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Chicago makes top 10 list for startup activity

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CHICAGO (AP) — A new report says Chicago is one of the top places in the world for startup activity.

Crain's Chicago Business reported (http://bit.ly/TVP9QW ) the city is No. 10 on the recently released list of global entrepreneurial hotspots.

The analysis was done by Startup Genome, a crowd-sourced database that maps entrepreneurial communities.

Topping the list is Silicon Valley, Calif., followed by Tel Aviv, Israel; Los Angeles; Seattle; New York and Boston.

Chicago was ranked 15th in a report earlier this year.

The city moved up thanks in part to the opening of a new startup incubator in the Merchandise Mart, several big venture-capital announcements and more commitment from City Hall.

Chicago edged out Paris and Sydney to break into the top 10.

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Information from: CRAIN'S CHICAGO BUSINESS.

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