Released this week, the list is based on extensive analysis of 50,000 startups around the world. It judges cities’ startup scenes on criteria including performance, founder talent, whether businesses set trends and how hard it is to get funding. Vancouver placed 9th beating major cities such as Paris, Singapore & Chicago with it’s high-growth technology startups.
Toronto and Waterloo also made the list in 8th and 16th place respectively, indicating Canada is on its way to becoming a tech hub.
Canada has long tried to keep its entrepreneurs from slipping across the border to more lucrative jobs in Silicon Valley, but California’s active ecosystem often draws the best and brightest.
Top 10 startup ecosystems
New York City