As of September 2024, Mexico City topped the list of best cities for startups in Mexico, registering a total score of 14.13. That year, this city also ranked second in the ranking of best cities for startups in Latin America and the Caribbean. Monterrey, capital of the state of Nuevo León, followed second with a score of 3.53 points.
Leading cities for startups in Mexico as of September 2024, by total score
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 546.43 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. (September 16, 2024). Leading cities for startups in Mexico as of September 2024, by total score [Graph]. In Statista. Retrieved November 21, 2024, from https://www.statista.com/statistics/1275293/leading-cities-startups-mexico/
StartupBlink. "Leading cities for startups in Mexico as of September 2024, by total score ." Chart. September 16, 2024. Statista. Accessed November 21, 2024. https://www.statista.com/statistics/1275293/leading-cities-startups-mexico/
StartupBlink. (2024). Leading cities for startups in Mexico as of September 2024, by total score . Statista. Statista Inc.. Accessed: November 21, 2024. https://www.statista.com/statistics/1275293/leading-cities-startups-mexico/
StartupBlink. "Leading Cities for Startups in Mexico as of September 2024, by Total Score ." Statista, Statista Inc., 16 Sep 2024, https://www.statista.com/statistics/1275293/leading-cities-startups-mexico/
StartupBlink, Leading cities for startups in Mexico as of September 2024, by total score Statista, https://www.statista.com/statistics/1275293/leading-cities-startups-mexico/ (last visited November 21, 2024)
Leading cities for startups in Mexico as of September 2024, by total score [Graph], StartupBlink, September 16, 2024. [Online]. Available: https://www.statista.com/statistics/1275293/leading-cities-startups-mexico/