A new report released today by Startup Genome (pdf) ranks the world’s top 20 startup areas. They used data collected by users of its Startup Compass tool, launched last year, which helps tech companies take a data-based approach to avoiding failure. Fifty interviews were also conducted for the report, which was compiled in association with UC Berkeley, Stanford and Telefónica Digital.
Silicon Valley tops the list, but Israel’s Tel Aviv comes in second place. Looking beyond the US, the UK, Canada, France, Australia, Brazil, Russia, Germany, Singapore, India and Chile are all represented in the top 20.
Factors considered for the top 20 ranking included startup output; funding; company performance; talent; support infrastructure; entrepreneurial mindset; trendsetting tendencies, and ecosystem differentiation from Silicon Valley.
The report indicates some characterise these areas have in common include political stability, a talent pool, education system, access to capital and mentors with knowledge. Together they provide a strong platform for cities and areas to create their own Silicon Valley equivalents.