Image courtesy: http://blog.startupcompass.co/
Image courtesy: http://blog.startupcompass.co/
Opinion

The Top 20 startup ecosystems in the world

By Sorab Ghaswalla

Mumbai, November 23, 2012

Several interesting developments took place in the digital world last week. I shall touch upon a few here.

The first and foremost was the release of a global report by Startup Genome on the world's best startups eco-systems. But before I talk of the report per se, let me briefly explain what Startup Genome is about.
Startup Genome is a collaborative Research and Development project created by three young entrepreneurs - Bjoern Herrmann, Max Marmer, and Ertan Dogrultan. The idea was to take a detailed, data-based look ar what makes or breaks startups around the world.
Out of their initial research was born the Startup Compass https://www.startupcompass.co/. This is a benchmarking tool that leverages the data thrown up in the research to enable startups to evaluate their progress compared to their competitors. Readers would have got the basic idea by now - essentially the Startup Genome tries to provide a platform for startups all over the world to flourish by giving them relevant information in order to help them take informed decisions.
So for two years, these guys compiled data on around (hold your breath) 50,000 global startups using the Startup Compass tool. Plus of course, interviews with founders, entrepreneurs and investors, and so on, to come up with the Startup Ecosystem 2012.
The analysis has been produced in collaboration with affiliates from UC Berkeley, Stanford and Telefónica Digital, and has covered many topics. The ranking is based on a 50-variables like Startup Output, Funding, Company Performance, Support Infrastructure, Entrepreneurial Mindset, among other things.
These guys claim that the study is the "first data-driven ranking" of the world's Top-20 startup ecosystems.
No prizes for guessing who's the number one on this list? Yup, it's Silicon Valley. While the usual suspects besides the US, Israel and Brazil, figure on this list, India, namely Bangalore, has made it too, but at 19th position. Which, all things given, is not such a bad thing after all.
Here's the list: Silicon Valley, Tel Aviv, Los Angeles, Seattle, New York City, Boston, London, Toronto, Vancouver, Chicago, Paris, Sydney, Sao Paulo, Moscow, Berlin, Waterloo (Canada), Singapore, Melbourne, Bangalore and Santiago.
The three most active ecosystems for startups is Silicon Valley on the US West Coast, New York and London.
What does this list mean? Simple. All the cities mentioned in this Top-20 list provide the kind of climate (not physical, of course), infrastructure, talent and investors to help startups flourish. Each of the 20 cities has been further sub-categorised depending on its strengths.
For example, the report says Sydney is the global capital of data-driven startups. Entrepreneurs in Tel Aviv, Israel, have a hard time adopting technology trends while Singapore may have a relatively strong funding environment but the risk tolerance of founders is the lowest among all the Top-20 cities.
I personally found the report highly interesting. If any of my readers is interested in catching up with the report, you will find it here
Now go to Facebook if you want to look for jobs
One never knows with these things but social network Facebook seems to have decided to emulate LinkedIn (or take it head-on?). Last week, the former went "live" with its application for Social Jobs in partnership with the US Department of Labor and several leading career websites, including Monster.com, BranchOut and Jobvite.
Before all of you run to log on to your FB accounts, here's the downside. As of now, this is only for US jobs. But you never know with FB, which anyway thinks on a global scale.
As all of us know, LinkedIn has become quite the rage as a business networking site, where in addition to linking up with fellow professionals, you can even search for or post jobs.
FB put out a statement while launching the job board, saying "it wants to leverage social media to connect great jobs with great candidates." 
There are currently more than 1.7 million job listings featured in the Facebook app. To use the app, job hunters need to search using a keyword, industry and location.
The debate online is - should LinkedIn be worried by this new foray?

Previous columns by Sorab Ghaswalla

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