The Startup Ecosystem of Toronto-Markham Area
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.
CITY RANKING
In 2023, the startup scene of Toronto-Markham Area shows much promise after advancing in the Global Ecosystem Index by 1 spot.
National Ranking
In Canada
Regional Ranking
In North America
Global Ranking
Worldwide
Startups
Toronto Top Startup Industries
31 startups
507 startups
69 startups
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Ecosystem HealthCheck
Toronto Ecosystem Health Check
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...
- Overperformance
- Performance equal to global ranking
- Underperformance
ECOSYSTEM
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Ecosystem
The Startup Ecosystem in Toronto
Global Rank
Toronto-Markham Area is ranked within the top 30 startup ecosystems globally.
Top Industries
Toronto-Markham Area’s startups excel particularly in Energy & Environment where it ranks 14 and in Software & Data, and Hardware & IoT. Find out more
Top Cities for Startups in Canada - Ranked by StartupBlink
| 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 |
Startups
Notable Startups in Toronto
Startups
Successful Energy & Environment startups in Toronto
ECOSYSTEM
Why should you join Toronto's Startup Ecosystem?
Overview
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.
1st
National Rank
10th
Regional Rank
Overview
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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