Pittsburgh is One of World’s Top 25 Emerging Ecosystems for Startups

This news was shared earlier today with the media, and I wanted to be sure you saw it, too. This represents the work of a partnership focused on advancing Pittsburgh for startups that includes our Pittsburgh Regional Alliance affiliate.

PITTSBURGH RANKED AS A TOP 25 EMERGING STARTUP ECOSYSTEM GLOBALLY IN WORLDWIDE REPORT

The 2021 Global Startup Ecosystem Report, by Startup Genome and Global Entrepreneurship Network, Ranks Pittsburgh #23

(PITTSBURGH - September 22, 2021) The 2021 Global Startup Ecosystem Report (GSER) by Startup Genome and the Global Entrepreneurship Network, which launched today in London, England, announced that Pittsburgh ranks #23 in the report's list of Emerging Startup Ecosystems globally, one of just 28 U.S. cities ranked in the worldwide report. Pittsburgh joins globally recognized startup and innovation cities such as Silicon Valley, New York, London, Boston, Beijing, and Tokyo on this list. Read the report's Pittsburgh ecosystem page here.

Pittsburgh's ranking in GSER, the world's most comprehensive and widely read research on startups, is thanks to a strong partnership between InnovatePGH, Innovation Works, and the Pittsburgh Regional Alliance. These three organizations worked together to provide data and metrics about Pittsburgh's startup and innovation ecosystem, the global impact it has and the opportunity it offers to entrepreneurs and founders worldwide. GSER looks at 280 entrepreneurial innovation ecosystems and three million startups. The report includes a ranking of the leading 140 ecosystems in the world, breakdowns by continent with regional insights, and founder-focused articles from thought leaders and experts around the world.

"Innovation Works has been part of the growth of Pittsburgh's startup ecosystem from the beginning -- we have experienced the city's rapid growth and transformation into a global hub for future-oriented innovation and entrepreneurship," said Rich Lunak, President & CEO of Innovation Works. "Our supportive ecosystem has allowed countless large and small startups to thrive, setting in motion a domino effect of job creation, opportunity, and increased return on investment, all of which have significantly benefited the local economy, while positioning us on a global scale."

"Pittsburgh's strong ranking in the 2021 GSER demonstrates the significant collaboration between InnovatePGH, Innovation Works, the Pittsburgh Regional Alliance, and the leaders of Pittsburgh's startup ecosystem. It is thanks to our coordinated effort that our city and region continue to be recognized globally for groundbreaking work in the innovation and startup sectors," said Sean Luther, Executive Director of InnovatePGH. "We look forward to continuing to work together to ensure the world knows what we know locally: that Pittsburgh is a globally-competitive ecosystem where many of the world's greatest problems are solved by our home-grown startups."

"In Pittsburgh, we seize opportunities. The world of entrepreneurs, founders and investors needs to recognize Pittsburgh as a place that welcomes and supports the building of remarkable things," said Mark Anthony Thomas, President of the Pittsburgh Regional Alliance, the business investment affiliate of the Allegheny Conference on Community Development. "Through Startup Genome, we have a platform for connecting with this important audience and communicating our value proposition through data and anecdotes even as we learn from and engage with our peers about how to further boost our profile with the startup community worldwide -- this is how Pittsburgh's startup ecosystem will grow and prosper exponentially in the years to come."

"Investing in Pittsburgh does not disappoint: the startup ecosystem and economy here offer high yield, high reward investment opportunities, backed by a culture of collaboration and partnership unseen in other cities," said Ilana Diamond, Managing Director of 412 Venture Fund. "Pittsburgh's ranking in this year's GSER reflects how the world is growing to see us -- as a place that champions creativity, takes a chance on world-changing ideas, and positions new companies for success."

Pittsburgh's standing in the 2021 GSER includes:

• Top 30 North America Ecosystem and Top 20 Global Emerging Ecosystem in Funding-measures innovation through early-stage funding and investor activity;
• Top 30 North America Ecosystem in Talent & Experience-measures long term trends over the most significant performance factors and the ability to generate and keep talent in the ecosystem;
• Created $5 billion in Ecosystem Value with $180 million in total early-stage funding over the last 2.5 years;
• High-quality tech talent and the Pittsburgh Innovation District are cited as reasons a startup should move to Pittsburgh;
• The local Advanced Manufacturing & Robotics, Life Sciences, and Cleantech sectors are highlighted for their density of talent, support resources and startup activity.

The 2021 GSER provides insights and guidance to public and private leaders on how to cultivate thriving startup ecosystems, support existing startups and attract new ones. Startups, per the report, are the No.1 engine of job creation and economic growth.

"Entrepreneurs, policymakers, and community leaders are working hard all over the world to build productive and inclusive technology ecosystems that are engines of economic growth and job creation for all," said JF Gauthier, Founder & CEO of Startup Genome. "The Global Startup Ecosystem Report is the foundation of knowledge where we, as a global network, come together to identify what policies actually produce economic impact and in what context."

Read the full 2021 GSER here.

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ABOUT STARTUP GENOME
Startup Genome's mission is to enhance startup success and ecosystem performance everywhere. Startup Genome is the world's leading policy advisory and research organization for governments and public-private partnerships. Its impact is rooted in the world's largest entrepreneurship research with data on over three million companies across 280 cities. Learn how Startup Genome accelerates global startup ecosystems by contacting Adam Bregu at [email protected] and on startupgenome.com, LinkedIn, Twitter.

ABOUT INNOVATEPGH
InnovatePGH is a next generation public-private partnership built to accelerate Pittsburgh's status as a global innovation city. The partnership is powered by a coalition of civic leaders representing Allegheny County, the City of Pittsburgh, the University of Pittsburgh, Carnegie Mellon University, UPMC, the Allegheny Conference on Community Development and regional philanthropic institutions. The Pittsburgh Innovation District is an initiative of InnovatePGH. https://innovatepgh.com/

ABOUT INNOVATION WORKS
Innovation Works (IW) is the Pittsburgh region's most active early-stage investor and one of the nation's top investors in early-stage technology startups. Along with investing more than $100 million into the tech startups of the region, IW provides these emerging companies with assistance and the network to customers and other investors that startups depend on to launch, scale up and reach their next stage of development and growth. IW is SWPA's Ben Franklin Technology Partner, a statewide network of four centers that was created by the Commonwealth to concentrate investors and experts to grow the state's innovation community and to diversify and strengthen PA's economy. https://www.innovationworks.org/

ABOUT PITTSBURGH REGIONAL ALLIANCE
The Pittsburgh Regional Alliance (PRA) is the economic development affiliate of the Allegheny Conference on Community Development. The PRA attracts strategic investment opportunities and diverse talent to the 10-county southwestern Pennsylvania region and supports the growth of existing regional businesses. The PRA assists companies that have an interest in investment in the Pittsburgh region and provides services such as real estate identification, data and information support, and connections to local employers, schools, and government at no cost to the company. Learn more at PittsburghRegion.org.

Media Contacts:
For InnovatePGH: Anna Adams-Sarthou, 215-901-6182, [email protected]
For Innovation Works: Terri Glueck, 412-818-8191 [email protected]
For Pittsburgh Regional Alliance: Phil Cynar, 412-281-4783, ext. 4573 [email protected]

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