Detroit is driving 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 first among the top 100 startup ecosystems in the world, beating out cities like Minneapolis, Houston, Brussels and Hong Kong.

The optimistic news came from the 2022 Startup Ecosystem Report from Startup Genome, a San Francisco-based research firm that has analyzed hundreds of cities worldwide and evaluated data on nearly 3 million companies.

Detroit’s top ranking marked a 13-point jump from the previous year, cementing its position in the back of early-stage financing and investor activity.

The results impressed Startup Genome, and so were two local foundations working to help the economy by serving as catalysts to boost startups and jobs—the William Davidson Foundation and Endeavor—that they decided to work together and take this research a step further.

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