Credit: Matt Wang
According to Startup Genome, Vancouver ranks No. 21 in the world
When innovation policy consulting and research company Startup Genome announced the Life Sciences edition of its 2021 Global Startup Ecosystem Report last week, Silicon Valley topped the list (shocks). And although the publication of no. 1st place is about as surprising as Simone Biles winning a gold medal, we are quite excited for No. 21.
Vancouver, which can now be called Tamara Manina by life sciences ecosystems (she is the 21st most decorated Olympic gymnast in the world, and yes, we stick to this metaphor), ranked the highest of all Canadian cities. Startup Genome collected data from 3 million companies across 280 ecosystems, judging each region based on six factors: performance, funding, connectedness, market reach, knowledge and talent.
Although Vancouver was the only Canadian city to reach the top 25, four more came on the list of ecosystems to see – Montreal, Quebec City, Edmonton and Toronto-Waterloo.
Global results concluded it 48 percent of the top 25 life sciences startup ecosystems are in North America (Boston, New York, San Diego, and Los Angeles all beat Vancouver), but 70 percent of the continent’s entire ecosystem value comes from Silicon Valley, New York City, Boston, and LA alone. They are the true GOATS.
You can read the full report here.