New Delhi [India], Aug 12 (ANI/Mediawire): For decades, the United States has dominated the startup ecosystem space. Six of the top 10 global start-up ecosystems come from the United States of America alone. According to a report by Startup Genome’s Global Ecosystem Report, the country has about 23,444 start-ups with a 64.7% share of billion-dollar start-ups.
But what makes the US start-up ecosystem the right ground for start-ups?
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There are several factors such as government programs, venture capitalists, start-up incubators, and a skilled workforce. According to the National Venture Capital Association, there are over 1,000 venture capital firms that help start-ups with the right funding and the right strategy to keep them growing.
The US government has also taken several proactive measures to promote entrepreneurship in the country. There are several government-backed funding programs to help start-ups find a loan that suits the company’s business needs.
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According to the Business Innovation Association, there are more than 1,000 business incubators that help start-ups by providing them with the necessary workspace, providing training or mentoring facilities or technical knowledge to develop their businesses to United States.
US West Coast Startup Hubs
The Kauffman Foundation says the highest percentage of people starting businesses and the best one-year survival rate are still found in California, on the west coast of the United States.
Silicon Valley in southern San Francisco Bay, California, is home to many of the world’s largest high-tech companies, including more than thirty Fortune 1000 companies. The administration has set up effective laws, regulations and policies to protect commercial interests, ownership of ideas or trade secrets. These factors act as a natural shield for small tech companies and help them survive in fierce competition.
Several other cities on the West Coast of the United States are emerging as future startup hubs and have shown great potential to be the right startup ecosystem. Even cities like Seattle, San Diego, Portland, and Los Angeles are connecting and vying with Silicon Valley for the latest and greatest business ideas and innovations.
Even Alaska is one of the best places to start a business. According to the Tax Foundation, Alaska has 10 corporate income tax brackets and has the third best tax climate for businesses in the nation. The state also has the second highest percentage of available employees and tops the charts with the highest GDP per capita in the nation.
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