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Detroit Ranked No. 1 Emerging Startup Ecosystem

The results are in and they prove what we already know - Detroit is one of the best places to start a business. Startup Genome’s 2022 Global Startup Ecosystem Report recognizes Detroit as the top emerging startup ecosystem.

Detroit is the No. 1 emerging startup ecosystem globally, according to newly released rankings from Startup Genome’s 2022 Global Startup Ecosystem Report (GSER). The GSER provides a comprehensive review of the startup world, with data from over three million companies across 280+ entrepreneurial innovation ecosystems.
Detroit’s top ranking marks a 13-spot jump from the previous year, solidifying the city’s growth in early-stage funding and investor activity, number of scale-ups and unicorns in the ecosystem, IP commercialization and ability to retain talent. According to the report, Detroit also ranked first in GSER’s list of Top 10 Ecosystems by Ecosystem Value at $90.6 billion, outranking both national and global cities such as Kuala Lumpur, Hong Kong, Jakarta and Minneapolis.

Read more about the study here.

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1 Comment

Unknown member
Sep 09, 2022

But seriously, how many cake factories, cannabis stores, nail salons and check cashing businesses will survive more than a year in Detroit? It's not the number of startups that matters as much as how many remain viable. Small businesses have struggled in Detroit for a long time. That's no accident. Big box operation and online sellers have cut into the once viable neighborhood economies. Dan Gilbert is the exception. The Ilitch's, since the passing of Mike, crushes competition and distinguishing itself with record-setting attendance at Tiger's games but never a winning record. Success is measured by attendance, not winning. That's the story of Detroit being used for profit and not much else.

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