C) Finally, we had a close look at the funding activity we tracked for those hubs within the past 12 months.Īfterwards, we gave each of these factors specific weightings to get the right ratio – the same algorithm as in past years. B) Then, we’ve been looking at the number of startups that were founded/registered in each of these European cities on CrunchBase and on Dealroom within the past 3 years. A) As the very first step we’ve identified the TOP 150 cities in relation to this year’s visits on – and the associated number of unique visitors (Google Analytics). In order to create this startup ecosystem ranking, we’ve been tracking the following: Let’s see what has changed since the last edition and especially since the COVID-19 crisis came into play. It’s been quite a while since we released the previous edition of this renowned ranking, so it was about time for an updated research. In developed country, cities have a significant advantage in their ability to develop and attract the world's top talent.Since 2011, we’ve published an annual ranking of Europe’s biggest startup hubs. This includes the new applied science and engineering campus it is creating in partnership with Cornell University and The Technion-Israel Institute of Technology, which is expected to generate US$6bn in economic activity. Though supplying the demands of a talent-driven market continues to be a challenge (New York had one of the lowest rankings for human capital – at joint 18th), the city has a range of initiatives underway to help maintain its competitiveness. 
In 2010, the city was second only to Silicon Valley as a source of venture capital funding in the U.S. New York's economy is driven by a range of sources, from the media, arts and fashion, to technology and finance. What makes New York rise to the top of the list? Here's what the report has to say:
Other factors that went into determining the most competitive cities include economic strength, human capital, institutional effectiveness, financial maturity, global appeal, physical capital, social and cultural character, and environment and natural hazards. Here's the complete list of the top 10 most competitive cities in the world:
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