The Best Cities for Young Entrepreneurs | Global Trade Magazine
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  May 24th, 2018 | Written by

The Best Cities for Young Entrepreneurs

Study Reveals Top Cities for Startups

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  • Cities study based on the business ecosystem and appeal to millennials.
  • Seven US cities feature in the top ten in study for business ecosystem.
  • Amsterdam only Western European city to feature in top 20 in study for business ecosystem.

Nestpick, an apartment search engine based in Geremany, has released a study revealing the top 110 cities for entrepreneurial millennials, based on factors such as startup ecosystem and employment. Nestpick conducted this study in order to pinpoint which cities are successfully attracting this generation and therefore a core future workforce.

Millennials grew up in a shrinking world, where the internet opened doors their parents never could have dreamed of, and budget airlines made those avenues real possibilities,” said Ömer Kücükdere, Managing Director of Nestpick. “It’s now possible to live and work anywhere in the world, and these opportunities are shaping how our planet will look to future generations.

“We must learn to adapt to the needs of younger people in order to have a thriving economy,” he added, “and we believe that this ranking offers valuable insights to those cities looking for regeneration from a younger demographic.”

The top 20 cities for business ecosystem are San Francisco, Amsterdam, New York, Denver, Kuala Lumpur, Boston, Miami, Shanghai, Los Angeles, Philadelphia, Seattle, Budapest, Beijing, Tel Aviv, London, Vancouver, Portland, Moscow, Austin, and Sydney.

The top 20 best millennial cities are: Berlin, Montréal, London, Amsterdam, Toronto, Vancouver, Barcelona, New York, Cologne, Manchester, Hamburg, Bristol, San Francisco, Austin, Paris, Miami, Munich, Lisbon, Glasgow, and Madrid.

Among other findings, Beijing ranked highest for employment, followed by San Francisco and Austin. New York had the highest score for its startup ecosystem, followed by San Francisco and London. Hong Kong ranked highest for tourism, followed by Bangkok and London.

Guadalajara had the highest score for housing, followed by fellow Mexican city Monterrey and Medellín, Colombia. Bangkok ranked highest for food, followed by Kuala Lumpur and Lima, Peru. Oslo had the highest score for transportation, followed by Washington DC, and Paris. Japanese cities Tokyo and Osaka rank joint highest for health, followed by Singapore. Seoul had the highest score for internet speed, followed by Bergen, Norway, and Denver, Colorado.

London ranked highest for universities, followed by Paris and Seoul. China and Hong Kong ranked highest for access to contraception, followed by the UK. Norway ranked highest for gender equality, followed by Finland and Sweden.

New Zealand ranks highest for immigration tolerance, followed by Canada and Norway. Amsterdam had the highest score for personal freedom and choice, followed by Oslo and Helsinki. Madrid ranked highest for LGBT friendliness, followed by Amsterdam and Toronto.

Berlin had the highest score for nightlife, followed by Paris and Melbourne.

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