A new ranking of global startup ecosystems has Ottawa making waves as one of the top 100 tech cities in the world.
StartupBlink, a Zurich-based tech research centre, released a new ranking of global startup ecosystems on Tuesday. The report algorithmically ranks 1,000 cities and 100 countries on a variety of tech factors: the sheer number of startups, accelerators and coworking spaces in a location; the size and market share of a city or country’s tech firms; and the overall business environment when it comes to regulations, censorship and technological infrastructure available. It looks to highlight both the well-established cities and countries when it comes to starting a tech firm as well as the regions on the rise.
Ottawa jumped a full 39 spots on the list since StartupBlink’s last ranking in 2017, entering the top 100 cities at No. 63. The nation’s capital took the fourth spot nationally, with other Canadian firms Toronto, Vancouver and Montreal all landing in the global top 50 despite each dropping a few spots. San Francisco, New York and London took the top three spots globally.
Canada maintained its No. 3 ranking on the countries list, just ahead of Israel and behind only the United Kingdom and the United States – the latter of which holds a dominant grip on the top spot. The report highlighted attention from Canada’s governments and other public institutions as driving its top three ranking.
StartupBlink draws its information from its own database of more than 60,000 startups as well as from partners Crunchbase, CoWorker and Similar Web, the latter of which compares companies based on anticipated market share.
Ottawa’s momentum on the StartupBlink list aligns with a few other rankings in recent years. Real estate services firm CBRE said Ottawa was the second-best tech talent market in Canada this past year for its expensive but well-educated workforce, while Expert Market called Ottawa the country’s best tech hub for its affordable cost of living back in 2017.