With a quality score of 2.03 points, Lagos ranked as the best African city for startups in 2021, according to data provided by StartupBlink. Lagos ranked first in Africa and 79th worldwide in the quality ranking. The 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”.
Leading cities for startups in Africa in 2021, by quality 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 328.966 points (maximum score awarded to San Francisco, U.S., the best ranked city in the world according to the Startup Ecosystem Rankings 2021 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. (October 31, 2021). Leading cities for startups in Africa in 2021, by quality score [Graph]. In Statista. Retrieved December 22, 2024, from https://www.statista.com/statistics/1275598/top-cities-for-startups-in-africa-by-quality-score/
StartupBlink. "Leading cities for startups in Africa in 2021, by quality score." Chart. October 31, 2021. Statista. Accessed December 22, 2024. https://www.statista.com/statistics/1275598/top-cities-for-startups-in-africa-by-quality-score/
StartupBlink. (2021). Leading cities for startups in Africa in 2021, by quality score. Statista. Statista Inc.. Accessed: December 22, 2024. https://www.statista.com/statistics/1275598/top-cities-for-startups-in-africa-by-quality-score/
StartupBlink. "Leading Cities for Startups in Africa in 2021, by Quality Score." Statista, Statista Inc., 31 Oct 2021, https://www.statista.com/statistics/1275598/top-cities-for-startups-in-africa-by-quality-score/
StartupBlink, Leading cities for startups in Africa in 2021, by quality score Statista, https://www.statista.com/statistics/1275598/top-cities-for-startups-in-africa-by-quality-score/ (last visited December 22, 2024)
Leading cities for startups in Africa in 2021, by quality score [Graph], StartupBlink, October 31, 2021. [Online]. Available: https://www.statista.com/statistics/1275598/top-cities-for-startups-in-africa-by-quality-score/
