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The Knowledge Transfer Network (KTN) has refreshed its online platform to intelligently connect you to relevant events, funding, thought pieces and specialist staff to help your business innovate and grow.

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The move also marks a closer alignment with our main funder, Innovate UK , with the website branding making a clear visual link. Knowledge Transfer Network is Innovate UK's innovation network partner, and also works with other funders to provide innovation networking services and fulfil our mission to drive UK growth.

We link new ideas and opportunities with expertise, markets and finance through our network of businesses, universities, funders and investors. From agri-food to autonomous systems and from energy to design, KTN combines expertise in all sectors with the ability to cross boundaries. Connecting with KTN can lead to potential partners, horizon-expanding events and innovation insights relevant to your needs.

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Which cities are poised to take over from Silicon Valley?

While Silicon valley still leads the starup scene, or eco-system, communities around the world are fast challenging its domation in technological innovation. There is fierce competition for the Silicon crown and controversy about how to measure it. 

An ambitious, collaborative R&D project, known as the “Startup Genome," has set out to take a comprehensive, data-driven dive into what makes startups successful. 

Its Startup Ecosystem Report 2012, published  last week, with Telefónica Digital, suggests that countries are shifting from service-based economies to fast-moving software and technology organisations.

Using data on more than 50,000 startups around the world, the report compiled a global ranking of startup ecosystems based on a 50-variable, 8-component index. Tel Aviv was second to Silicon Valley, in this analysis, with Los Angeles, Seattle, New York City and Boston next and London in seventh place. The full list appears below.

Tel Aviv ranks second globally, because it has the second highest output index of startups, according to the report.  It enjoys  a healthy startup input across the developmental lifecycle, a highly developed funding ecosystem, a strong entrepreneurial culture, a vibrant support ecosystem and a plentiful supply of talent.

Israel, as a whole, has the highest density of tech startups in the world. In 2009, 63 Israeli companies were listed on the tech-orientated NASDAQ - which is more than Europe, Japan, Korea, India, and China combined. Almost every major tech company today has some kind of subsidiary in the country.

While five of the top startup ecosystems in the world are in the U.S., the rest of the world is catching up but the project is missing much data from Asia, reflected in the low rankings of that continent.

The full report is available here and, an interactive hub, for the project, has been set up on the Telefónica Digital website. 

Some of the key findings of the report are as follows:

  1. Even well-developed ecosystems such as New York and London are suffering from a funding gap: they each have more than 70% less ‘risk’ capital available for early-stage, pre-product-market fit startups
  2. Silicon Valley’s success to date can be attributed in part to the attitude of its entrepreneurs. Founders in Silicon Valley work longer than anywhere else, with an average day lasting 9.94 hours. Motivationally, they tend to be driven by impact rather than product 
  3. New York can claim to be the global capital for female tech entrepreneurs. Nearly a fifth of New York’s entrepreneurs are women and it is home to twice as many female-run startups as Silicon Valley
  4. Santiago is a great example of an ecosystem kick-started by policy makers, with Start-up Chile creating a strong support network for entrepreneurs. Santiago startups have 4.81 mentors on average, nearly 25% more than Silicon Valley
  5. Silicon Valley has left its imprint on all global startup ecosystems. Berlin (4%) and Sao Paulo (7%) have the least founders that lived in Silicon Valley, Singapore (33%) and Waterloo (35%) have the most entrepreneurs that were previously based in Silicon Valley 
  6. Even though Singapore has a relatively well-established funding environment, the risk tolerance of founders is the lowest within the top 20 ecosystems   

The Startup Ecosystem Index ranks the world’s top 20 startup ecosystems as:

  1. Silicon Valley

  2. Tel Aviv

  3. Los Angeles

  4. Seattle

  5. New York City

  6. Boston

  7. London

  8. Toronto

  9. Vancouver

  10. Chicago

  11. Paris

  12. Sydney

  13. Sao Paulo

  14. Moscow

  15. Berlin

  16. Waterloo (Canada)

  17. Singapore

  18. Melbourne

  19. Bangalore

  20. Santiago

 

 

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