Startup Genome report charts TOWR's rise

Wednesday, May 3, 2017

by Naz Kittani

Silicon Valley is no longer #1 for talent, according to a recent global startup report. And while Waterloo wasn’t the city to knock it from first place (Singapore took that honour), the report highlights the Toronto-Waterloo innovation corridor as a key startup scene to watch.

The 2017 Global Startup Ecosystem Report calls the University of Waterloo one of the top schools in engineering and entrepreneurship in Canada. It points to this “rich pool of talent’ as one of the key factors in Toronto-Waterloo’s growing reputation as a leading entrepreneurial ecosystem.

The 150-page report is based on a year’s worth of research, spanning 10,000 startups and 300 partner companies. This is the third comprehensive startup report from Startup Genome, a research organization that actively works to enhance startup communities worldwide.

Startup Genome examined how cities help growing and sustaining vibrant startup ecosystems through eight major factors: funding, market reach, global connectedness, technical talent, startup experience, resource attraction, corporate involvement, founder ambition and strategy.

This year’s top three startup ecosystems are Silicon Valley, New York, and London. Toronto moved up a rank to sixteenth place (Waterloo does not appear on this list).