The 10 best cities for entrepreneurial talent

Cities That Draw Entrepreneurial Talent

Around the world, people start new businesses all the time. Still, certain cities are more competitive than others when it comes to attracting entrepreneurial talent.

The 2019 Global Talent Competitiveness Index published by INSEAD, a graduate business school with campuses worldwide, in collaboration with the Adecco Group and Tata Communications, examined entrepreneurial talent in 125 national economies and 114 cities. The report covered all income groups and levels of development and used 68 variables to determine the rankings.

According to the report, cities will play more important roles than countries as "entrepreneurial talent hubs" in the future. "Entrepreneurial talent being strongly related to innovation, ecosystems around 'smart cities' will act as talent magnets," the report says.

In terms of talent competitiveness, the three countries that ranked the highest were Switzerland, Singapore and the United States, the report found. For cities, the results were calculated based on how well they enable, attract, grow and retain talent, along with their ability to "be global," or build global knowledge. Here are the 10 cities that ranked the highest for entrepreneurial talent, as well as their respective rankings in each category. 

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The best cities for entrepreneurial talent
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The best cities for entrepreneurial talent

10. Seoul, South Korea

Overall ranking: 10

Ability to enable entrepreneurial talent ranking: 1

Ability to attract entrepreneurial talent ranking: 68

Ability to grow entrepreneurial talent ranking: 5

Ability to retain entrepreneurial talent ranking: 32

Ability to build global knowledge: 21

9. Paris, France

Overall ranking: 9

Ability to enable entrepreneurial talent ranking: 8

Ability to attract entrepreneurial talent ranking: 29

Ability to grow entrepreneurial talent ranking: 32

Ability to retain entrepreneurial talent ranking: 59

Ability to build global knowledge: 1

8. New York City, United States

Overall ranking: 8

Ability to enable entrepreneurial talent ranking: 15

Ability to attract entrepreneurial talent ranking: 5

Ability to grow entrepreneurial talent ranking: 2

Ability to retrain entrepreneurial talent ranking: 73

Ability to build global knowledge: 4

7. Helsinki, Finland

Overall ranking: 7

Ability to enable entrepreneurial talent ranking: 10

Ability to attract entrepreneurial talent ranking: 33

Ability to grow entrepreneurial talent ranking: 18

Ability to retrain entrepreneurial talent ranking: 9

Ability to build global knowledge: 8

6. Boston, United States

Overall ranking: 6

Ability to enable entrepreneurial talent ranking: 3

Ability to attract entrepreneurial talent ranking: 3

Ability to grow entrepreneurial talent ranking: 1

Ability to retrain entrepreneurial talent ranking: 56

Ability to build global knowledge: 31

5. Zurich, Switzerland

Overall ranking: 5

Ability to enable entrepreneurial talent ranking: 11

Ability to attract entrepreneurial talent ranking: 8

Ability to grow entrepreneurial talent ranking: 16

Ability to retrain entrepreneurial talent ranking: 1

Ability to build global knowledge: 38

4. Vienna, Austria

Overall ranking: 4

Ability to enable entrepreneurial talent ranking: 17

Ability to attract entrepreneurial talent ranking: 14

Ability to grow entrepreneurial talent ranking: 17

Ability to retrain entrepreneurial talent ranking: 3

Ability to build global knowledge: 12

3. Oslo, Norway

Overall ranking: 3

Ability to enable entrepreneurial talent ranking: 16

Ability to attract entrepreneurial talent ranking: 22

Ability to grow entrepreneurial talent ranking: 6

Ability to retrain entrepreneurial talent ranking: 17

Ability to build global knowledge: 5

2. Copenhagen, Denmark

Overall ranking: 2

Ability to enable entrepreneurial talent ranking: 4

Ability to attract entrepreneurial talent ranking: 16

Ability to grow entrepreneurial talent ranking: 11

Ability to retrain entrepreneurial talent ranking: 13

Ability to build global knowledge: 9

1. Washington, D.C., United States

Overall ranking: 1

Ability to enable entrepreneurial talent ranking: 9

Ability to attract entrepreneurial talent ranking: 7

Ability to grow entrepreneurial talent ranking: 8

Ability to retain entrepreneurial talent ranking: 28

Ability to build global knowledge: 3 

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Copyright 2019 U.S. News & World Report

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