Data Reveals 🌎’s Best Cities To Become An Entrepreneur

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Where to Succeed As a Young Entrepreneur: Revealed

Using the Forbes 30 Under 30 lists from Europe, North America, Russia, Asia and Africa, the business-comparison experts at Bionic conducted research into the world’s greatest young entrepreneurs.

Bionic looked at the industry, city, country, university-education, and gender of each young entrepreneur. It was able to identify the best places to be a young entrepreneur depending on your industry and gender, and which industries and universities are best for career success.

Overall

Countries, cities and universities

Most Popular Industries For Young Entrepreneurs Overall


RankMost Popular Industries OverallNumber of Forbes Under 30s
1Technology209
2Manufacturing116
3Marketing and Media115
4Retail and E-Commerce100
5Social Impact96
6Healthcare and Science90
7Arts and Culture74
8Energy69
9Finance and Venture Capital65
10Education38

Most Popular Cities for Young Entrepreneurs Overall

RankMost Popular CitiesNumber of Forbes Under 30s
1London115
2New York106
3San Francisco88
4Moscow51
5Los Angeles39
6Stockholm17
7Toronto16
8Berlin10
9Boston10
10Chicago10

Despite North America being by far the most popular in providing Forbes Under 30 candidates (5/10 of the top cities were from North America.), London was the most popular city for young entrepreneurs to succeed in. Many candidates in the North America, Asia and Russia lists also lived in London.

Best Countries For Young Entrepreneurs Overall

RankMost Popular CountriesNumber of Forbes Under 30s
1United States428
2United Kingdom145
3Russia109
4India81
5China22
6Germany21
7South Korea17
8Singapore16
9Japan15
10Sweden15


Best Universities for Young Entrepreneurs Overall

RankMost Popular UniversitiesNumber of Forbes Under 30sCountry
1Stanford University47United States
2Indian Institute of Technology23India
3Harvard University22United States
4University of California22United States
5Imperial College London17United Kingdom
6Yale University13United States
7Moscow State University13Russia
8University of Cambridge12United Kingdom
9Colombia University12United States
10University of Pennsylvania11United States

Indian Institute of Technology was the best university in Asia to go to for producing successful entrepreneurs.

Stanford was the best USA university

Imperial College London was the best UK university

14% were either not university-educated, or we could not find education information on them. The percentage of non-university educated Under-30s is likely less than this.

6 out of 10 universities were from North America

Gender

Male-Female Split By Region

Male %Female %Region
70%30%North America
73%27%Africa
63%37%Europe
83%27%Asia
67%33%Russia
RankIndustries With Most FemalesPercentage of Forbes Under 30s
1Arts & Culture57%
2Hospitality/Food and Drink41%
3Social Impact37%
4Retail and E-Commerce34%
5Media and Marketing31%
6Education31%
7Finance and Venture Capital31%
8Energy23%
9Manufacturing20%
10Technology20%

Overall, just 30% of the Forbes Under 30s were female. Average age for young entrepreneurs is 28 – this didn’t differ between men and women.

Regional

Europe

. 37% of young entrepreneurs were female

. About 62% young entrepreneurs are male

. 50% of all European young entrepreneurs were from the UK

. 39% were from London

. 85>% were university-educated

. UK and London were the most popular places for every European industry

. Germany was second most popular place for young entrepreneurs (7%), followed by Netherlands and Sweden (4%)

. Average age for success in Europe is 27

Most popular universities in Europe were all UK universities:

RankUniversityNumber of Forbes Under 30s
1Imperial College London12
2University of Oxford11
3University of Oxford11
4University College London9
5University of Warwick7


North America

. Most popular cities were New York (92), San Francisco (88), Los Angeles (39) Brooklyn (14), and Boston (10), Berlin (10) and Chicago (10)

. 30% of young entrepreneurs were female

. About 96>% were university-educated

. Technology was by far the most popular industry, followed by social impact

. Average age for success was just 22

RankMost Popular UniversitiesNumber of Forbes Under 30s
1Stanford University47
2Harvard University22
3University of California22
4Yale University13
5Colombia University

Asia

. 17% were female

. 41% were from India, 11% were from China, and 8% were from Singapore and South Korea

. Average age for success is 26

. 23 (11%) went to Indian Institute of Technology, making it by far the most popular Asian university. The National University of Singapore (3%) was the second most popular, but the remaining entrepreneurs came from a more mixed range

. Technology was most popular (45%) industry, followed by Science and Healthcare (14%)

Africa

. 40% came from South Africa, and 20% came from Nigeria

. 20% worked in Johannesburg

. Arts & Culture was the most popular industry here for young entrepreneurs

. 73% were male, 27% female

. Average age for success was 27

Russia

There were twice as many arts & culture entrepreneurs in Russia as there were in any other category. This includes young entrepreneurs working in industries like fashion and design, art, and theatre

Average age was 25

33% of entrepreneurs were female

Moscow is best city to succeed in for young entrepreneurs in Russia

12% of candidates went to Moscow State University, while 10% went to Moscow Higher School of Economics.


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