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

Friday, January 14, 2022 1:48 p.m.

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

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

In fact, many candidates on the North American, Asian and Russian lists actually live in London, according to the research.

By looking at various industries, cities, countries, academic background and gender of each young entrepreneur, researchers have identified the best places to be when you have a young and hungry entrepreneurial spirit.

London beat out New York as the most popular city for successful young entrepreneurs to succeed globally.

Rank Most Popular Cities Number of Forbes under 30
1 London 115
2 New York 106
3 San Francisco 88
4 Moscow 51
5 Los Angeles 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 top countries in the world for young entrepreneurs were North America (41%), the 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 remains the key

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

More than 86% 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 University of Cambridge 12 UK
9 Colombia University 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 Finance and venture capital 65
ten Education 38
Source: Forbes 30 under 30 data analysis

Women entrepreneurs

Europe was the most feminised continent, with 37% of entrepreneurs studied in Europe being women. Africa and Asia are the least inclusive countries, with only 27% women

Source: Forbes 30 under 30 data analysis

Arts and culture was the most feminized industry, with 57% of entrepreneurs being women.

Despite being the most populated industries, manufacturing and technology were the least inclusive, with only 20% of entrepreneurs respectively being women.

Overall, only 30% of Forbes under-30s were women. The average age of young entrepreneurs is 28 – this did not differ between men and women.

Rank Industries with most women Percentage of Forbes under 30
1 Arts & Culture 57%
2 Hospitality/Food and beverages 41%
3 Social impact 37%
4 Retail and e-commerce 34%
5 Media and Marketing 31%
6 Education 31%
seven Finance 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 from research, in Europe;

  • 37% of young entrepreneurs were women
  • Around 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
  • The UK and London were the most popular locations for all European industries
  • Germany was the second most popular country for young entrepreneurs (7%), followed by the Netherlands and Sweden (4%).
  • The average age to succeed in Europe is 27

The most popular universities in Europe were all British universities

Rank University Number of Forbes under 30
1 imperial college london 12
2 University of Oxford 11
3 University of Oxford 11
4 University College of 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
  • Tech was by far the most popular industry, followed by social impact
  • The average age to succeed 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 Colombia University 12
Source: Forbes 30 under 30 data analysis

Asia

  • 17% were women
  • 41% were from India, 11% from China and 8% from Singapore and South Korea
  • The average age to pass is 26 years old
  • 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 male, 27% female
  • The average age of success was 27

Russia

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

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