Global startup hub – The Cyber City is upping its innovation game rapidly and has jumped 115 positions to emerge as the 75th best city globally for startups in 2019, revealed the latest report by StartupBlink, a Swiss-based player that maps the startup ecosystem globally. However, Chennai stole a march over Hyderabad, bagging as it did 74th rank globally by moving up 143 positions as compared to its performance last year. In fact, Chennai surpassed Hyderabad by a whisker as it scored 8.555 points compared to Hyderabad’s 8.541.
However globally, only one Indian City, Bengaluru, figured in the top 15 destinations by scoring 17 points San Francisco maintained its top spot with a total score of 262.8 points, which is five times higher than that of New York, which came in a distant second with a score of 55.9 in the top 100 cities, there are 29 US cities, a real show of dominance. However the UK is ranked second globally and still only has two cities in the top 100 Canada basis of five cities in the top 100 list (Ottawa and Edmonton being the new entrants).
Global startup hub
Bihar LOR while Israel now has two cities with Jerusalem rising in the ranks Australia has three cities in the top 100 /Brisbane entering for the first time) while Germany has tive the report said, adding that India has six cities in the top 100 Bengaluru (I New Delhi 18), Mumbai (29) Chennai 74), Hyderabad (75) and Pune (84).
Overall, as a country, India figured in the top 20 countries for startups. “India is one of this report happiest surprises. The country is now ranked 17th, a staggering 20 spot increase, as the World Bank dramatically upgrades its “Doing Business” score, supported by a growing entrepreneurial spirit throughout the country,” the report said, adding that this country is proving itself to be a startup powerhouse with high startup activity in many cities.