Forbes Identifies Philadelphia as One of the Top 10 Emerging Cities for Startups

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Forbes has joined forces with knowledge partner Revolution to identify 10 emerging cities for startups that are poised for success in the years ahead, and Philadelphia is one of them, writes Kurt Badenhausen for Forbes.

Revolution, a venture capital firm, was co-founded 13 years ago by Steve Case, the billionaire co-founder of AOL. Case launched the Rise of the Rest seed fund four years ago to fuel startups that are not in the usual hubs of San Francisco, Boston, and New York. Instead, they are in other underserved cities.

“The goal is to level the playing field so everybody, everywhere, who has an idea has a shot at building a company and the American Dream,” said Case.

Philadelphia ranked No. 8 on the list, as it offers easy access to Boston, New York, and Washington, D.C., and also benefits from more affordable business costs.

Another important factor is the fact that it’s home to scores of degree-granting institutions and has the nation’s second-largest university population.

Read more about the emerging cities for startups in Forbes by clicking here.

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Top photo credit: Garen M. DSCF1320.jpg via photopin (license)

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