When we think of tech start-ups, Northern California region comes to our mind. Companies in Silicon Valley area receive the largest share of funding from venture capitalists, but there are several other promising cities around the country to launch tech start-up.
The following ranking is based on start-up survival rates, available talent pool, day-to-day start-up costs etc.
- Austin, TX – Austin has topped the list, becoming alternative to Silicon Valley. It has a smaller population and that is great for quality of life. It has the necessary talent available needed for tech industry.
- New York, NY – This is city is very much open for business. Internet businesses are thriving in Manhattan. NYC’s mass transit system is a big plus in its digital success.
- Seattle, WA – Seattle has great universities producing engineering and IT graduates. So, it has the highest density of tech talent. This is the biggest advantage for entrepreneurs.
- Denver, CO – It has comparatively low office rents, affordable for budding CEOs and CFOs. It has smaller population, so people enjoy great quality of life.
- Atlanta, GA – It has great public transport and subway system for commuters. Low cost of office spaces is good news for start-up owners. They get more money in hand to expand their business or to hire quality workforce.
- San Francisco, CA – Here, over half of the population holds a Bachelor’s degree. This is fantastic as it means there is a good spread of academic qualification and experience throughout the city to aid recruitment. Major downside is, it is the costliest place to open a new office.
- Washington, D.C. – Academic talent pool is larger than most of the cities. This is fantastic news for anyone looking for a more academically qualified workforce, or looking for specific qualifications that come out of advanced degrees.
- Miami, FL – Miami has one of the most thriving local business cultures of the entire Top 10 cities of this list. It can attract many different businesses from different sectors. It can attract many different businesses from different sectors. Miami is blazing ahead in terms of number of new company formations.
- Los Angeles, CA – It has second lowest transportation cost among the top cities listed here – good news for employees needing to get to their workplaces and the bosses who need to get them there early. LA is great place to start and grow business. It has a high rate of new entrepreneurs.
- Houston, TX – Houston is the best city in terms of office prices. Being highly populated, it gives great local market for businesses. It has a wide variety of skills available, which is a big plus.