech sector. Do you want to know more about this city, startup job openings and business ideas that can get corporate backing or investors? Click here to read in depth coverage of startups and entrepreneurial drivers of this city.
Los Angeles for Launching Your Online Tech Startup
Trailing right behind New York City is Los Angeles as the third largest startup ecosystem in the world. The high concentration of engineers has given a boost to the region’s tech sector. Los Angeles has some of the most beautiful shared office spaces and is also home to more than ten unicorn companies. Do you want to know more about this startup ecosyte, startup job openings and business ideas that can find backers here? Click here to read in depth coverage of startups and entrepreneurial drivers of this city.
Phoenix for Starting Your first Startup Venture
The startup ecosystem in Phoenix emerges recently and how! For entrepreneurs looking for a city that has a startup-friendly government should look no further than Phoenix. The capital of the state of Arizona, startups in Phoenix can take advantage of several government policies and initiatives that have been set up help the ecosystem grow. Do you want to know more about this startup city and business ideas that can flourish here? Click here to read in depth coverage of startups and entrepreneurial drivers of this city.
Seattle for Launching a Technology Business Idea
Seattle’s economy has grown manifold, thanks to the presence of tech giants like Amazon and Microsoft. Known for its cleantech; AI, Data & Big Analytics; and Advanced Manufacturing and Robotics sub-sector, the city is one of the top ecosystems when it comes to concentration of tech workers. Seattle’ startup ecosystem has gained a lot of attention in the recent years not just from local investors but from those outside the city as well. Startups in Seattle raised more than $1.5 billion in 2017, and the ecosystem comprises of two unicorn companies. Do you want to know more about this startup city and business ideas that can grow best in this ecosystem ? Click here to read in depth coverage of startups and entrepreneurial drivers of this city.
Tampa Bay For Entrepreneurial Ventures
Another growing startup hub, Tampa Bay has the perfect mix of the cultural, legal, and infrastructural framework for entrepreneurial ventures to grow and flourish. According to a report by KPMG, Tampa Bay is one of the top ten cost friendly cities for businesses and one of the top three when it comes to low labor costs. Last year, the startup ecosystem brought in venture capital investments of $150 million. Do you want to know more about this startup city and business ideas that can flourish here? Click here to read in depth coverage of startups and entrepreneurial drivers of this city.
Toronto-Waterloo Corridor for Launching Your Startup In Canada
The Toronto-Waterloo region is the most innovative region in Canada and is home the head offices of several tech and finance giants. The area comprises of some of the most dynamic cities in Canada and has been developed in partnership with ecosystem partners like MaRS and Communitech especially for the startups in the region to grow. It has ample sources of human as well as monetary capital and a number of favorable tax policies for businesses to grow. Moreover, Canada has a special visa especially for immigrant entrepreneurs to move easily to the country. Do you want to know more about this startup city and business ideas that can grow here? Click here to read in depth coverage of startups and entrepreneurial drivers of this city.
Startup ecosystems are multi-dimensional and the growth of each of them depends on many factors. If you are an entrepreneur looking for the right city to move to start your business venture, make sure you evaluate all the factors before making a decision. These factors should include government policies, connectivity, availability of talent, operational cost factors, cost of living, funding sources, and presence of incubators and accelerators among the others.
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