Startup City Index Best Cities to Start a Business

Startup City Index Best Cities to Start a Business
Startup City Index Best Cities to Start a Business

Startup City Index Best Cities to Start a Business

PPH Reveals their Startup City IndexCanadian city Vancouver is number one for startups, beating Berlin into second place

Manchester flies the flag for the UK, ranked third best city to start a business, with London coming in 14th

 

If you’re planning to start a business, you might want to head to Vancouver, according to a new study by UK’s leading freelance marketplace PeoplePerHour.

The bustling Canadian seaport has been ranked the best place in the world to start a business, topping the Startup City Index with a high quality of life, good access to office space and relative ease of getting a company off the ground.

Berlin, a well-known startup hub came in at second place and perhaps surprisingly, it is Manchester in at third, beating competition from San Francisco and New York. In fact, Manchester far outperforms its UK rival, London, when it comes to startup appeal, thanks to its low cost of living and the great conditions it offers for startups. London came in 14th place overall, but it has a way to go if it wants to compete with its northern cousin.

Rounding up the top five cities for startups are the Portuguese capital of Lisbon (4th) and Sweden’s Stockholm (5th) who performed well for office availability and rents and ease of starting a business.

Using a variety of data to rank each city according to the factors most likely to impact upon startups, such as cost, quality of life and ease of starting a new business*,  PeoplePerHour created a metric to provide a definitive Index ranking the 25 cities.

California cities dominate the second half of the top ten, with San Diego (6th) and LA (9th) making an appearance.

With a business friendly environment and many tax incentives for startups it is no wonder that more and more businessmen are searching for agents specialized in opening companies in Singapore who can help them start their businesses in the Lion City.

And where should budding entrepreneurs avoid? At the bottom of the list is the Italian city of Rome marred by the high cost of living and low scores for ease of starting a business there. Tokyo comes in at 23rd and Paris in 24th position.

Xenios Thrasyvoulou, founder and CEO of PeoplePerHour, comments: ‘It’s fantastic to see that despite the worries over Brexit and the continuing fallout from the GEC, Britain has managed get two cities featured in the top fifteen rankings.

‘The fact that Manchester is the third best place in the world for new startups, beating the likes of New York, Sydney and London is phenomenal, and bodes really well for the future of the so-called “Northern Powerhouse”.

‘Britain has always been a leader when it comes to business and innovation. It’s really encouraging to see that despite the difficulties of recent years, that remains unchanged.’

Contributed content

Rank

City

Score

1

Vancouver

91

2

Berlin

93

3

Manchester

103

4

Lisbon

106

5

Stockholm

107

6

San Diego

110

7

Bangkok

110

8

Melbourne

113

9

LA

121

10

Bangalore

129

11

Kuala Lumpur

131

12

Singapore

133

13

Istanbul

136

14

London

140

15

Sydney

140

16

Tel Aviv

141

17

Amsterdam

145

18

Miami

146

19

Athens

153

20

Moscow

156

21

San Francisco

157

22

NYC

168

23

Tokyo

176

24

Paris

187

25

Rome

192