Montreal is the 25th Best Startup Ecosystem According to the Startup Genome Project

by Ben Yoskovitz on April 11, 2012

startup genome projectThe Startup Genome is an ambitious project to take a data-driven approach to measuring startup success. The project recently released some findings, including a ranking of top startup ecosystems around the world.

Montreal ranked #25. Vancouver is #16. Toronto ranked #4 behind Silicon Valley, New York and London, UK.

You can read a more detailed report on TechCrunch.

At www.startupcompass.co you can also benchmark your startup against the thousands that were surveyed. It’s an interesting exercise to get a feel for where you’re at comparatively speaking with other companies. The data produced (I went through the benchmarking tool to test it) is quite revealing.

Here are the rankings of the top 25 startup ecosystems, sorted by average throughput (volume of startups produced):

  1. Silicon Valley (San Francisco, Palo Alto, San Jose, Oakland)
  2. New York City (NYC, Brooklyn)
  3. London
  4. Toronto
  5. Tel Aviv
  6. Los Angeles
  7. Singapore
  8. Sao Paulo
  9. Bangalore
  10. Moscow
  11. Paris
  12. Santiago
  13. Seattle
  14. Madrid
  15. Chicago
  16. Vancouver
  17. Berlin
  18. Boston
  19. Austin
  20. Mumbai
  21. Sydney
  22. Melbourne
  23. Warsaw
  24. Washington D.C.
  25. Montreal

The Startup Genome project goes into a lot more detail than just startup throughput in their results and you can get the current report from their site.

Side note: I did participate in the survey, providing the Startup Genome team with my thoughts on the Canadian startup landscape.

So … we’re number 25. Pretty good considering the number of big cities in the world, but what do you think?

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