The
Startup Genome project collects data on startups to generate data on the world's top entrepreneurial ecosystems. A year in, Toronto ranks number four on the list, coming in behind Silicon Valley, New York City and London.
"In terms of the overall health of the global economy, these fertile startup ecosystems are essential, as they have the potential to become both regional and global engines of job creation. In the US, for example, companies less than five years old created 44 million jobs over the last three decades and accounted for all net new jobs created in the US over that period, according to the White House."
"In compiling its data, the team has begun to uncover valuable insights into the strengths and weaknesses of the world's startup ecosystems, and as the study progresses, the founders say they hope it will continue to 'yield insights for entrepreneurs deciding where to start their company, investors deciding where to allocate their capital, large companies looking for acquisition targets, and policymakers who want to make their entrepreneurship ecosystems flourish.'"
The rest of top 10 includes Tel Aviv, Los Angeles, Singapore, São Paulo, Bangalore and Moscow.
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Original Source: TechCrunch