In the third edition of Savills Tech Cities index, Cape Town made the cut for the list of the top 30 tech cities in the world.

The index measures exactly what makes a city a successful tech hub and ranks it according to six factors, namely business environment, tech environment, city buzz and wellness, talent pool, real estate costs, and mobility.

Cities around the world are judged using over 100 individual metrics to determine their rankings. The highest-ranking cities are those that make the most successful places for tech and start-up companies.

The cities chosen are important centres for tech in their region and Venture Capital investment hotspots. They are vibrant places in which to live and work and magnets for talent.

These cities outperforming other global centres and the GDP across the 30 Tech Cities is forecast to rise by 36% in the next decade, against a rate of 19% across other developed cities.

The expansion of co-working space has gone hand in hand with the growth of the global tech sector with more co-working spaces popping up in Cape Town every day.

As testbeds for innovation, Savills Tech Cities are at the forefront of addressing transportation challenges. To assess how effective these cities are in this area, and how they compare to one another, a new ‘mobility’ category was added to the index this year. It measures how effective each city is at getting commuters from A to B.

What is a Savills Tech City?

– An important centre of tech within its region

– A major recipient of VC investment

– One of the most attractive destinations for expanding global tech companies

– A vibrant city in which to live and work

– A generator of, and magnet for, talent.

The top 30 Tech Cities are:

1. New York

2. San Francisco

3. London

4. Amsterdam

5. Boston

6. Singapore

7. Los Angeles

8. Austin

9. Stockholm

10. Copenhagen

11. Toronto

12. Seattle

13. Tokyo

14. Paris

15. Shanghai

16. Berlin

17. Beijing

18. Tel Aviv

19. Dublin

20. Hong Kong

21. Barcelona

22. Melbourne

23. Seoul

24. Shenzhen

25. Hangzhou

26. Chengdu

27. Santiago

28. Buenos Aires

29. Bengaluru

30. Cape Town

 

 

See the interactive top tech city map here.

 

Picture: Pexels

Article written by

Aimee Pace

Aimee is an avid gamer, enthusiastic yogi and animal lover. Addicted to anime, coffee and plant-based meals. Current favourite pastimes include, sewing and learning Japanese.