At Global-Spin we recognise the importance of having an international team (check out our manifesto here) in the global world we live in. In addition to providing you with insight to different ways of problem solving, creativity, and innovation, having international understanding and presence is incredibly powerful in today’s marketplace  and we have been perusing different articles that share their own opinions about the best cities for setting up your start-up and they all have different picks.
That’s why today we are taking a look at different lists of top cities for international start-ups. We can see that some cities are repeated across the board (such as Barcelona, Spain; London, England; or Melbourne, Australia). What are the main criteria considered? Check out the overviews below:
In this article, the authors consider factors such as the country’s tax rates, the availability of mentors, and the education level of the general population in addition to things like investors and start-up support. Their number one? Seoul, Korea.
On the other hand, in this article, the authors highlight things like the cost of living and real estate prices that a business will have to take on in addition to the regulatory practices, innovation infrastructure, business culture, communication capacity, and strong market potential. They focus on the digital start-up industry and highlight Boston, USA; Melbourne, Australia; Berlin, Germany; Istanbul, Turkey; and Bangalore, India.
Inc. Online Magazine also published their top global start-up hubs here. In this analysis, the authors evaluate a number of options together with the government support, start-up infrastructure, investor capacity, etc. And, despite the UK’s decision to leave the European Union, they name London as a top destination for start-ups looking to get off the ground.
In a more personal study of cities around the world, Hibox published their top ten here. Once an international start-up themselves, this company took into consideration the different levels of competition, available talent, infrastructure, business legislation, and country/city culture when creating their list. In addition to previously mentioned cities, they also highlight Stockholm, Sweden; Santiago, Chile; Buenos Aires, Argentina; and Paris, France.
We talk about the importance that internationalisation can have on a new company, but there is not “right answer.” Every start-up needs to evaluate the pros and cons of starting a business (wherever it may be) and weigh their options carefully. As we can see in previous analysis, different entities value different things and this means that it is important for each new business to keep their particular needs in mind when choose when, where, and how to internationalise.