Using Forbes 30 Under 30 lists from Europe, North America, Russia, Asia and Africa, London has been named the best city in the world to be a young entrepreneur.
Although North America is by far the most popular for providing Forbes Under 30 candidates, London is the most popular city for young entrepreneurs to succeed, business comparison platform Bionic has found, analyzing the rankings.
In fact, many candidates on the North American, Asian and Russian lists actually live in London, according to the research.
By looking at various industries, cities, countries, academic background and gender of each young entrepreneur, researchers have identified the best places to be when you have a young and hungry entrepreneurial spirit.
London beat out New York as the most popular city for successful young entrepreneurs to succeed globally.
|Rank||Most Popular Cities||Number of Forbes under 30|
Meanwhile, the top countries in the world for young entrepreneurs were North America (41%), the UK (14%), Russia (10%), India (7%) and China (2%). , according to data from Forbes.
|Rank||Most popular countries||Number of Forbes under 30|
Education remains the key
The best universities in the world for potential entrepreneurs were Stanford University (USA), Indian Institute of Technology (India), Harvard University (USA), University of California (USA), United) and Imperial College London (United Kingdom).
More than 86% of applicants had a college education, proving that higher education is still important to becoming a top entrepreneur.
|Rank||Most Popular Universities||Number of Forbes under 30||Country|
|1||Stanford University||47||United States|
|2||indian institute of technology||23||India|
|3||Harvard University||22||United States|
|4||University of California||22||United States|
|5||imperial college london||17||UK|
|6||Yale University||13||United States|
|seven||Moscow State University||13||Russia|
|8||University of Cambridge||12||UK|
|9||Colombia University||12||United States|
|ten||University of Pennsylvania||11||United States|
Computers and technology was the most popular industry overall, with 20% of Forbes 30 under 30s working in this field.
|Rank||Most Popular Industries Overall||Number of Forbes under 30|
|3||Marketing and media||115|
|4||Retail and e-commerce||100|
|6||Health and Science||90|
|seven||arts and culture||74|
|9||Finance and venture capital||65|
Europe was the most feminised continent, with 37% of entrepreneurs studied in Europe being women. Africa and Asia are the least inclusive countries, with only 27% women
Arts and culture was the most feminized industry, with 57% of entrepreneurs being women.
Despite being the most populated industries, manufacturing and technology were the least inclusive, with only 20% of entrepreneurs respectively being women.
Overall, only 30% of Forbes under-30s were women. The average age of young entrepreneurs is 28 – this did not differ between men and women.
|Rank||Industries with most women||Percentage of Forbes under 30|
|1||Arts & Culture||57%|
|2||Hospitality/Food and beverages||41%|
|4||Retail and e-commerce||34%|
|5||Media and Marketing||31%|
|seven||Finance and venture capital||31%|
Some other fun facts from research, in Europe;
- 37% of young entrepreneurs were women
- Around 62% of young entrepreneurs are men
- 50% of all young European entrepreneurs came from the UK
- 39% were from London
- 85>% had a university education
- The UK and London were the most popular locations for all European industries
- Germany was the second most popular country for young entrepreneurs (7%), followed by the Netherlands and Sweden (4%).
- The average age to succeed in Europe is 27
The most popular universities in Europe were all British universities
|Rank||University||Number of Forbes under 30|
|1||imperial college london||12|
|2||University of Oxford||11|
|3||University of Oxford||11|
|4||University College of London||9|
|5||University of Warwick||seven|
- The most popular cities were New York (92), San Francisco (88), Los Angeles (39) Brooklyn (14) and Boston (10), Berlin (10) and Chicago (10)
- 30% of young entrepreneurs were women
- About 96>% had a university education
- Tech was by far the most popular industry, followed by social impact
- The average age to succeed was only 22
|Rank||Most Popular Universities||Number of Forbes under 30|
|3||University of California||22|
- 17% were women
- 41% were from India, 11% from China and 8% from Singapore and South Korea
- The average age to pass is 26 years old
- 23 (11%) went to the Indian Institute of Technology, making it by far the most popular Asian university. The National University of Singapore (3%) was the second most popular, but the remaining entrepreneurs came from a more mixed range
- Technology was the most popular industry (45%), followed by science and health (14%).
- 40% were from South Africa and 20% from Nigeria
- 20% worked in Johannesburg
- Arts and culture was the most popular industry here for young entrepreneurs
- 73% were male, 27% female
- The average age of success was 27
- There were twice as many arts and culture entrepreneurs in Russia as in any other category. This includes young entrepreneurs working in sectors like fashion and design, art and theater
- The average age was 25 years old
- 33% of entrepreneurs were women
- Moscow is the best city to succeed for young entrepreneurs in Russia
- 12% of applicants went to Moscow State University, while 10% went to the Moscow Higher School of Economics.