Toronto-Markham Area has 1494 startups in our sample database. This represents about 34% of Canada’s startups. Toronto-Markham Area is the highest-ranked startup ecosystem in Canada.
In 2023, the startup scene of Toronto-Markham Area shows much promise after advancing in the Global Ecosystem Index by 1 spot.
29 startups
389 startups
60 startups
Unlock with pro
The health check tables allow you to look at the performance Toronto has in each of the parameters that are part of StartupBlink's ranking algorithm. There are five tables, corresponding to the three subscores, the subscore analysis and industry ana...
Toronto-Markham Area is ranked within the top 30 startup ecosystems globally.
Toronto-Markham Area’s startups excel particularly in Energy & Environment where it ranks 14 and in Software & Data, and Hardware & IoT. Find out more
2023 National Rank & Change | City | Global Rank & Change | Total Score | Quantity Score | Quality Score | Business Score |
---|---|---|---|---|---|---|
1st 0 | 23rd + 1 | 32.630 | 00.00 | 00.00 | 00.00 | |
2nd 0 | 41st - 1 | 17.592 | 00.00 | 00.00 | 00.00 | |
3rd 0 | 44th + 1 | 15.755 | 00.00 | 00.00 | 00.00 | |
4th 0 | 68th + 21 | 9.033 | 00.00 | 00.00 | 00.00 | |
5th 0 | 76th + 15 | 8.508 | 00.00 | 00.00 | 00.00 | |
6th 0 | 111th - 7 | 6.390 | 00.00 | 00.00 | 00.00 | |
7th + 1 | 129th + 13 | 5.531 | 00.00 | 00.00 | 00.00 | |
8th - 1 | 144th - 4 | 4.505 | 00.00 | 00.00 | 00.00 | |
9th 0 | 180th + 3 | 3.449 | 00.00 | 00.00 | 00.00 | |
10th + 2 | 224th + 9 | 2.282 | 00.00 | 00.00 | 00.00 |
Within Toronto-Markham Area there is an increased attraction for entrepreneurs to set up their startups in industries such as Energy & Environment, Software & Data, Hardware & IoT. These three industries represent about 32% of the startups represented on the Startup Ecosystem Map of Toronto-Markham Area.
Toronto-Markham Area is Canada's 1st best startup ecosystem and is ranked 10th in North America. With a population of 2M - 10M people, Toronto-Markham Area is ranked 23rd in the world. The city has some notable startup success stories including Kik.
In this article, we’ll explore the role of universities in startup ecosystems. Join us for an enlightening discussion in the 39th episode of our Startup Ecosystem Podcast series, where Martin Jordana welcomes David Kwok. David, the Director of Entrepreneurship & Innovation at YSpace —a university run community innovation hub nestled in Downtown Markham —shares valuable […]
The Global Startup Ecosystem Index (GSEI) reveals the startup ecosystem rankings of 1,000 cities and 100 countries based on various factors. It uses an algorithm that considers many parameters and incorporates data from different sources and partners such as Crunchbase, SEMRush and Statista. The results of this index are also integrated with the StartupBlink Global […]
At StartupBlink, we always say that where you base your startup highly affects your success. Hence, the Global Startup Ecosystem Index sheds light on location-based decisions for startups and other ecosystem stakeholders. In this episode of the Startup Ecosystem Podcast, Eli David and Martin Jordana go further to discuss the cities of the future for […]