In 2023, Sao Paulo topped the list of best cities for startups in Brazil, registering a total score of 34.83. That year, this city also ranked as the top city for startups in Latin America and the Caribbean. Curitiba, capital of the southern state of Paraná, followed second with a score of 5.03 points.
Leading cities for startups in Brazil in 2023, by total score
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Total score
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The source states that the total score of the rankings is a sum of the quantity, quality, and business environment individual scores. The score ranges from 0 to 546.427 points (maximum score awarded to San Francisco, U.S., the best ranked city in the world according to the Startup Ecosystem Rankings 2023 report).
Quantity Score: Takes into account different metrics, such as number of startups, number of coworking spaces, and number of accelerators, to establish the activity level of the startup ecosystem
Quality Score: Studies parameters that indicate qualitative results achieved by the ecosystem. These parameters include analyzing the traction of the ecosystem’s top startups, as well as reviewing “special entities” the ecosystem has produced: Unicorns, Exits, and Pantheon
Business Score: It is a mix of business and economic indicators at the national level, discounted for cities that haven't reached a critical mass either for Quantity or Quality
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StartupBlink. (May 31, 2023). Leading cities for startups in Brazil in 2023, by total score [Graph]. In Statista. Retrieved August 24, 2024, from https://www.statista.com/statistics/1275286/leading-cities-startups-brazil/
StartupBlink. "Leading cities for startups in Brazil in 2023, by total score ." Chart. May 31, 2023. Statista. Accessed August 24, 2024. https://www.statista.com/statistics/1275286/leading-cities-startups-brazil/
StartupBlink. (2023). Leading cities for startups in Brazil in 2023, by total score . Statista. Statista Inc.. Accessed: August 24, 2024. https://www.statista.com/statistics/1275286/leading-cities-startups-brazil/
StartupBlink. "Leading Cities for Startups in Brazil in 2023, by Total Score ." Statista, Statista Inc., 31 May 2023, https://www.statista.com/statistics/1275286/leading-cities-startups-brazil/
StartupBlink, Leading cities for startups in Brazil in 2023, by total score Statista, https://www.statista.com/statistics/1275286/leading-cities-startups-brazil/ (last visited August 24, 2024)
Leading cities for startups in Brazil in 2023, by total score [Graph], StartupBlink, May 31, 2023. [Online]. Available: https://www.statista.com/statistics/1275286/leading-cities-startups-brazil/