London named best city in the world for a young entrepreneur, ahead of NYC, San Francisco and Moscow

Friday January 14, 2022 5:01 PM

Using the Forbes 30 Under 30 lists from Europe, North America, Russia, Asia and Africa, London was named the best city in the world for a young entrepreneur.

Although North America is by far the most popular for providing Forbes candidates under 30, London is the most popular city for young entrepreneurs, business comparison platform Bionic has found, analyzing the rankings. .

In fact, many candidates on the lists from North America, Asia and Russia actually live in London, according to the study.

By examining various industries, cities, countries, academic studies, and each young entrepreneur’s gender, researchers have identified the best places to be when you have a young and hungry entrepreneurial spirit.

London has beaten New York as the most popular city for successful young entrepreneurs in the world.

Rank Most popular cities Number of Forbes under 30
1 London 115
2 New York 106
3 San Francisco 88
4 Moscow 51
5 Angels 39
6 Stockholm 17
seven Toronto 16
8 Berlin ten
9 Boston ten
ten Chicago ten
Source: Forbes 30 under 30 data analysis

Countries

Meanwhile, the best countries in the world where young entrepreneurs can work were North America (41%), UK (14%), Russia (10%), India (7%) and China (2%). , according to data from Forbes.

Rank Most popular countries Number of Forbes under 30
1 United States 428
2 UK 145
3 Russia 109
4 India 81
5 China 22
6 Germany 21
seven South Korea 17
8 Singapore 16
9 Japan 15
ten Sweden 15
Source: Forbes 30 under 30 data analysis

Education is always the key

The best universities in the world for potential entrepreneurs were Stanford University (United States), Indian Institute of Technology (India), Harvard University (United States), University of California (United States) and Imperial College London (United Kingdom ).

Over 86 percent of applicants had a college education, proving that higher education is still important to becoming a top entrepreneur.

Rank Most popular universities Number of Forbes under 30 Country
1 Stanford University 47 United States
2 Indian Institute of Technology 23 India
3 Harvard University 22 United States
4 University of california 22 United States
5 Imperial College London 17 UK
6 Yale University 13 United States
seven Moscow State University 13 Russia
8 Cambridge University 12 UK
9 University of Colombia 12 United States
ten University of Pennsylvania 11 United States
Source: Forbes 30 under 30 data analysis

Industries

Rank Most popular industries overall Number of Forbes under 30
1 Technology 209
2 Manufacturing 116
3 Marketing and media 115
4 Retail and e-commerce 100
5 Social impact 96
6 Health and science 90
seven Arts and culture 74
8 Energy 69
9 Financing and venture capital 65
ten Education 38
Source: Forbes 30 under 30 data analysis

Women entrepreneurs

Europe was the continent most open to women, with 37 percent of entrepreneurs surveyed in Europe being women. Africa and Asia are equally the least inclusive, with only 27% women

Source: Forbes 30 under 30 data analysis

Arts and culture was the most inclusive industry for women with 57 percent of entrepreneurs being women.

Despite being the most populous industries, manufacturing and technology were the least inclusive with just 20 percent of entrepreneurs being women, respectively.

Overall, only 30% of Forbes under 30 were female. The average age of young entrepreneurs is 28 – there is no difference between men and women.

Rank Industries with most women Percentage of Forbes under 30
1 Arts & Culture 57%
2 Hospitality / Food and drinks 41%
3 Social impact 37%
4 Retail and e-commerce 34%
5 Media and Marketing 31%
6 Education 31%
seven Financing and venture capital 31%
8 Energy 23%
9 Manufacturing 20%
ten Technology 20%
Source: Forbes 30 under 30 data analysis

Regional distribution

Some other fun facts to research, in Europe;

  • 37% of young entrepreneurs were women
  • About 62% of young entrepreneurs are men
  • 50% of all young European entrepreneurs came from the UK
  • 39% were from London
  • 85>% had a university education
  • UK and London were the most popular locations for every European industry
  • Germany was the second most popular country for young entrepreneurs (7%), followed by the Netherlands and Sweden (4%)
  • The average age for success in Europe is 27

The most popular universities in Europe were all UK universities

Rank University Number of Forbes under 30
1 Imperial College London 12
2 Oxford University 11
3 Oxford University 11
4 University College London 9
5 University of Warwick seven
Source: Forbes 30 under 30 data analysis

North America

  • The 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 women
  • About 96>% had a university education
  • Technology was by far the most popular industry, followed by social impact
  • The average age for success was only 22
Rank Most popular universities Number of Forbes under 30
1 Stanford University 47
2 Harvard University 22
3 University of california 22
4 Yale University 13
5 University of Colombia 12
Source: Forbes 30 under 30 data analysis

Asia

  • 17% were female
  • 41% were from India, 11% from China and 8% from Singapore and South Korea
  • The average age for success is 26
  • 23 (11%) went to the 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 the most popular industry (45%), followed by science and health (14%)

Africa

  • 40% were from South Africa and 20% from Nigeria
  • 20% worked in Johannesburg
  • Arts and culture was the most popular industry here for young entrepreneurs
  • 73% were men, 27% were women
  • The average age for passing was 27

Russia

  • There were twice as many entrepreneurs in the arts and culture in Russia as in any other category. This includes young entrepreneurs working in industries such as fashion and design, art and theater.
  • The average age was 25
  • 33% of entrepreneurs were women
  • Moscow is the best city for success for young entrepreneurs in Russia
  • 12% of applicants went to Moscow State University, while 10% went to Moscow Higher School of Economics.

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