Start-up Genome has ranked the North West as 9th within its latest report on the world’s start-up economies. Startup Genome is the world-leading independent research and policy advisory organisation for governments committed to accelerating the success of their startup ecosystems worldwide. Ranking higher than Dubai and with a start-up ecosystem valued at $9.2billion, their report found that Manchester benefits from international connectivity, a wealth of local university talent, and the largest venture capital concentration outside of London.
The 2020 Global Start-up Ecosystem Report is the most comprehensive and widely read research on start-up ecosystems and ranks cities based on the performance and success of its start-ups, access to early-stage funding and the ability to harness organic growth as a result of local talent.
The report’s findings on Manchester come after recent appraisals by Tech Nation that Manchester is Europe’s fastest-growing major tech cluster, and will be welcome news as the North West seeks to draw on its strengths in sectors such as cybersecurity, eCommerce, life sciences and digital technologies to pave the way through the current period of economic uncertainty caused by COVID-19. As a Firm, we have recognised the resilience of the tech sector during the lockdown period and seen an increase in clients requiring assistance with their e-commerce and tech-focused businesses. As Manchester continues to thrive as a result of its entrepreneurial ecosystem, we look forward to continuing our work alongside our clients within this exciting sector.
Further information on Manchester’s tech-sector prowess can be found within our Tech Lite Summer 2020.