Bangkok revealed as the 19th most AMBITIOUS entrepreneurial city in the world according to recent independent study

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Bangkok revealed as the 19th most AMBITIOUS entrepreneurial city in the world! 

A brand new study by Dojo has revealed which cities in the world are the most ambitious when it comes to starting their own business!

Many of us aspire for success, but does where we live have anything to do with our business ambitions?

Card machine provider Dojo has created a worldwide index of the most business ambitious cities, using 5 fundamental factors which contribute to entrepreneurial ambition:

 – Number of new businesses registered
⚖️ – Cost of a business start-up as a % of GNI per capita
 – Gross Domestic Product (GDP) per capita
 – Percent of the population with access to education
  – Google search volumes for starting a new business queries

Bangkok is the 19th most business ambitious city in the world!

Thailand’s capital, Bangkok, is named the 19th most ambitious city in the world, with a population of over 10.7 million and an ambition index score of 286 out of 500.

Over 55,589 new businesses registered in the city over a year proving Bangkok is an ideal choice for savvy entrepreneurs.

The city also had over 800 Google searches for “how to start a new business” in the city and a 25% increase in searches for “how to fund a new business” since 2019.

RANKED: The 20 most ambitious entrepreneurial cities in the world:

London is the most ambitious city in the world for those looking to open a business

London took the crown as the most ambitious city in the world for those looking to start a business. With over 664,974 new businesses registered in the city and over 4,400 Google searches for “how to start a new business” – it’s no surprise that the UK capital came out top, scoring 481 out of 500 in the index.

With a population of over 9.4 million, the UK capital is a melting pot of cultures, creativity, and access to infrastructure – a winning formula for ambitious entrepreneurs.

Sydney is the second most business ambitious city in the world!

Sydney came second with an index score of 402 out of 500. New businesses have been thriving in Sydney, with 235,654 new businesses registered there – proving that ambitions show no sign of slowing in ‘The Emerald City.

Over the past 12 months, there was also a 52% increase in searches for “how to start a new business” amongst Sydney’s occupants and a 100% increase in those searching for “how to fund a new business”.

Cape Town is the third top city for ambitious entrepreneurs

South Africa’s port city of Cape Town came third, scoring 384 out of 500. With a population of 4.7 million, the city is home to many of Africa’s most innovative designers and artists – creativity flourishes amongst the natural beauty of the city.

That, paired with incredibly low costs for those looking to open up a new business could be why 376,727 new businesses opened up in the city in 2018.

Annual competitions in the city such as the FNB Enablis Business Plan initiative also provides over R10 million (£501.3K) to start-ups every year. A lot of support is given to SMEs in the city as they employ around 70%-80% of the working population in Cape Town.

For the full index of business ambitious cities, please visit here.

About Dojo

Dojo is a UK-based card payment provider under the Paymentsense brand. They specialize in helping independent small and medium businesses take secure, reliable, and fast card payments with cutting-edge contactless card machines with next-working-day transfers.

Methodology

To discover which cities are the most ambitious to create their own business we looked at Google Search volumes for related searched terms over the past 12 months, new businesses registered, cost to start up a new business, and % of the population with access to education.

All images provided by Doja