Fastest growing startup ecosystems by city

Based on the Startup Ecosystem Rankings Report 2019, many cities have emerged as the fastest-growing startup ecosystems when compared to 2017. We have already celebrated the top-ranked startup ecosystems by countries and by cities, but have never had a chance to celebrate the locations with the massive jumps in the rankings. And we are not talking about dozens or a hundred locations. In this article, we will be looking at the cities around the world that skyrocketed by 400 or more places up.  

The Report has proved to be useful not only for entrepreneurs looking for their next business stop but the government and municipalities across the world striving for innovation as well. Hence, we hope that this mention of the fastest-growing can serve as a source of motivation to keep on building and strengthening the ecosystems.   

We will start off by presenting the biggest regional jumps in North America, Asia, Europe, and South America.

North America: 24 cities

North America remains strongly positioned at the top of the rankings. It does not only boast with the #1 startup ecosystem in the world, USA, and Canada standing at #3 but seems to have the highest number of cities with biggest jumps. Even though that sounds impressive, the results are not that shocking knowing that the USA only has more than 400 cities, or over 40% of the total number of ranked cities on the map, based on the Startup Ecosystem Rankings Report 2019. In comparison, no other country has more than 50 cities in the rankings. 

The startup ecosystem scene is massively dominated by North America and these are the 24 cities that increased by 400 and more spots: 

CountryCityRank (2019)Change (from 2017)
USAPalm coast743406
USACalabasas739411
USATyler579411
USAMonroe572427
USAIdaho Falls737430
USAPrescott589437
USAWhite Plains518444
CanadaBritish Columbia 654452
CanadaWindsor630454
USADaytona Beach 570463
USABroomfield643508
USARancho Cucamonga430508
USAErie 611544
USAWinchester 470553
USAElk Grove 551554
USAHarrisonburg  619556
USAGreen Bay490589
USAConcord405595
USASanta Clarita   526607
USACheyenne  524646
USAHayward 443653
USABrookhaven425675
USAMarietta 363715
USAFairfield387741

Asia: 20 cities

Unlike for North America, rankings in Asia have shifted to a great extent. Some of Asia-Pacific top-ranked countries lost momentum. For instance, Singapore is no longer ranked 1st in Asia-Pacific, dropping 11 spots to 21st and falling out of the top 20 club. Luckily, there is one Asian country making a swift climb in the rankings: India has climbed 20 spots and is now ranked 17th. More good news arrives from several Asian countries, namely Thailand (33rd), the Philippines (54th), Pakistan (61th), and Bangladesh (87th), all increasing their rankings by 15 spots or more. New Zealand is also gathering momentum, increasing its ranking by 20 spots. 

Asia might not be as powerful as its neighbor continent across the ocean but looking at the bigger picture, it is obvious that the cities are waking up and making massive jumps! Here is a list of the most impressive rises across the continent: 

CountryCityRank (2019)Change (from 2017)
IndiaFaridabad379417
IndiaCoimbatore456432
IndiaMansa  735437
IndiaJodhpur 475441
IndiaNagpur339453
JapanKyoto380423
IndonesiaDenpasar502440
BangladeshDhaka300500
IndiaThiruvananthapuram388504
JapanYokohama301514
IndiaLucknow273520
IndiaVadodara369521
ChinaChengdu527525
IndiaBhubaneswar382535
IndiaBari344542
ChinaXiamen 511581
IndiaGhaziabad 308583
Beirut  Lebanon205589
IndiaSurat295594
PhilippinesManila Area84822

Europe: 12 cities

The positive notes continue with Europe that has witnessed some wild growths. To begin with, an impressive number of 19 countries in the top 30 countries club; the Netherlands’ jump to the 6th location, Finland’s notable rise of 7 spots to 12th, Serbia’s impressive 13 spots grow to 36th and Luxemburg’s climb of 12 spots to 53rd. Despite an intensive competition from other emerging economies, Europa seems to keep up the momentum. 

There are 12 European cities that made a leap in the rankings, including countries with the most powerful economies in the continent, as well as the ones that are still in the process of development. 

CountryCityRank (2019)Change (from 2017)
ItalyGenoa554406
UkraineKharkiv435442
The NetherlandsEde  707450
FranceAnnecy581451
FranceStrasbourg338464
GermanyBonn571464
SpainSantander675470
SpainOviedo690486
UkraineDnepropetrovsk561503
PortugalGuimaraes612540
BelgiumHasselt492648
LuxembourgLuxembourg City203670

South America: 10 cities

Despite a massive gap between North American countries (USA and Canada 1st and 3rd) compared to Latin American countries where the closest competitor is Chile (ranked 30th), we have noticed some positive changes. It seems that Latin American countries, even though struggling to evolve due to political challenges in the region, are working hand in hand to build economies that support innovation. Chile is now the hot ecosystem in the region after switching places with Mexico (now ranked 32nd). Colombia, another rising star, is now ranked 34th globally and 3rd in Latin America.

The bar for South America is raised. The region is rich in both natural resources and talent pool. Hence, it is only a matter of time when it will become a startup hub to align with.

CountryCityRank (2019)Change (from 2017)
ChileValparaiso457412
ChilePuerto Montt691444
BrazilRibeirao Preto441454
BoliviaCochabamba473475
ParaguayAsuncion411483
MexicoLeon673487
BrazilUberlandia517544
El SalvadorSan Salvador493581
ColombiaBarranquilla410612
MexicoSan Luis Potosi310641

Africa

Even though Africa did not have cities increasing by 400 or more spots in the rankings, we want to point out the good news coming out of Rwanda. The phoenix of Africa has soared up the rankings by 92 spots and is now resting at 64th. If this continues, we might see Rwanda as a new African leader in the top 50, what an inspiring story!

These were the biggest jumps from the Startup Ecosystem Rankings Report 2019. We are excited to witness the development of all these locations and look forward to tracking all the startup ecosystem activities in each of these cities for the upcoming Report.