During the past decade, much of the discussion about start-up ecosystems has been centered on the question of which city or region will become “the next Silicon Valley”. Although there are several places with promising growth trajectories, we frankly think this view is short-sided. It implies there needs to be a new champion overshadowing the old one.
In fact, there will be no “next Silicon Valley”. Instead, new research from Start-up Genome’s 2019 Global Start-up Ecosystem Report (GSER) points to there being 30 “next” hubs that will reach critical mass and reshape the state of the global economy. While none of them will be as big as Silicon Valley in the foreseeable future, each will thrive due to either regional dominance or start-up sub-sector leadership.
Now, it’s not obvious which ecosystems will end up as the global change agents we predict, but we have some big clues. The first place we should look to determine the next hotspots is at present start-up ecosystem rankings. We rank 150 leading start-up ecosystems each year, incorporating data on more than a million companies globally. The newest list shows Silicon Valley is at the top, but following it are New York City, London, Beijing, Boston, Tel Aviv, Los Angeles, Shanghai, Paris and Berlin.
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