Detroit leads in startups but needs to think bigger to stay ahead

Eyebrows and glasses of champagne were raised last June when it was announced that Detroit was ranked first among the top 100 emerging startup ecosystems in the world, beating cities like Minneapolis, Houston, Brussels and Hong Kong.

This upbeat news comes from the 2022 Global Startup Ecosystem Report published by Startup Genome, a San Francisco-based research firm that has analyzed hundreds of cities around the world and assessed data from nearly 3 million companies.

Detroit’s top ranking jumped 13 places from a year earlier, bolstering its status by supporting seed funding and investor activity.

Startup Genome was intrigued by the results, as were two local organizations working to help the economy by serving as catalysts to foster startups and jobs – the William Davidson Foundation and Endeavor – as they decided to work together and d further in this research.