Although Silicon Valley is still the leader for technological innovation, many cities across the U.S. are proving fertile ground for software and tech startup companies.
Venture capital funding in California’s cradle of innovation has dropped for the second quarter in a row, according to data from the latest Venture Capital Activity Report for Q4 2012, but entrepreneurialism keeps blossoming across the United States.
The report shows that 37 states other than California have received over $4 billion in venture money, with Massachusetts counting the most deals totaling $798m, closely followed by New York, with $647m, and Washington with $278m. Big money is still being thrown toward the mobile industry, but healthcare is also doing well, totaling 164 deals valued at almost $2 billion across the United States.
Intuit gives us a complete look at the U.S. cities experiencing unprecedented growth in tech startups:
