São Paulo is the only city in Latin America listed in the latest edition of the company's ranking of the 20 largest startup ecosystems in the world, ranking 12th. Among the city's strengths, the study lists the market reach, performance and funding of its active technology startups, whose number estimated by the authors is between 1,500 and 2,700.
Investments by venture capital funds in startups in São Paulo in 2014 were higher than those made in startups in Seattle, in the United States, and just below those made in Tel Aviv, according to the report. The city also had the third highest growth rate of tech startups (3.5%), behind only Berlin (10%) in Germany and Bangalore (4.9%) in India.
At the top of the ranking are Silicon Valley, New York, Los Angeles and Boston, in the United States, followed by Tel Aviv, in Israel. The ranking does not include cities in China, Taiwan, Japan and South Korea, due to the difficulty of obtaining more complete data on the scenario of technology startups in these Asian countries due to the language barrier, the authors of the report emphasize. But the report estimates that cities like Beijing and Shanghai, China, could rank in the rankings.
Investments by venture capital funds (venture capital) in emerging technology companies in São Paulo in 2014, for example, were greater than those made in startups in Seattle, in the United States, and just below those made in Tel Aviv, compares the report.
The study summary can be read at blog.startupcompass.co/the-2015-global-startup-ecosystem-ranking-is-live.
Source: Fapesp