Cities with the highest number of unicorns worldwide in 2020 Ci�es with the highest number of unicorns companies 2020
Glance at 3 Selected Ci�es for Key Advantage for Unicorn Ecosystem; F.I.R.S.T Key Strength for Unicorn’s Ecosystem BEIJING ● Awarded as the "Unicorn city," Beijing is among the densest regions breeding these type of companies, clustering 43 percent of China's total, and 12.5 percent of the world total, a PricewaterhouseCoopers (PwC) report shows. ● The entrepreneurial atmosphere and aggregated investment ins�tu�ons and talents are among the reasons leading to the city's unicorn cluster. ● Beijing has embarked on strengthening intellectual property rights (IPR) protec�on as a way to op�mize its business environment. ● The city has formulated trial measures in arranging financial funds to support IP crea�on, including patents and trademarks. It is now exploring new products of IPR pledge financing insurance and providing IPR pledge loans. ● Recently, The Beijing Economic and Technological Development Area, also known as ‘Beijing E-Town’, rolled out a package of preferen�al policies to boost the high-end industries in its pilot free trade zone (FTZ). San Francisco ● Capital Fron�ers ranked the 53 largest ci�es in America across several metrics: ○ Cultural metrics: Popula�on growth, Global World Ci�es ra�ng, Top 100 universi�es and top 10 medical ins�tu�ons, Fortune 500 companies, Per capita GDP, Downtown jobs, Downtown built intensity, and overall popula�on density ○ Livability metrics: Housing affordability, average commute �mes, and average climate. ● San Francisco is among the top 5 ci�es that excel as cultural hubs but not as livable places with Average cultural ranking: 5, Livability ranking: 46 and Balance ranking: 53. ● The majority of U.S.-based unicorn startups have headquarters in the San Francisco Bay Area, New York City and similar tech hubs including Boston, Sea�le and Southern California. Shanghai ● Shanghai is one of China's ci�es with a high level of innova�on, mature technologies, skilled talent, suppor�ve policies and the presence of other leading technological and innova�ve enterprises. ● Chinese unicorns gravitate to large ci�es with skilled talent; 80 percent are headquartered in Beijing, Shanghai, Shenzhen, or Hangzhou. ● Lack of talent is seen by companies as the biggest bo�leneck in their development of new technologies, especially in emerging technologies, such as AI and blockchain. This city put it as a top priority. ● The urban policy tensions associated with the evolu�on of new “sharing economy” firms such as Uber and Airbnb, which have aggressively challenged municipal regula�ons in the taxi and property rental fields. Conclusion
According to World Bank, more than 80% of global GDP generated in ci�es. Urbaniza�on can contribute to sustainable growth if managed well by increasing produc�vity, allowing innova�on and new ideas to emerge. Startup and poten�al unicorn required a conducive environment for them to flourish. One of key challenges is to raise large funding rounds. For example,
it's been more difficult for European companies to raise large funding rounds due to a lower supply of late-stage capital compared to U.S according to McKinsey’s Analysis on Europe’s start-up ecosystem. Streamlining governance of smart ci�es could provide a vibrant ecosystem for cultural and liveable ci�es.
Malaysia Smart City Outlook 2021 - 2022 |
83
Made with FlippingBook Annual report maker