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São Paulo is the best tech startup ecosystem in Latinamérica

São Paulo is the best tech startup ecosystem in Latinamérica

Posted by PanamericanWorld on July 30, 2015

São Paulo is the best place in Latin America for budding tech entrepreneurs, according to a study.

The study Global Startup Ecosystem Ranking 2015 ranks the largest urban center in Brazil as the 12th most attractive city to start a technology-based business.

According to the research, carried out by software development firm Compass, the city has gone up one position in relation to the previous study, published in 2012.

The criteria used in the study includes ability to expand internationally and local talent, as well as availability of capital, startup performance and market reach - the last three points being the strongest in São Paulo.

São Paulo was the only Latin American city to appear among the top 20 locations cited in the ranking. According to the study, the best locations to start a tech business are the Silicon Valley, New York City, Los Angeles, Boston and Tel Aviv.

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