When eco-systems begin, there are a lot of different factors affecting the performance. Startup eco-systems that are similar can work differently in different parts of the world. Resources, culture and diversity of employees can affect the first steps of the system. Here are the top 7 eco-systems in the world.
Silicon Valley has become one of the best-known startup ecosystems in the world. The nickname is given to the southern part of the San Francisco Bay Area. The nickname started when there was a large amount of silicon chip manufacturers in the area. It’s not just home to hundreds of startups. Many of the world’s high-tech corporations have their headquarters here. Despite being formed in 1956, Silicon Valley is still the strongest ecosystem for startups in the world. The area accounts for one-third of the venture capital in America. In 1995 when the internet was open for the public to use, internet startups began life in the Valley including Amazon and eBay.
Tel Aviv was founded by a Jewish community in Israel around the port town of Jaffa. Tel Aviv has grown to become one of the largest startup ecosystems in the world outside of America. It is the country’s financial capital and the second largest economy after Dubai. It is the city that never sleeps and works hard to promote creativity for startups. It is not just a centre for business. Tel Aviv has been voted as a top tourist destination. There are more than 700 early stage startups in Tel Aviv at any time and nearly 5,000 startups in total. Some of the more impressive startups include Roomer, GetTaxi and Ginger.
The second largest city in the United States is known as the centre for film and TV production. There are hundreds of jobs available in over 800 different startups. Recent successful startups including Nasty Gal Clothing and Whisper. Each received over $45 million each for starting up. Los Angeles has a large online community on different platforms to help promote all startups. Events can be found all over the city where startups can promote their business to investors. Due to a large number of tech startups in the area, Los Angeles has been given the nickname Silicon Beach. It has been considered one of the best areas for new companies after Maker Studios was bought by Disney for $950 million.
The coastal seaport city has seen a massive rise in startups in the last few years. The city has a long history of manufacturing dating back to the Klondike gold rush in the late 19th century. The Great Depression in the 1930’s damaged the city’s economy but since World War II it has bounced back. From the 1980’s startups have begun appearing in the city. Amazon and T-Mobile US are now based in the area. There are over 900 startups in the area and the city has hosted events for help attract investment for these companies. Many of the startups are in games and software, but many are in manufacturing business.
New York City has a population of over 8 million people and is known as the city that never sleeps. It is one of the most densely populated cities in the United States. There are nearly 6,000 startups in New York City alone, making it one of the fastest growing ecosystems for startups. The city boasts a lot of tech startups which could rival Silicon Valley. But there are plenty of other startups in different industries. There is a good relationship between the public and the private sector. The Mayor of New York has publicly backed the city’s startup community. The partnership has helped many of the businesses to get started with public investment.
Boston is one of the oldest cities in the United States and its brave attitude can be traced back to the Revolution. There are over 2,000 startups in the Boston area and this number keeps growing. The city regularly hosts events for businesses and the startups are included too. Boston is growing its network across the country to attract investors for new business. One of the reasons that the startup scene is so good in the city is the amount of talent. Some of the top Universities are in the area and former students are using the what the city is offering to create new and exciting companies. Big brand startups from the area include Trip Advisor and Zipcar.
London is the capital of the United Kingdom and was first formed by the Romans 2,000 years ago. Since then the city has continued with its Roman roots and keeps growing. It is one of the world’s leading financial areas so it’s not surprising that startups do well here. London has many events for startups throughout the year including “The Silicon Milkroundabout” event. London hit an important milestone recently when the city’s startups generated over $600 million between January and March 2015. This rapid growth of startups in Britain has made London the city to watch. Although the amount of money is small compared with other ecosystems, London startups think internationally rather than local.