The best location in the world to find talent for start-up organizations is a small spot in the Pacific. That’s according to a report from a U.S. company that tracks startups. But the broader findings are a bit more complicated. HPR’s Bill Dorman explains in today’s Asia Minute.
When it comes to locating talent for startup companies, there’s no place like Singapore.
That’s the view from the “Startup Genome”—a U.S. organization which encourages the growth and development of those groups.
Each year, the Startup Genome produces a report ranking various locations around the world on their ability to attract and support startups. Eight factors are considered from funding and market reach to “global connectedness.”
Singapore made the top of the list when it comes to talent—in part because of the availability of experienced software engineers who can also be hired relatively cheaply compared to other places.
That cost factor is what led Singapore to beat out Silicon Valley in this particular category.
But on the broader scale of what the group calls its overall “Startup Ecosystem Ranking,” Silicon Valley still tops the charts. New York is number two followed by London and Beijing.
Three other Asia Pacific locations make the overall top twenty for startups: Shanghai, Bangalore, India and Sydney.
The rest of that list includes four other cities in Europe and two in Canada.
The overall rankings of the best places for startups: still dominated by the United States with a total of 7 of the top 20 spots.