Karis: Chicago is boosting its international reputation as a tech town, according to a new report by KPMG.
Chicago ranks 6th in the world as an innovation hub, according to KPMG’s annual Global Technology Innovation report, a measure of top tech cities outside Silicon Valley.
Chicago was behind only Shanghai, New York, Tokyo, Beijing and London on the list, and it was tied with Washington, D.C. and Berlin. Rounding out the top 10 were Tel Aviv and Boston.
Jim: The report marks a big rise for Chicago; the city was 18th on KPMG’s list last year.
To compile its list, KPMG asked 841 global business executives, venture capitalists and angel investors: “Which three cities will emerge to rival Silicon Valley/San Francisco over the next four years?”
Karis: While the results are largely based on perception, rather than quantitative metrics, the report is an example of how Chicago’s tech success is becoming known around the world. The city may lack the volume of startup activity and venture capital raised compared to New York and Boston, but Chicago is showing that it can breed fast growing unicorn startups. And with several of the city’s most successful entrepreneurs now starting new ventures, Chicago’s tech scene appears to be trending upward. Read more about why Chicago rose to 6th on KPMG’s rankings here.