In 2022, Startup Genome’s Global Startup Ecosystem Report ranked Philadelphia as the 27th-best startup ecosystem in the world and number eleven within the U.S. In 2023, Philadelphia retained these exact rankings.
The report bases its ranking on a variety of factors, including performance, funding, connectedness, market reach, talent and experience, and knowledge. In its evaluation, Startup Genome highlighted Philadelphia’s “excellent educational institutions and diverse workforce are attracting startups.”
Startup Genome also estimated that the total value of Philadelphia’s startup ecosystem in 2023 is $68 billion, which is nearly double the global average of $34.6 billion.
Read more about the report here: