Pittsburgh Continues to Advance in Global Startup Ecosystem Ranking
Pittsburgh is highlighted in the world’s paramount report on enriching startup and economic growth, ranking as the #13 global Emerging Ecosystem overall
Pittsburgh is highlighted in the 2022 Global Startup Ecosystem Report (GSER) that was launched today at London Tech Week by Startup Genome. The GSER is the world’s most comprehensive research on startups and includes over 280 entrepreneurial innovation ecosystems, with over 3 million startups analyzed each year. Pittsburgh is ranked this year as the 13th global Emerging Ecosystem overall, up from the 23rd last year, indicating significant progress and promise in the Pittsburgh region.
“When it comes to launching a new tech startup Pittsburgh is open for business,”
“We are proud to see our city jump 10 spots on the Global Startup Ecosystem Report, and are eager to dig in and do more work so we can continue to climb in the rankings. Tech isn’t the economy of tomorrow, it is the economy today, and by working together with our regional partners we can ensure that the tech ecosystem in Pittsburgh can create pathways towards prosperity for everyone in our city” said Mayor Ed Gainey.
The InnovatePGH Partnership, Pittsburgh Regional Alliance, and Innovation Works, in collaboration with the City of Pittsburgh, have worked in concert with Startup Genome to showcase Pittsburgh’s entrepreneurial ecosystem in the 2022 GSER. Key findings on the Pittsburgh region are listed below:
Global ranking as the #13 Emerging Ecosystem overall, up from #23 last year.
Top 20 Global Emerging Ecosystem, Top 25 North American Ecosystem, and #3 North American Emerging Ecosystem in Funding — measures innovation through early stage funding and investor’s activity
Top 25 Global Emerging Ecosystem, Top 30 North American Ecosystem, and #5 North American Emerging Ecosystem in Talent & Experience — measures long term trends over the most significant performance factors and the ability to generate and keep talent in the ecosystem
Top 20 Global Emerging Ecosystem, Top 25 North American Ecosystem, and Top 10 North American Emerging Ecosystem in Performance — measures the size and performance of an ecosystem based on the accumulated tech startup value created from exits and funding
Created $11.6b in Ecosystem Value from July 1, 2019 to December 31, 2021
The Pittsburgh Innovation District, high-quality tech talent, and affordability are cited as reasons a startup should move to Pittsburgh
The Advanced Manufacturing & Robotics, Life Sciences, and Cleantech sectors are highlighted for their density of talent, support resources, and startup activity
Jake Loosararian, Founder and CEO at Gecko Robotics, a Pittsburgh-based startup, says, “Pittsburgh’s improvement as a startup ecosystem is important both in terms of reality and recognition. The recognition is dramatic, while the reality has been steady and continuous, not overnight - reflecting the region’s history of industrial leadership, ingenuity, and old-fashioned grit. It’s also important to highlight Pittsburgh as a leader in tech generally - we’re the robotics capital, but we’re also leaders in software, biotech and biomanufacturing, and consumer internet. For a fast-growing startup, Pittsburgh is a great place to be for the core reasons outlined by GSER: the concentration of tech talent, the intensive support for R&D, and our affordability and livability (which will only become more important with rising inflation, increased focus on quality of life, and the decline of traditional tech hubs). Pittsburgh offers venture investor innovation and growth, and value investor fundamentals and durability.”
The GSER was created in partnership with the Global Entrepreneurship Network, Dealroom and Crunchbase. The 2022 Edition provides insights and guidance to public and private leaders on how to foster thriving startup communities — the #1 engine of job creation and economic growth.
Learn more about Pittsburgh’s startup and innovation ecosystem at ASTRI.