Venture capital, Beijing leads the ranking of cities that receive the most investments in the world. Second New York and third San Francisco
Beijing leads the ranking of Venture Capital investment levels, followed by New York and San Francisco. The financial services platform B2bFinom.de released a study showing which global cities receive the most funds through Venture Capital and public funding. As a company that uses new technologies to improve the business and life of entrepreneurs and professionals in Europe, Finom decided to carry out the study to analyze which world cities are capitals for innovation.
The study divides the technological innovation scenario into different areas, including funding levels Venture Capital, the investments in research and development, And the local startup ecosystem, in addition to considering innovation at the single sector level, for example in artificial intelligence, biotechnology And fintech. The resulting ranking provides insight into which global cities are at the forefront of having ecosystems that are fertile for innovation and reveals which are global leaders in each sector.
Beijing leads the ranking of investment levels. Beijing it is also at the head of the ranking for innovation in the AI & Machine learning sector, followed by New York And San Francisco. San Francisco tops the overall ranking, scoring high on factors such as R&D investment, as well as the startup ecosystem. Beijing And New York they rank second and third respectively. Paris is the only European city in the global Top 10. London ranks first for innovation in the Banking and Financial Services, Fintech and IT & Software Development sectors.
“As a financial services platform aimed at businesses and professionals, we know that innovation rarely occurs in isolated contexts”, commented the Italy Country Manager of Finom, Antonio la Mura. “Over the years, successful innovative companies have built a support ecosystem in their cities, such as Ferrari, which almost a century ago brought jobs and manufacturing skills to the city of Modena. Later, thanks to the deep knowledge of the sector and the highly skilled workforce, other automotive companies also moved to the city, such as Lamborghini And Maserati. This process led to the creation of the so-called “Land of Motors” in Emilia-Romagna. The same trend can also be observed today, with different cities being at the forefront of innovation from different sectors. For example, the study shows that Boston is the leading city for biotechnology innovation, while San Francisco is the most innovative city in the field of green technologies. They are cities with considerable expertise in these sectors and a galaxy of supplier companies that feed the supply chain ”.
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