Philadelphia has ranked as the world’s 27th-best startup ecosystem. Better still, at No. 11, it is nearing the top ten in the nation, according to an annual report by Startup Genome. Ryan Mulligan reported the trend of improvement for The Business Journals.
Philadelphia gained one spot both in both international and national rankings after placing at No. 28 and No.12, respectively, in 2021. This year’s report praised the City of Brotherly Love as “a vibrant Life Science hub and a particularly attractive home base for female entrepreneurs.”
The report ranked over 280 regional ecosystems based on metrics such as startup growth and activity, innovation and research, talent, and support for companies.
Phila. received high marks from Startup Genome for research infrastructure. This category measures the number of accelerators and incubators, research grants, and research and development anchors, such as hospitals and research labs.
The city received 9 out of 10 in research infrastructure, putting it in the top 10 in the world for this category.
The report also lauded the local diverse talent pool, listing it as one of the reasons for startups to move here.
Read more about the best startup ecosystems in The Business Journals.