{"id":47425,"date":"2023-10-20T15:53:38","date_gmt":"2023-10-20T15:53:38","guid":{"rendered":"http:\/\/startupsmart.test\/2023\/10\/20\/sydney-and-melbourne-among-worlds-top-25-start-up-ecosystems-startupsmart\/"},"modified":"2023-10-20T15:53:38","modified_gmt":"2023-10-20T15:53:38","slug":"sydney-and-melbourne-among-worlds-top-25-start-up-ecosystems-startupsmart","status":"publish","type":"post","link":"https:\/\/www.startupsmart.com.au\/uncategorized\/sydney-and-melbourne-among-worlds-top-25-start-up-ecosystems-startupsmart\/","title":{"rendered":"Sydney and Melbourne among world\u2019s top 25 start-up ecosystems – StartupSmart"},"content":{"rendered":"

Sydney and Melbourne are among the world\u2019s top 25 start-up ecosystems, according to new findings, ranked 21st<\/sup> and 22nd<\/sup> respectively, but experts say they should be higher up the list.<\/p>\n

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The findings are from the Startup Genome project<\/a>, which aims to provide an in-depth analysis of what makes tech start-ups successful.<\/p>\n

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The project was created by US-based entrepreneurs Bjoern Herrmann, Max Marmer and Ertan Dogrultan.<\/p>\n

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As part of an initiative on start-up ecosystems, Startup Genome has ranked the world\u2019s top 25 start-up ecosystems, ordered by their average throughput.<\/p>\n

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Unsurprisingly, Silicon Valley \u2013 encapsulating San Francisco, Palo Alto, San Jos\u00e9 and Oakland \u2013 is ranked first, followed by New York, London, Toronto, Tel Aviv, Singapore and Sao Paulo.<\/p>\n

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Bangalore and Moscow round out the top 10, followed by Paris, Santiago, Seattle, Madrid, Chicago, Vancouver, Berlin, Boston, Austin and Mumbai.<\/p>\n

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Sydney is ranked the 21st<\/sup> top start-up ecosystem, followed by Melbourne, however industry experts say while the findings are positive, both cities can strive to be higher on the list.<\/p>\n

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Kate Kendall is the founder of The Fetch, an online guide to what\u2019s happening in business, digital and creative communities across Sydney and Melbourne.<\/p>\n

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\u201cI\u2019ve spent a bit of time across hubs over the past few years and think [the findings are] fairly accurate, though I am surprised at the relatively low Oz rankings,\u201d Kendall says.<\/p>\n

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\u201cI think part of it is we have a crazily blossoming \u2018scene\u2019 but not really a proper \u2018community\u2019 yet.\u201d<\/p>\n

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\u201cIf Australia was more centrally located [and] had a larger market\u2026 we\u2019d see a bigger influx of people coming to start-up here in the same way Berlin and the San Francisco Bay Area attracts outside talent.\u201d<\/p>\n

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Meanwhile, Mick Liubinskas, co-founder of Sydney-based start-up incubator Pollenizer, says while he\u2019s proud both cities even made the list, Sydney at least should be higher up.<\/p>\n

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\u201cWe should be in the top 10. Maybe not tomorrow, but next year. There is no excuse for us not to be there,\u201d he says.<\/p>\n

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\u201cIf we need more investors, build great businesses and they\u2019ll come. If we need government support, succeed without them and years later it will get better.\u201d<\/p>\n

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\u201cIf we need bigger markets, let\u2019s get better at global marketing and partnerships.\u201d<\/p>\n

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After ranking the world\u2019s top start-up ecosystems, Startup Genome went into a great level of detail about the top three \u2013 Silicon Valley, New York and London.<\/p>\n

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According to the findings, Silicon\u2019s Valley\u2019s ecosystem is currently three times bigger than New York\u2019s and 4.5 times bigger than London\u2019s. However, the gap is growing smaller every year.<\/p>\n

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Compared to New York entrepreneurs, Silicon Valley entrepreneurs are 50% less likely to build marketplaces but 23% more likely to be build social networks.<\/p>\n

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Compared to entrepreneurs in Silicon Valley, London entrepreneurs are 50% more likely to build eCommerce products but 35% less likely to build social products.<\/p>\n

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Meanwhile, Silicon Valley entrepreneurs are 13% more likely to tackle new markets than London entrepreneurs.<\/p>\n

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However, London entrepreneurs are 21% more likely than Silicon Valley entrepreneurs to tackle existing markets with better products.<\/p>\n","protected":false},"excerpt":{"rendered":"

Sydney and Melbourne are among the world\u2019s top 25 start-up ecosystems, according to new findings, ranked 21st and 22nd respectively,<\/p>\n","protected":false},"author":1,"featured_media":58554,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[17,1],"tags":[],"_links":{"self":[{"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/posts\/47425"}],"collection":[{"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/comments?post=47425"}],"version-history":[{"count":0,"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/posts\/47425\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/media\/58554"}],"wp:attachment":[{"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/media?parent=47425"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/categories?post=47425"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/tags?post=47425"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}