After almost cracking the top 50 in a major ranking of global startup ecosystems a year ago, Ottawa barely remains inside the top 100 in the 2021 list.
StartupBlink, an Israel-based tech research centre, released its latest ranking of global startup ecosystems on Wednesday.
The report algorithmically ranks 1,000 cities and 100 countries on a variety of tech factors, including the sheer number of startups, accelerators and co-working spaces in a location; the size and market share of a city or country’s tech firms; and the overall business environment when it comes to factors such as regulations, censorship, R&D investment and available tech infrastructure.
The rankings look to highlight both the well-established cities and countries when it comes to starting a tech firm as well as the regions on the rise.
Ottawa fell 32 spots in this year’s list, dropping to No. 89 from No. 57 a year ago. The capital took the fourth spot nationally behind Toronto (No. 26), Vancouver (No. 42) and Montreal (No. 46). The report highlighted e-commerce and retail as the National Capital Region’s overperforming industry.
San Francisco, New York and Beijing – which moved up three places to knock London out of the bronze-medal position – took the top three spots globally.
Canada maintained its fourth-place ranking on the countries list, just ahead of Germany and behind only the United States, which holds a dominant grip on the top spot, the United Kingdom and Israel.
StartupBlink draws its information from its own database of more than 70,000 startups as well as from partners Crunchbase, Coworker, Findexable, the Health Innovation Exchange, the Joint United Nations Programme on HIV/AIDS, Meetup and Semrush.