Washington, D.C. #11
Startups in Washington, D.C., have a refreshing focus on taking on significant global challenges and bringing their unique entrepreneurship lens to problems historically left to governments.
Washington, D.C. may be more well known for politics than entrepreneurship, but the numbers suggest the U.S. capital is actually an undersung startup hub. The area is home to more than 1,000 tech startups, and it ranks first in the nation for growth in entrepreneurship, according to the Kauffman Foundation. Various rankings have named Washington, D.C. the third most future-ready economy among American cities, third best tech city in the nation, and the country’s top city for social entrepreneurs working to solve social challenges. Washington, D.C. was ranked number 2 in North American on the 2020 Scoring Tech Talent by CBR. Local government initiative #innoMAYtion hopes to build on this momentum by encouraging local entrepreneurs to help solve the city’s challenges and create opportunities for its residents. 1776’s Challenge Cup, a worldwide competition organized by local startup incubator 1776, spotlights the globe’s most promising startups. Finally, DC Startup Week attracts over 10,000 entrepreneurs for 5 days of connection, collaboration, and celebration. Success stories to emerge from the ecosystem include risk management firm Interos, which has raised a total of $128.4 million over 3 rounds, and international student loan company MPOWER Financing, which has raised $375 million over 13 rounds.
Ecosystem by the numbers
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