Toronto-Markham Area has 1743 startups in our sample database. This represents about 35% 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.
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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 35% 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 SHOPLAZZA.
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