Innovation Index Ranks Boston 5th for Startup Success
2014 was a great year for venture capital funding in Boston, with $4.2 billion raised, and a 61 percent increase from 2013 to 2014 for tech alone. But, where does Boston rank compared to the rest of the country?
At BostInno’s Third Annual State of Innovation 2015 event (that I recapped last week), Reid Snyder of Streetwise Media unveiled the Innovation Index, a resource for ranking the startup economy, which puts Boston fifth in the nation for startup success! That’s up three spots from Forbes’ 2014 startup ranking.
The Innovation Index compared 50 cities, looking at five categories, including:
- The number of technology startups popping up
- The amount of VC investments coming in
- The city’s higher education enrollment
- The city’s livability and quality of life
- The city’s economy
Reid noted that a successful startup city requires a range of people, from promoters and capital sources to talent and supporters, to get new companies off the ground and running successfully. And, that’s something the Innovation Index found Boston to have in droves. Streetwise found that Boston − trailing only Boulder, San Jose, San Francisco and Washington − is where some of the most promising growth stories are happening across the country.
Working with many local startups, we’ve found that success can often hinge on a solid marketing and startup PR strategy to get the word out, generate leads, boost users and help raise subsequent funding rounds. Check out some of our clients and case studies to learn more!