Although San Francisco retains its lead over New York, the gap between the two has slightly narrowed from 2.8× to 2.7× New York’s score, with London standing out with a growth rate of nearly 30%, the highest among the three cities.
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The report further highlighted Asia-Pacific’s rapid growth by 27.4%, with the region’s cities like Beijing, driven by a growth rate of over 25%, overtaking Boston to rank 5th.
Singapore City has also made significant strides, moving from 22nd to 12th place in 2025, driven by an impressive growth rate exceeding 50%, placing it closer to entering the top 10.
In a notable mention, Seoul, the capital of South Korea, has entered the global top 20 for the first time, securing the 20th position after achieving over 30% growth for three consecutive years.
As global investors seek diverse investment opportunities, cities worldwide are competing to establish themselves as prominent hubs for startups; listed below are the world’s top 10 startup cities in 2025.
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Global Startup Ecosystem Report: Top 10 startup cities in the world for 2025