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	<title>VentureBeat &#187; startup ecosystem</title>
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		<title>In death, BlackBerry gives life to startups in southern Ontario</title>
		<link>http://venturebeat.com/2013/04/30/in-death-blackberry-gives-life-to-startups-in-southern-ontario/</link>
		<comments>http://venturebeat.com/2013/04/30/in-death-blackberry-gives-life-to-startups-in-southern-ontario/#comments</comments>
		<pubDate>Tue, 30 Apr 2013 15:29:14 +0000</pubDate>
		<dc:creator>John Koetsier</dc:creator>
				<category><![CDATA[Business]]></category>
		<category><![CDATA[Deals]]></category>
		<category><![CDATA[Entrepreneur]]></category>
		<category><![CDATA[Blackberry]]></category>
		<category><![CDATA[Canada]]></category>
		<category><![CDATA[featured]]></category>
		<category><![CDATA[Ontario]]></category>
		<category><![CDATA[RIM]]></category>
		<category><![CDATA[startup ecosystem]]></category>
		<category><![CDATA[Startup Genome]]></category>
		<category><![CDATA[startups]]></category>
		<category><![CDATA[Toronto]]></category>
		<category><![CDATA[Waterloo]]></category>

		<guid isPermaLink="false">http://venturebeat.com/?p=728099</guid>
		<description><![CDATA[<p>Best known, perhaps, for being the headquarters of BlackBerry, Waterloo is a small suburb of Toronto with a population of 98,000 in which 500 startups were born in&#160;2012.</p>
<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=venturebeat.com&#038;blog=342986&#038;post=728099&#038;subd=venturebeat&#038;ref=&#038;feed=1" width="1" height="1" />]]></description>
				<content:encoded><![CDATA[<p><a href="http://venturebeat.files.wordpress.com/2013/04/large_6196828043.jpg" target="_blank"><img class="aligncenter size-full wp-image-728101" alt="broken BlackBerry" src="http://venturebeat.files.wordpress.com/2013/04/large_6196828043.jpg?w=1024&#038;h=685" width="1024" height="685" /></a>TORONTO &#8212; Best known, perhaps, for being the headquarters of BlackBerry, Waterloo is a small suburb of Toronto with a population of 98,000 in which 500 startups were born in 2012.</p>
<p>I&#8217;m in Ontario, Canada, on a press junket put on by the government to highlight the startup scene in Canada&#8217;s most populous province.</p>
<p>40-50 percent of venture capital in Canada is put to work in Ontario, which is pushing past traditional industries and looking for investment and jobs in high-growth technology-focused companies. Those traditional industries include automotive &#8212; more cars are built in Ontario than anywhere in North America, including Michigan &#8212; and financial services, which employs more people in Ontario than anywhere else in the Americas besides New York.</p>
<p>But the most interesting stat is about the burgeoning startup scene, particularly in Waterloo, Ontario. Toronto is the big kahuna in southern Ontario, with a population of over 2.6 million. But Waterloo is where Google, Oracle, EA, and Intel have set up offices, where BlackBerry grew from nothing to leading the smartphone industry, and where startups are popping up incredibly fast.</p>
<p>BlackBerry, of course, is quickly returning to nothing, but as often happens in the tech industry, the cycle of creative destruction is resulting in a whole new cohort of hot young startups.</p>
<p>&#8220;Waterloo and the culture of startups there is because of RIM,&#8221; John Marshall, the president and CEO of the Ontario Capital Growth Corporation says. &#8220;You&#8217;ve got kids coming up who saw their parents do it.&#8221;</p>
<p>While it&#8217;s a little early to call BlackBerry dead, the fact is that former Research in Motion is indeed in motion, downwards. Apple, Google, Android, and Samsung have taken over market leadership in mobile phones, and <a href="http://venturebeat.com/2013/04/01/android-up-13-ios-down-7-blackberry-down-81-and-windows-phone-up-a-massive-52/">Microsoft looks to be passing BlackBerry with Windows Phone</a>.</p>
<p>But the result has been a two-track acceleration of southern Ontario&#8217;s entrepreneurship engine. First, as Marshall says, new blood sees that global success is possible. And second, the high-tech workforce shed by a downsizing BlackBerry feeds the founding and growth of small startups.</p>
<p>That&#8217;s music to the ears of Ontario officials like Bill Mantel, the assistant deputy minister of the Ministry of Research and Development, which has invested $3.6 billion over the past decade in the startup ecosystem: R&amp;D, seed funding, and ecosystem improvement.</p>
<p>&#8220;We want the world&#8217;s next biggest tech company to be built in Ontario,&#8221; Mantel says. &#8220;It&#8217;s about job growth … about half of all job growth is provided by the 3-4 percent of high-growth companies.&#8221;</p>
<p>That includes companies like Desire2Learn, located about 12 minutes away in Kitchener, Ontario. Desire2Learn has gone from 400 employees to 800 in a matter of months as it took the <a href="http://venturebeat.com/2012/09/04/desire2learn-funding/">largest VC investment into a single company in Canada</a> &#8212; $80 million &#8212; just last September, after bootstrapping for almost a decade.</p>
<p>The results are also visible elsewhere.</p>
<p>&#8220;In the <a href="http://venturebeat.com/2012/11/20/silicon-valley-tel-aviv-l-a-seattle-and-nyc-lead-top-20-tech-hubs-on-the-planet/">StartUp Genome report from last year</a>, Ontario had two cities in the top 20,&#8221; Mantel says. &#8220;Toronto was eighth, Waterloo was 16th, and we think Ottawa should have made the list too.&#8221;</p>
<p>There hasn&#8217;t really been the emergence of a BlackBerry mafia, in the sense that the PayPal mafia has kickstarted whole waves of startups in Silicon Valley. But perhaps, in a backwards sense, BlackBerry has had a similar effect in southern Ontario.</p>
<p><em>photo credit: <a href="http://www.flickr.com/photos/miggslives/6196828043/" target="_blank">miggslives</a> via <a href="http://photopin.com" target="_blank">photopin</a> <a href="http://creativecommons.org/licenses/by/2.0/" target="_blank">cc</a></em></p>
<p><em>Disclosure: Ontario&#8217;s ministry of economic development paid VentureBeat&#8217;s costs to send me on this tour of Ontario companies and the venture capital scene. My coverage, however, is my own.</em></p>
<br />Filed under: <a href='http://venturebeat.com/category/business/'>Business</a>, <a href='http://venturebeat.com/category/deals/'>Deals</a>, <a href='http://venturebeat.com/category/entrepreneur/'>Entrepreneur</a>  <img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=venturebeat.com&#038;blog=342986&#038;post=728099&#038;subd=venturebeat&#038;ref=&#038;feed=1" width="1" height="1" /><div class="post-meta-blurb post-meta-after blurb-tag-startups"><hr />

<a href="http://spr.ly/SAPStartups" data-vb-ga-outbound="SAPboilerplate"><img class="alignleft  wp-image-733023" alt="SAP Startup Focus" src="http://venturebeat.files.wordpress.com/2011/05/sap-sfp-vert11.png" width="135" height="88" /></a>Big Data and Predictive/Real-time Analytics startups: Are you looking to jumpstart development &amp; accelerate market traction? Sign up for the SAP Startup Focus program to receive technology, support, resources and community to help you develop new applications on SAP HANA, a cutting edge database platform. <a href="http://spr.ly/SAPStartups" data-vb-ga-outbound="SAPboilerplate">Get started here</a>, and enter promo code “VB2013″ on the form.

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	<enclosure url="http://venturebeat.files.wordpress.com/2013/04/large_6196828043.jpg?w=160" /><source url="http://venturebeat.com/2013/04/30/in-death-blackberry-gives-life-to-startups-in-southern-ontario/">In death, BlackBerry gives life to startups in southern Ontario</source>
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		<title>Silicon Valley, Tel Aviv, L.A., Seattle, and NYC lead top 20 tech hubs on the planet</title>
		<link>http://venturebeat.com/2012/11/20/silicon-valley-tel-aviv-l-a-seattle-and-nyc-lead-top-20-tech-hubs-on-the-planet/</link>
		<comments>http://venturebeat.com/2012/11/20/silicon-valley-tel-aviv-l-a-seattle-and-nyc-lead-top-20-tech-hubs-on-the-planet/#comments</comments>
		<pubDate>Wed, 21 Nov 2012 00:39:35 +0000</pubDate>
		<dc:creator>John Koetsier</dc:creator>
				<category><![CDATA[Big Data]]></category>
		<category><![CDATA[Business]]></category>
		<category><![CDATA[Deals]]></category>
		<category><![CDATA[Entrepreneur]]></category>
		<category><![CDATA[featured]]></category>
		<category><![CDATA[founders]]></category>
		<category><![CDATA[los angeles]]></category>
		<category><![CDATA[New York]]></category>
		<category><![CDATA[Seattle]]></category>
		<category><![CDATA[silicon valley]]></category>
		<category><![CDATA[startup ecosystem]]></category>
		<category><![CDATA[startups]]></category>
		<category><![CDATA[tech hubs]]></category>
		<category><![CDATA[Tel Aviv]]></category>
		<category><![CDATA[Vancouver]]></category>
		<category><![CDATA[Venture Capital]]></category>

		<guid isPermaLink="false">http://venturebeat.com/?p=577799</guid>
		<description><![CDATA[<p>The Startup Genome has analyzed 50,000 startups around the world to create what it is calling the first "data-driven ranking" of the top 20 tech hubs on the&#160;planet.</p>
<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=venturebeat.com&#038;blog=342986&#038;post=577799&#038;subd=venturebeat&#038;ref=&#038;feed=1" width="1" height="1" />]]></description>
				<content:encoded><![CDATA[<p><a href="http://venturebeat.com/2012/11/20/silicon-valley-tel-aviv-l-a-seattle-and-nyc-lead-top-20-tech-hubs-on-the-planet/startup-ecosystem-ranking-2012-3/" rel="attachment wp-att-577836"><img class="aligncenter size-full wp-image-577836" title="Startup Ecosystem Ranking 2012" alt="" src="http://venturebeat.files.wordpress.com/2012/11/startup-ecosystem-ranking-20122.jpg?w=1024&#038;h=424" height="424" width="1024" /></a>The <a href="http://blog.startupcompass.co" target="_blank">Startup Genome</a> has analyzed 50,000 startups around the world to create what it is calling the first &#8220;data-driven ranking&#8221; of the top 20 tech hubs on the planet. And to highlight just how important startups are to national and global economies.</p>
<p>Who knew, for example, that Sydney, Australia, is global capital of &#8220;data-driven startups?&#8221; Or that the top nine startups of the last 15 years have generated nearly a trillion dollars in value, helped along by the likes of Facebook, Google, and Amazon? And while everyone would likely have guessed that Silicon Valley is the top hub of entrepreneurship on the planet, with Tel Aviv high on the list (if not exactly second), Los Angeles coming in third is a bit of a surprise.</p>
<p>The conclusions are based on data from startups that use the <a href="https://www.startupcompass.co" target="_blank">Startup Compass</a>, a tool that helps founders make better  decisions through data. Startup Genome analyzed factors such as startup incidence, funding availability, business performance, founder mindset, technology trends, support networks, and talent availability to find the hottest locations to start and grow a company.</p>
<p>Here are the top 20 technology hubs, as defined by the Startup Genome:</p>
<ol>
<li>Silicon Valley</li>
<li>Tel Aviv</li>
<li>Los Angeles</li>
<li>Seattle</li>
<li>New York City</li>
<li>Boston</li>
<li>London</li>
<li>Toronto</li>
<li>Vancouver</li>
<li>Chicago</li>
<li>Paris</li>
<li>Sydney</li>
<li>Sao Paulo</li>
<li>Moscow</li>
<li>Berlin</li>
<li>Waterloo (Canada)</li>
<li>Singapore</li>
<li>Melbourne</li>
<li>Bangalore</li>
<li>Santiago</li>
</ol>
<p>More valuable than the ranking, Startup Genome provided the ranking data for each technology hub on eight key criteria. Using these criteria you can see, for example, that while Vancouver ranks 14th in the support index, probably due to being a relatively young ecosystem, it ranks second in the mindset index (indicating that it has plenty of eager and driving founders) and fourth in the talent index.</p>
<p><a href="http://venturebeat.com/2012/11/20/silicon-valley-tel-aviv-l-a-seattle-and-nyc-lead-top-20-tech-hubs-on-the-planet/startup-ecosystem-ranking-2012-2/" rel="attachment wp-att-577819"><img class="aligncenter size-full wp-image-577819" title="Startup Ecosystem Ranking 2012" alt="" src="http://venturebeat.files.wordpress.com/2012/11/startup-ecosystem-ranking-20121.jpg?w=1024&#038;h=441" height="441" width="1024" /></a></p>
<p>Tel Aviv, on the other hand, ranks second in startup output and equivalent to Silicon Valley in funding, but only 12th in performance, perhaps due to Israeli startups&#8217; sometimes-wondered-at predilection for <a href="http://uk.finance.yahoo.com/news/israelis-race-stay-ahead-global-061621056.html" target="_blank">building smaller companies</a>, outfits that don&#8217;t turn into enormous enterprises.</p>
<p>The report is rich in data and many more details &#8212; you can <a href="http://blog.startupcompass.co/pages/entrepreneurship-ecosystem-report" target="_blank">get your own copy right here</a>.</p>
<p><em>Image credits: Startup Genome</em></p>
<br />Filed under: <a href='http://venturebeat.com/category/big-data/'>Big Data</a>, <a href='http://venturebeat.com/category/business/'>Business</a>, <a href='http://venturebeat.com/category/deals/'>Deals</a>, <a href='http://venturebeat.com/category/entrepreneur/'>Entrepreneur</a>  <img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=venturebeat.com&#038;blog=342986&#038;post=577799&#038;subd=venturebeat&#038;ref=&#038;feed=1" width="1" height="1" /><div class="post-meta-blurb post-meta-after blurb-tag-startups"><hr />

<a href="http://spr.ly/SAPStartups" data-vb-ga-outbound="SAPboilerplate"><img class="alignleft  wp-image-733023" alt="SAP Startup Focus" src="http://venturebeat.files.wordpress.com/2011/05/sap-sfp-vert11.png" width="135" height="88" /></a>Big Data and Predictive/Real-time Analytics startups: Are you looking to jumpstart development &amp; accelerate market traction? Sign up for the SAP Startup Focus program to receive technology, support, resources and community to help you develop new applications on SAP HANA, a cutting edge database platform. <a href="http://spr.ly/SAPStartups" data-vb-ga-outbound="SAPboilerplate">Get started here</a>, and enter promo code “VB2013″ on the form.

<hr /></div><style type="text/css">.blurb-tag-startups hr {
margin: 10px 0 10px 0;
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