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updated: 11/27/2012 8:29 AM

Chicago makes top 10 list for startup activity

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Associated Press

A new report says Chicago is one of the top places in the world for startup activity.

Crain's Chicago Business reported the city is No. 10 on the recently released list of global entrepreneurial hotspots.

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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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