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Toronto is the 9th most high tech city in the world according to Business Insider. Toronto houses 30% of all IT firms in Canada, majority of these companies having 50 or less employees. Currently, Toronto’s firms bring $52 billion in yearly revenue. This is expected to grow over the next decade. Business Insider consulted with 2thinknow, a research firm, to perform the ranking. The ranking was based on 10 technological advancement measures; such as, number of patents filed per capita, level of smartphone use and other innovations databases.
| Ranking |
City |
| 1 |
San Francisco, USA |
| 2 |
New York, USA |
| 3 |
London, England |
| 4 |
Los Angeles, USA |
| 5 |
Seoul, South Korea |
| 6 |
Taipei, Taiwan |
| 7 |
Boston, USA |
| 8 |
Singapore |
| 9 |
Toronto, Canada |
| 10 |
Chicago, USA |
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