2022 | StartupBlink View the Global Startup Map p. 66 Among Canada’s top startup ecosystems, we can see an improvement in rankings. Five of Canada's top 6 ecosystems improved their rankings in 2022, and the sixth (Ottawa) maintained the same ranking as in 2021. Toronto, the only top 30 global startup ecosystem in Canada, and Vancouver both advanced by 2 spots each to rank 24th and 40th. Toronto excels in Marketing & Sales where it is ranked 13th, while Vancouver advanced substantially in Energy & Environment to rank 6th in the world, the only city in Canada to reach the top 10 of any industry. Montreal improved by one spot to rank 45th in the world. Canada managed a remarkable achievement: 3 cities included in the top 50 of the Index. This has only been achieved by 3 vastly more populated countries: the United States, China, and India. This is proof that Canada has built a national ecosystem with a few very strong centers of power. In the top 100, Canada boasts two more cities: Ottawa ranks 89th and Kitchener Waterloo ranks 91st, up 10 places. Also, Ranked 104th, Calgary registered a jump of 12 spots. Edmonton switched places with Quebec City in the national rankings, declining by 14 spots to rank 7th nationally and 140th globally, after Quebec City decreased by 17 spots to rank 142nd globally. The startup ecosystem of Kingston maintained its 9th national rank, but lost 42 spots globally and ranks 183rd. A notable increase in momentum is seen for Victoria, now in the top global 200 after a 9 spot increase in ranking. Also in the 200, Winnipeg had an impressive jump of 70 spots to rank 192. We also congratulate Charlottetown for its great momentum, advancing 134 spots in the Index to rank 495th worldwide and 20th in Canada. There are a number of debuts to welcome in the Index. The most notable debuts are Guelph (ranked 536th), Saint Catharines, and Cornwall, among many others. With these new additions, Canada now has 41 cities in the top 1000, versus only 30 ranked cities in 2021, indicating the strength and variety of the Canadian startup scene. Startup Ecosystem Overview Canada’s startup scene has massive potential. Considering the active approach by its efficient public sector to develop startup ecosystems, and a relative abundance of resources, there is no reason Canada should not take an even more substantial role in producing massive global hubs. For this to happen, there will have to be more Canadian startups with global impact, like those built in the neighboring United States. The climate for entrepreneurship in Canada looks more promising than ever with attractive incentives like the Startup Visa, tax breaks, and major Venture Capital investment. Two examples tell a powerful story of Canada’s opportunities and challenges. The first is Slack. Originally a Vancouver based startup, Slack is now headquartered and operating in Canada’s neighbor and competitor, the US. The second is Shopify, an e-commerce platform behemoth founded in Ottawa and built by a German immigrant founder.