In the past, Boston has been an underestimated player in the startup scene. However, it recently ranked first among the top 25 startup hubs in America, according to a report by the U.S. Chamber of Commerce Foundation and startup incubator 1776. The findings are based on talent, specialization, capital, density, connectivity, and cultural statistics, among other data. “Boston earned the top spot by having clear emphasis on next generation tech companies specializing in education, energy and healthcare industries,” according to the Boston Business Journal.
Not only is the city of Boston a startup hub, next-door neighbor Cambridge is thriving, thanks in part to the plethora of world-class universities located nearby. Facebook and Microsoft are just two of the most famous examples to come from the intellectual capital of the United States. That’s one of the reasons tech leaders are taking notice of the area’s impressive growth. Companies like Amazon and Twitter have opened headquarters on the East Coast or established offices in Boston.