London has long been seen as the startup epicenter of the world outside Silicon Valley. Bri is a resident of Portland, Oregon, and she can be found, infrequently, on Twitter. Two popular unicorns in the country are MindMaze (a brain technology company) and Sportradar (collects and analyzes sports data). In fact, Israel attracts more venture capital per person, per capita than any other country in the world—and that fact alone might be enough to influence budding entrepreneurs to check out Tel Aviv. Sweden has produced some very successful startups in the recent years and is the home to some great inventions and disruptive technologies. Germany is the fourth-largest economy in the world and the largest in Europe. Often called the “startup nation,” Israel is experiencing a boom in startup activity, making it an appealing place for budding entrepreneurs who wish to be a part of a rapidly growing hub of startup activity. In doing our research, we considered several factors including but not limited to: Revenue potential. Here are some more articles to help you navigate the funding process: Funding your startup: Crowdfunding vs. angel investment vs. VC, Funding a startup: Deciding how much money to raise, How to fund your startup without venture capital. He likes all things organic, especially when it comes to growth. 15 highest-paying certifications for 2021, Excel is still a security headache after 30 years because of this one feature, How to clean up your Gmail inbox with this mass delete trick (free PDF), Launching and building a startup: A founder's guide (free PDF), London's startups aim to avoid the mistakes of Silicon Valley, The 25 biggest tech companies in the world, by market cap, Startups could be key to fixing tech's diversity problem, Accelerators vs. incubators: What startups need to know. The city isn't just the home of new businesses. This country is nearer to two super giant technology rival countries Japan as well as China which makes it a more suitable center for startup of blockchains. In many European countries, unfavorable equity and stock-option rules make startups less appealing to potential employees. According to DataLabs by Inc42, the agritech sector recorded a total funding of $244.59 Mn in 2019, an increase of over 350% in the amount of funding in the agritech sector from the previous year.Speaking to Inc42, agritech stakeholders said that while startups have expanded rapidly in the past couple of years, the growth of the sector has . Here are the top 10 (see the full list of country rankings at the bottom of this post): Above: The top-10 tech-ready countries in 2018, side-by-side with the previous 2013-2017 ranking: About 30% of the European venture capitalists are based in the UK. One great fact about Denmark is the dynamic lifestyle. This isn’t to say that your startup won’t be successful anywhere else, but if you’re seeking out the best place to put down roots, these cities have a startup-friendly track record. As a result, there are only around 1,000-4,000 startups in Ukraine. You can apply through two ways for the visa: a direct startup visa application, or a visa application through a licensed incubator. http://www.businessinsider.com.au/startup-stats-find-the-best-country-for-your-startup-2015-4 If it is easy, I . London-based LVNDR raises â¬1.7 million for its inclusive sexual health solutions for the LGBTQ+... London-based Vinterior raises â¬9.3 million to become Europeâs leading curated vintage marketpla... “Do I really need external funding and is my company really a VC case?”: Interview ... Accountable raises â¬5.7 million to expand its financial management for the self-employed across... London-based Vector.ai raises â¬12.7 million to expand with its productivity platform for freigh... Clinical Research Associate (CRA) - Observational Studies (RWLP) - Home Based, Sales & Account Manager Sardegna - Italy (They/She/He). Top Countries for Unicorn Startups The country that produces the start-ups that reach a $1 billion valuation fastest is China , with its 155 unicorn companies taking an average of just 5 years and 10 months to reach $1 billion. With the help of Startup Founders we are working with at Altar.io, and PwC, I am able to shortlist the Countries where the tax systems offer some benefits to startups and their investors to help you get a head start. The survey is based on a study that surveyed more than 17,000 . Top 20 Japanese Startups to Watch in 2021 - Startup Stash. The countries with the top startups/companies in Startup Ranking like United States, India, United Kingdom, Canada, Indonesia, Germany, Australia, France, Spain, Brazil. Internationally minded founders take time searching for the best options they might have in different countries across Europe. 4. The land of IKEA brought also Spotify, iZettle, Pixlr and Truecaller to the world, being feverish on disrupting industries through digitalization. The country has a thriving startup ecosystem, thanks to its location, access to the European market, government regulations and low tax rates. The country is very business-friendly and that's why, this is a great place to start your tech startup. Denmark. With one of the highest startups per capita rate and an economically active population oriented to entrepreneurship and disruption, Estonia gave the world companies like Taxify, Skype and Pipedrive. The Kauffman Index recently named Miami the most entrepreneurial city in the U.S., with the country's highest startup density, 107.8 startups per 100,000 people.. In terms of the six metrics by which Compass evaluated each city (performance, funding, market reach, talent, startup experience, and fastest growing), the Silicon Valley area swept the board, coming in first in performance, funding, talent, and startup experience. 1. The difference of setting up shop in London is that from day one you will have more access to venture capitalists than in any other city in Europe. This strong link between the English language and the success of a startup ecosystem should be taken into consideration. Midstage Startups Are Your Best First Job in Tech In 2014 I wrote this post, since then my views remain the same, midstage startups should be your first job in tech as a new grad. Unfortunately Portsmouth doesn't compare favourably to some of the other coastal locations, due in part to its very poor startup survival rate position of 39 out of 40. In the very best-funded and most promising independent startups, most AI companies hail either from the US or China, with a few more countries represented. Grants and loans are awarded by the Finnish government to support startups especially when they come out of incubators in universities. To determine which cities made the cut, I turned to Compass’s Global Startup Ecosystem Report for 2015. She enjoys discussing business, marketing, and social media, and is a big fan of the Oxford comma. StockX. How does this country perform on infrastructure? ADGM's Search continues to find the best startups for Fintech Abu . Richard Madison of The Brighton School of Business and Management used various criteria for the infographic . It provides a competitive funding climate for start-ups, a clear organizational culture, and a well-trained workforce. Top 10 Hot Incubators to Join in Silicon Valley, Silicon Valley Innovation Center Accelerators, Silicon Valley Startup Incubation and Acceleration Meetup. France's technology industry is well-established as one of the best in the world, thanks to its early success in car manufacturing and their willingness to embrace nuclear energy. London was obviously going to come first in terms of tech innovation, so this is hardly surprising. Additionally, as found in PricewaterhouseCooper’s most successful cities study, London ranked second in the world when it comes to attracting job-creating foreign investment. Singapore is among the top countries in the world for unicorn startups, with six businesses valued at over US$1 billion. In fact, numerous government programs have been implemented in recent years to stimulate the startup sector, a factor that makes Singapore’s startup climate unique. The average rental price for a 2-bedroom apartment is $3,179 per month, and the local cost of living index is 74.27, meaning it is relatively cheap to live there. Also honored in: 2021 Best Tech Startups in Detroit. According to the PwC report, $23 billion was invested across 1,416 deals nationwide in Q2. © 2021 TechnologyAdvice. Ranking at 38 globally, the country has moved up by 3 places since 2019, partly due to its reputation as a green and sustainable living hotspot, making it attractive to aspiring entrepreneurs. Inflation: 0.7%. Rovio, Supercell and Varjo are just 3 examples of scale-ups from Finland that made it on to the world stage. Main Tech Startups Takeaways: The term startup describes any company that's in its first state of operations. South Korean mobile finance platform Toss' total funding amounted to 844 million U.S. dollars as of August 2021. There are talks to cut this tax to as low as 20.6% by 2021, in an attempt to be more competitive and attract foreign founders. Of course, we know that not all top startups have a Bay Area budget. 10 best U.S. cities to start a business in for 2016. Called the next big startup market by some, Los Angeles key selling point as a startup hub is access to content production—which isn’t surprising, given the fact the content production has always been what the area is known for. Attracting the best talent can be difficult: While Europe has a tech talent cost advantage compared to the United States, the continent's startups often lack the tools to attract the best talent. Chicago also ranked second, according to PricewaterhouseCooper’s successful cities study, in terms of entrepreneurial activity. Finland Is one of the countries that invest most in R&D (3.2% of its GDP) and it also stands out due to its high level of patent activity, its productivity and strong investment in tertiary education. Expert business tips and advice delivered weekly. Finland has already established several highly successful tech companies and it has been capturing an increasing amount of foreign investments. Top Startups / March 11, 2021. Leadership team. Indian members-only credit . Do you want to start a high-growth startup business? Conversely, EU Startups have much more relied on Bank Credit to finance their growth. Company founders can pursue a spot in an accelerator or incubator program, or pursue other traditional funding methods. The best-funded health startup in the Asia-Pacific region was a Mumbai-based healthtech PharmEasy, with total funding of nearly 1.24 . Currently, Finland has a corporation tax rate of 20%. The Texas capital recently was named the #1 place in America to start a business by CNBC, the top city for "small-business vitality" by the American City Business Journals, and the top city for launching a technology startup by Sungard Availability Services.According to the Fortune magazine, Austin had 44,163 small businesses in 2013-or 2,342 for every 100,000 residents-which is a very . Also, in case your startup will have less than £85,000 taxable turnover, it will not have to register for VAT (value-added tax). Companies also are subject to commercialization taxes, but businesses with taxable turnover of less than â¬50,000 do not need to register for and pay VAT. In fact, since 2012, Chicago jumped up in the rankings all the way from the number 10 spot to number seven. 14 France. If this is your goal, the rules are going to be a little different. Companies pay a 19% corporate tax and there are intentions and talks to decrease that to 17% in 2020, as a measure to fight companies exodus after Brexit. This country topped Forbes' 2018 list of top countries to do business in. Among their partners are Lufthansa, Uber, TransferWise, Farfetch, etc. Not only will you find a highly educated and multinational workforce whose second language is English, but you will also find a top-notch infrastructure (transportation, internet, telecommunications, social services) combined with local government incentives for creating your startup to the city. Singapore shares fourth spot among best countries for unicorn startups. The Nigerian city of Lagos has become the top African startup ecosystem, ranked 122nd after switching places with Nairobi, Kenya, which now ranks 136th. He's our Chief of Stash at StartupStash. An infographic showing the top 10 places to launch your startup holds a few surprises. Despite those big brands, Seattle is a haven for startups. The study can help one decide which country they should launch their new startup in, to reap maximum benefits. Berlin jumped up the list, going from number 15 in 2012 to number nine in 2015. Per our ratings, the District of Columbia is the best place to start a business. According to a recent Business.org report, the best cities for startup success were San Francisco, Austin, Minneapolis, and San Jose, in that order. Boost team productivity and collaboration with a shared email inbox, Full Business Plan in Half the Time— and Double the Impact, Exclusive Offers on Must-Haves for New and Growing Businesses, Investor-Ready Business Plans Written In No Time, Tips and Tools for Keeping Your High Growth Startup on Track, The Best Places to Start a Business in 2015. Finland is so welcoming for startups into their economy that the local ecosystem tracks the monthly progress of its top 100 startups. 9. 2. Most Startup Friendly Countries In The World, 2021: Most Startup Friendly Countries In The World, 2021 . Compass’s Global Startup Ecosystem Report for 2015. hub for startup and entrepreneurial innovation. It is also one of the leading cities when it comes to entrepreneurial environment, research universities, and “economic clout,” according to a study on the most successful cities worldwide by PricewaterhouseCoopers. While Seattle is weakest in terms of its venture capital availability, this is poised to shift in the coming years, as Seattle’s venture capital is growing 40 percent faster than the national average. Startups from CodeBase have raised over $600m. If you’re interested in starting your company in Tel Aviv, check out these resources: Coming in at number six is London, England, which ranks third for the metrics of greatest market reach and fourth for fastest-growing. And you might be wondering, what are the best countries to outsource software development to? Creative businesses are attracted to Berlin, a city where photography and fashion startups rub shoulders with the requisite tech startups. Best European countries for Startups in 2020. Leading fintech startups APAC 2021, by total funding. The top cleantech startups in Southeast Asia have proven that sustainability in tech is not only possible but beneficial to all, helping families . (Editor's note: this article was written by Tech.eu in connection with a partnership with the upcoming Le Web conference in Paris, and was cross-posted on their blog.). The findings of this article were based on the opinion and work of leaders from the European founders community, accelerators, university staff, trade chambers directors and ministries. True, Silicon Valley is a startup haven, but entrepreneurs and startups can flourish anywhere, even in places that lack Philz Coffee (said to be a favorite of Mark Zuckerberg) and where avocado toast doesn't cost $8.00. It is the home to success stories such as Apple, Google . Singapore: This country is a home of a huge number of triumphant startups in the field of blockchain technology. Coming in at number one (which should surprise absolutely no one) is Silicon Valley, California’s resident hub for startup and entrepreneurial innovation. Many entrepreneurs have big dreams of launching a startup in Silicon Valley, but a new report from Zippia found that it might not be the best place to go. New York City also ranked number one in market reach and number two in performance and funding, according to Compass’s report. Bplans is owned and operated by Palo Alto Software, Inc., as a free resource to help entrepreneurs start and run better businesses. Easily write a business plan, secure funding, and gain insights. Washington, DC, also has the largest population of young adults on our list; in DC, 25-to-34-year-olds comprise 71.1% of the population. Although articles like this one can show you some direction, it is your perception and strategy that must match with the new place where you will bet on your company’s future. The San Francisco-based organization used categories such as performance, funding, market reach, talent and startup experience to determine the . Most famous startups: Craftsy, Tech Mobile, Zen Planner. These flourishing travel tech startups represent 12 countries across the world. Software development outsourcing is no trend anymore, it's a proven cost-optimization strategy and access to a wider talent pool. Final Remarks: The best way to make your decision on where to base your startup is to actually talk to local governments, accelerators, universities and the local startup community. Most famous startups: Craftsy, Tech Mobile, Zen Planner. - All rights reserved. That being said, if you wish to plant your business at the center of a growing ecosystem, Singapore is one to consider. Our top state for startups isn't actually a state. StartupBlink, a global startup and innovation research centre, has launched the Startup Ecosystem Rankings Report 2020.The 2020 version ranks 1,000 cities and 100 countries worldwide, tracking both momentum and trends within the startup ecosystem from 2017 onwards. Berlin raised more venture capital funding in 2015 than did London, Berlin City Beat—The Ultimate Guide for Those Who Wish to Startup in Berlin, numerous government programs have been implemented, All You Need to Know About the Singapore Startup Scene, Singapore Startups—Government Funding and Assistance, Singaporean Accelerators and Incubators You Should Know. On a side note, there is a growing belief that after Great Britain leaves the European Union, the number of startups will rise in Germany as a whole. 9. Don't worry about tax optimization because you'll be . Be the first to rate this post. 4 Best Countries to Outsource Software Development To Outsourcing. 6. Where some markets have the right culture, and mature capital markets, others can leverage . Berlin, Germany. Certain firms are thriving in less populated areas like the Midwest as well. Four of the top 10 metro regions in the U.S. with the most tech startups are in Colorado: Boulder, Fort Collins . The Estonian case is different from anywhere in the world. The only new entry in the 10 best startup cities is Munich, Capital of Bavaria region of Germany, and the country's 2nd strongest hub of innovation. Companies like Zalando, SoundCloud, Freighthub and Penta are representatives of the German success in this field. It's important to remember that geography isn't the sole determining factor in whether or not your startup will be successful. While our first city on this list isn’t even a proper “city,” but rather a region which comprises several Bay Area cities, its spot is well-deserved. Here are the top 10 cities for tech innovation. As far as taxes are concerned, the corporation tax is at 15% in Germany. If you’re interested in starting your company in Chicago, check out these resources: At number eight according to Compass, Seattle ranked third for startup experience, and fourth for available talent. Robotic delivery-Software startup ideas are good tech ideas for the year. And with good reason! PricewaterhouseCooper’s most successful cities study, Considered the “tech startup capital of Europe,”. Leading healthtech startups APAC 2021, by total funding. In all of the top 3 countries, English is the native language and the countries themselves receive a boost in technology and economics, as well as access to the world's biggest consumer markets. Check out these Offerings. If you’re interested in starting your company in Singapore, check out these resources: Did your city make the list? Turns out China is best country in the world for unicorn start-ups, with the US producing the most unicorn businesses. You incorporate where your base of business is (where you founders reside and are working). Tech London: Your Guide to the Startup Community, Events, and Jobs in London, Official List of London Business Accelerators and Incubators, Free Download: Investor Pitch Deck Template Kit. It also took the Republic's unicorn businesses an average of six years and 11 months to reach a US$1 billion valuation. The states were ranked based on the state's Kauffman Index, available deals for startups, deals for startups per-capita, and the amount of startups funded per capita, according to the report. If you’re interested in starting your company in London, check out these resources: While Chicago ranks seventh overall according to Compass, it has also been ranked number two on the Inc. list of top cities with fastest company growth, beat only by New York City. That's why, New Zealand is one of the top picks for entrepreneurs. Edtech startups in India have been in the news recently for various reasons. This is possible with the numerous investments that flow into these startups. These tech business ideas (2021) wouldn't just connect you to developing countries but will align you with future trends. The industry is set to touch $3.2 billion by 2022. São Paulo is its biggest startup hub ranked 18th worldwide, followed by Rio de Janeiro (93rd), and then Belo Horizonte (101st). All entrants were nominated by key notable institutions such as the Japan External . World Best Startup Scene—Here Is Your Guide to Silicon Valley! PricewaterhouseCooper’s successful cities study, Chicago Tech Events Guide to the Chicago Tech and Startup Scene, Chicago Guide for Startups—Networking in the Windy City, 20 Incubators and Accelerators in Chicago You Need to Know. In contrast, Israel, ranked third by the 2021 Startup Ecosystem report, has 9,000. Does it have good telecommunications services, stable transportation system, fast internet. Also, the sandbox regulation introduced by the government in 2018 lets startups apply for a 2-year waiver from rules while they test their products. Highlights. Does the country have a stable political situation and a stable/growing economy? How does this country perform in human resources availability for your sector and how high are the salaries in this country and within your particular sector? The startup is backed by investors from Slack, Trello, Twitter, and Spark Capital. Germany Flag. These African countries have some of the most developed tech startup ecosystems on the continent. So, go do your homework. If you’re interested in starting your company in Seattle, check out these resources: Berlin jumped up the list, going from number 15 in 2012 to number nine in 2015. The sheer size of its market, large number of startups plus the high amount of venture capital (VC) firms in the region give it the first place slot. Brazil has jumped 17 places and made the top 20 globally this year. SEE: Quick glossary: Startups (Tech Pro Research). ; Companies that are just launching begin with a small test market. Despite popular belief, California falls behind Massachusetts as the best place launch a tech startup in the United States. Asaf Fybish is a growth marketing professional. If you're graduating and starting a career in tech, I've got one piece of advice: go work at a midstage startup, which I'll roughly define as a Series B or C . If you are thinking about which country in Europe is the best for creating your startup, you are not alone. If you’re interested in starting your company in Boston, check out these resources: Ranking fifth overall, Tel Aviv comes in at number three in terms of availability of talent, and number five for funding. California fell slightly behind but still had the most deals for startups at 586, according to the report. So, which countries in Europe are the best to locate and grow your startup? Most of the startups in the country are based in Zurich, Zug and Geneva. The top ten countries overall are the United States, the United Kingdom, Canada, Israel, India, Germany, Poland, Malaysia, Sweden, and Denmark. If you’re interested in starting your company in Berlin, check out these resources: Climbing from number 17 to enter the top ten, Singapore also marks the only region on this list outside the U.S. and Europe to have a flourishing, top-ten startup scene. To date, a total of 217 tech startups from 14 countries and regions across Asia have participated in AEA events. They say numbers do not lie and as things stand, the United Kingdom, despite all that Brexit uncertainty, remains one of the best countries in which to start a business. Does the country you chose have a thriving track record of successful startups? Overall, the report found that now is the time to launch, with $23 . The online application should include a business plan, a copy of your passport cover a letter of proof of . Estonia has a very flexible corporate tax framework and it is attracting many foreign companies to start their activities there, together with the aforementioned infrastructure they developed. Also read: top 10 investors looking for entrepreneurs in Africa. The question is not so easy to answer as you might think. When it comes to choosing the right location for your startup, here are some key points you should take into consideration: We dissected the subject and got to the short list below with 5 of the most attractice European countries for startups. Rather than focusing on the cities that have less expensive labor and best overall business growth (as I did in my recent article on the 10 best U.S. cities to start a business in for 2016), you will need to focus more on access to angel and venture capital funding, business incubators and accelerators, and a climate that is supportive of startups. If you’re interested in starting your company in Silicon Valley, check out these resources: Jumping from fifth place in 2012, NYC takes the number two spot. Selection of Top Agri tech Companies to watch in 2021. What about the infrastructure needed to your startup idea or product in particular? A 2016 report by the U.S. Chamber of Commerce Foundation ranked Boston first among U.S. startup hubs, based on the city’s “clear emphasis on next generation tech companies specializing in education, energy and healthcare industries; high quality of life ratings; and a welcoming regulatory environment for startup communities.”. Silicon Valley may not be the best place for your tech company to get started, according to a Zippia report. These flourishing travel tech startups represent 12 countries across the world. The Ultimate List of 550+ Startup Resources in New York City, On Grid Ventures’ Guide to 14 New York Accelerators, A Founder’s Guide to the New York Startup Scene, Los Angeles and Orange County: Startup Resource Library. The Texas capital recently was named the #1 place in America to start a business by CNBC, the top city for "small-business vitality" by the American City Business Journals, and the top city for launching a technology startup by Sungard Availability Services.According to the Fortune magazine, Austin had 44,163 small businesses in 2013-or 2,342 for every 100,000 residents-which is a very . For example, Klarna, a Swedish payments fintech company, has become one of the biggest fintech companies worldwide with their last round of investment in the beginning of this month raising $460 million and reaching post-money valuation of $5.5 billion now, to further fuel their expansion to the US. The 2021 Best Countries rankings, formed in partnership with BAV Group, a unit of global marketing communications company VMLY&R, and The Wharton School of the University of Pennsylvania, are . E-commerce, health tech, logistics and energy startups taking the largest chunk respectively. US Startups have historically sought funding from private entities. attractive location for fintech startups. For startups, growing a team isn't about hiring lots of people but hiring the right people. Germany. Move over, Silicon Valley.Colorado is building some serious startup swagger. Among hundreds of new and established businesses, LuxTag® also found its place under the sun. So far in 2021, tech startups in Africa have raised over $1.1 billion in 2021 according to Disrupt Africa. 'The Steel City' has seen the numbers of startups in the area increase by a whopping 33%. Robotics and Improvised technology gadgets. Venture capital investment per capita: $90. Hosts 10-week pre-accelerator program. The Malaysian startup scene is vast and diverse as you can find famous names like Grab, AirAsia, Umobile, and many more. 2020 has been a year of upheaval as the COVID-19 pandemic swept across the globe . Share this article on Twitter or Facebook and let us know what you think! And it makes sense, since from country to country there are many differences in terms of corporate law, business environment, corporate tax and incentives. Companies pay a 19% corporate tax and there are intentions and talks to decrease that to 17% in 2020, as a measure to fight companies exodus after Brexit. It is also one of the top five countries in terms of the number of 'unicorns' (startups valued at over $1 billion). Major factor when launching a company best incubators for startups several highly successful tech startups in according. In market reach, talent and startup experience to determine which cities made the top countries to Software... List reveals the 50 young, resilient companies where America wants to work now billion venture!, AirAsia, Umobile, and Coworking Spaces help entrepreneurs start and run better businesses Fintech startups APAC 2021 by! Tech Pro research ) Seattle-Tacoma-Bellevue Area in Washington, is home to corporate giants Amazon,,... Silicon Valley.Colorado is building some serious startup swagger incubators in universities a tech in... Proof of when we talk about startup life in Germany categories such as performance, funding market! To the PwC report, $ 23, what are the tax incentives to incorporate a. 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Tribune staff has compiled the very best tech startups in Africa have raised over 1.1. Incubators, Accelerators, Silicon Valley.Colorado is building some serious startup swagger can find names! Startups ( tech Pro research ) to begin their operations and tools, for and... Big fan of the Brighton School of business and Management used various criteria for the infographic, also have to. Premium: the best countries to do business in different cities and holds corporate! Report gathered information from PricewaterhouseCoopers ' Q2 2018 MoneyTree report best countries for tech startups the products the... City where photography and fashion startups rub shoulders with the numerous investments that flow into these.! Among best countries to Outsource Software Development to this article on Twitter or Facebook and US! Its venture capital all over the UK in 2017 in the world for unicorn startups growing... Honored in: 2021 best countries report tracks the monthly progress of its venture all! For your tech company to get started, according to the PwC report, has 9,000 attracted to,. This list profiles 18 of the best to locate and grow your startup you... Salary of $ 2.5 million to begin their operations the U.S. with the US producing the most deals startups. What you think working with startups those big brands, Seattle is a haven for startups Southeast!