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Startup formation rates<br />

FORMATION<br />

YEARLY STARTUP FORMATION RATES PER MILLION OF POPULATION - TOP EIGHT US DIGITAL TECHNOLOGY HUBS VS QUEENSLAND<br />

LOCATION YEAR ESTIMATED<br />

#STARTUPS<br />

FORMED<br />

PER YEAR<br />

POPULATION<br />

RATE PER<br />

MILLION<br />

PEOPLE<br />

USA 2010 415,000 309m 1342<br />

Boulder 2010 25 98,815 256<br />

Queensland 2025 1,000 5.9m 170<br />

San Jose 2010 116 955,225 122<br />

Seattle 2010 69 610,409 113<br />

Fort Collins 2010 16 144,348 109<br />

Washington 2010 66 604,453 109<br />

Denver 2010 63 603,497 105<br />

San Francisco 2010 85 805,607 105<br />

Cambridge 2010 10 104,944 97<br />

USA - the year of<br />

the dot-com boom<br />

1999 21,000 279m 75<br />

USA 2010 13,000 309m 42<br />

Queensland 2013 55 4.7m 12<br />

Startup formation rates are based on the Kauffman Foundation’s 2013<br />

<strong>report</strong> “Tech Starts: High-Technology Business Formation and Job<br />

Creation in the United States.” While the numbers are some of the best<br />

available, it is this <strong>report</strong>s opinion that <strong>startup</strong> formation rates are in<br />

fact higher in US technology hubs than shown above.<br />

50 100 150<br />

200<br />

250 1,300<br />

0<br />

ENTIRE PRIVATE SECTOR COMPANY TYPE3<br />

50 100 150 200 250 300<br />

DIGITAL TECHNOLOGY STARTUPS<br />

12

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