Startup Genome is a which company enables local start-up communities to gather, curate, and display their city’s data and the report assessed 270 systems around the world on; the performance of start-ups, access to early-stage funding, the ability to scale up and the talent available locally.
The two cities ranked second in the UK, behind London and 5th amongst emerging ecosystems in Europe.
With a start-up ecosystem valued at £7.31bn the report said: Liverpool-Manchester firms benefit from global connectivity, outside of London, the largest venture capital concentration, university spin-offs, a huge number of STEM graduates and a concentration of ‘hatcheries’ which drive collaboration.
All of which meant that the region ranked higher than cities such as Chengdu, Dubai, and Lyon.
Tim Newns, CEO of MIDAS, Manchester’s inward investment agency, said: “Manchester’s resilience has been tested like never before during the COVID crisis. This report demonstrates how well Manchester is perceived globally, and as we build back better it will be the entrepreneurs and start-ups grown and attracted here who play a key role in shaping the future of our region.”
The good news is the latest in a series of recent accolades and rankings for Liverpool and Manchester, including Tech Nation evaluating Manchester as the continent’s fastest growing major technology cluster, CompTIA scoring the city as number one in the UK for careers in IT, and an FDI ranking as number one European large city for business friendliness.
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