The World’s Best Cities for Tech Startups
It’s estimated that up to 90 percent of all new technology companies fail. This means that if you aspire to launch your own tech startup, the odds are not in your favor. To increase your chances at a positive outcome, you may want to relocate to a tech startup environment—a tech hub that produces successful tech startups and scaleups at blazing rates.
These seven cities offer world-class events, resources, and venture capital to help tech startups succeed and achieve rapid and lasting growth. Join one to take your own tech startup to new heights!
• Bangalore is also known as India’s Silicon Valley. The city is a hub of successful high-value startups. Tech startup ecosystem’s members are well-trained and highly skilled. Bangalore ranked first in India and 21st worldwide among cities measured by the quality and quantity of startups and their business environments.
Metro population—12.48 million
Median household income—$14,900
Tech niches—Infrastructure and data innovation
• London produces more tech startups than any other European city. It’s estimated that 60 companies are launched in London every hour. Some experts contend that London is positioned to become the world’s next Silicon Valley.
The city offers tax breaks that make it easier to start companies and secure funding.
Metro population—14 million
Median household income—$64,743
Tech niche—Financial technology
• Melbourne is a world leader in education, healthcare, stability, environment, culture, and infrastructure. The University of Melbourne’s startup accelerator program was launched in 2012 and has since become the top such program in Australia.
Metro population—5 million
Median household income—$43,756
Tech niches—Business, financial technology
• New York City was ranked as the world’s second-leading tech ecosystem in 2017, and the third most valuable. The city is flush with venture capital, making it easier for tech startups to secure funding. The supportive tech community in the city supplies startup founders with the insights they need to hurdle obstacles and to grow quickly.
Metro population—20.3 million
Median household income—$71,897
Tech niches—Fashion, financial technology
• San Francisco, home of Silicon Valley, captures one-third of the venture capital investment in the U.S. The area’s entrepreneurial climate encourages collaboration, innovation, and risk-taking. Silicon Valley currently contains more than 2,000 technology companies, including the world’s leading tech giants. Startup founders can share insights related to hiring, financing, and more.
Metro population—4 million
Median household income—$92,139
Tech niches—Software, Educational technology, financial technology
• Tel Aviv is the business capital of Israel, and one of the world’s most active startup ecosystems. The city is home to 70 multinational tech corporate giants and is a hotbed for mobility and cybersecurity technology.
Tel Aviv’s startup ecosystem is a close-knit community. Support groups exist for nearly every topic and interest, allowing members to share information easily and to learn from each other.
Metro population—3.85 million
Median household income— $59,373
Tech niches—Mobility, cybersecurity
• Toronto is home to one-third of Canada’s information technology companies, with an annual economic output totaling more than $52 billion. Toronto is poised to become one of the world’s leading hubs for technological innovation.
A rapid influx of technology-oriented businesses is occurring in Toronto, likely due to its educated population—150,000 students live in the metro area.
Metro population—6.41 million
Median household income—$78,373
Tech niches—Biotechnology, financial technology
What cities did we miss?