New York is a special kind of tech heavyweight.
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When 2thinknow performed its analysis, it found the same: Startups and venture capital play a major role in LA's tech sector boom. The report also found the total wealth output hovers around $58 billion. In 2014, a report from the LA County Economic Development Corporation suggested that LA had more high-tech sector jobs than any other region in the US. And big-name companies like Facebook and Amazon have set up R&D offices in Boston to pull from this growing pool of talent. The city has a handful of venture capital firms (Battery Ventures, Atlas Venture, Bessemer Venture Partners, Matrix Venture Partners) that pour money into innovation labs and university startups. A recent report found Illinois was among the top five in high-tech jobs- 5.28% of all available roles - compared to other US states, with the Windy City making up a big chunk of those spots.īrookings Institution also says Chicago is a hotbed for urban planning innovation, driven largely by City Digital, a Chicago-based project designed to solve infrastructure problems related to energy management, water, and transportation.Ī huge number of exciting biotech and robotics technologies have come out of Boston over the last several years, mainly from elites schools like like MIT, Harvard, Tufts, and Northeastern. You might not think of the Midwest as a startup magnet, but Chicago is quickly proving that assumption false. In 2thinknow's analysis, the Texas city climbed from 28th in 2016 to just outside the top 10 because of its rapid growth in the number of venture capitalists and integration of technology into the city landscape. Within the last couple years, Dallas has established itself as a startup hub. The proximity to the federal government mixed with the deep pockets of nearby venture-capital firms makes starting a world-changing company an appealing prospect in the city. In addition, more than 1,000 startups call Washington, DC home. The US capital has been rapidly expanding its tech scene over the last decade, growing its overall number of tech-related jobs by 50%. Venture capital in the city is still small compared to nearby New York, but the VC presence is growing. In 2010, InviteMedia sold to Google for $81 million. The number of startups and venture capital firms in Philadelphia is higher than in some of the biggest cities in the world, including Madrid, Dublin, and Shanghai.ĭuckDuckGo, InviteMedia, and Monetate have all emerged from the city. Most recently, Mayor Sylvester Turner has announced he'll look to modernize Houston's healthcare sector and ramp up cybersecurity by partnering with leading Israeli companies. City government makes use of big data to run more efficiently in both its internal operations as well as the housing sector. One of two Texas cities on 2thinknow's ranking, Houston is well-connected from a smartphone and smart cities perspective.
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What used to be a city devoted to hardware manufacturing is moving on to software, particularly as a number of Silicon Valley startups have started relocating to the Southwest.Ī report from 2015 found the city's software sector is expected to grow 14% by 2019, surpassing Denver and Austin in the total number of information and communication technology workers. Larger companies like Google, Twitter, and Facebook have set up shop in recent years. There's also a nascent startup culture involving companies that focus on international ventures, given the city's proximity to South America.
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In 2thinknow's analysis, Miami scored extremely high in measures of smartphone and city innovation. Known more for its beaches and party scene than its tech, Miami has a high level of tech sophistication baked into its urban landscape. If you want to know what the future will look like, these are the cities to keep an eye on.
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The firm chose 10 factors related to technological advancement - including the number of patents filed per capita, startups, tech venture capitalists, level of smartphone use, and ranking in other innovation datasets - weighted them, and ranked a list of 85 cities accordingly. To get a sense of which cities do that the best, Business Insider consulted 2thinknow, a research firm that analyzes innovative cities, to rank the most high-tech cities in the US. The cities that will flourish rely on cutting-edge technologies and create opportunities for people to develop new innovations. In less than 35 years, the World Health Organization estimates that two-thirds of the world population will be living in urban areas.