Vancouver and Toronto-Waterloo Both Make Top 20 In 2017 Startup Genome Report

According to Startup Genome  2 of the top 20 startup ecosystems in the world are located in Canada.

Vancouver (No. 15)
The Vancouver startup ecosystem is currently comprised of 800-1,100 startups and shining success stories. In the early days Slack’s founder estimated the market for the software to be $100 million, which they exceeded in just three years—and have now become the fastest growing business software of all time.

Broadband.tv is now the third largest video streaming site in the world after Facebook and Google.

The dating app Plenty of Fish sold to Match.com for $575 million.

Bitstew exited in 2016 for $157 million – accounting for the largest exit in Canada last year, while TIO Logic exited for $233 million within the first few months of 2017

 

Toronto-Waterloo (No. 16)

The Toronto-Waterloo Corridor stretches from Toronto, Canada’s largest city and financial center to the Waterloo Region, which boasts the second highest density of startups in the world and is the headquarters of some of Canada’s largest tech companies.

These two startup ecosystems have been considered separately in past rankings. However, over the past year, there have been strong signals that the region is increasingly behaving as one ecosystem. Overall, an estimated 2,100-2,700 startups thrive thanks in part to world-class engineering talent, strong entrepreneurial culture, an affordable rental market, and a global base of customers.