India had 328 of them
Brazil – 300
USA – 295
Japan – 263
China – 209
Despite significant differences in methodology and huge gaps in data collection discipline between countries, one could assume — at some stage within our lifespans — the number of 100K+ cities will reach 5,000.
What does it mean for cosmopolitan innovators motivated by the idea of building a better world?
If you are in the same innovation manager shoes I have been finding myself in since I first became involved with my ever-growing R&D team in 2016, you constantly ask yourself about the most suitable innovation ecosystems you should ensure access to for your people. A big chunk of our daily activities in various cities is generating silo-free discussions about creation of agile talent training pipelines, sustainable university-to-industry flow of innovative solutions, information sharing about impact finance and investment targets, industry clusterization.
Talking to various incubators and co-working spaces across Africa, Europe, Asia and North America, I realize more and more how time-consuming and energy-draining it can be to identify the best fit for your team, their next product or service idea development.
This realization brough me to an understanding that before placing your next startup or a star-studded team of researchers into one or several of the world’s 5,000 cities with a population of 100,000+ you should study the strategic development plan of that city, and perhaps even the region in which that city is located. You should also study the competitive advantage of that region as compared to other regions of the world: is it AI, blockchain, biochemistry, cybersecurity? What exactly makes them stand out in that area compared to competition in other clusters around the world?
Then look at the innovative companies that already work in that city, talk to their marketers at their networking events. Cut through the bs they try to feed you, see through their weak sides, offer partnership solutions that would help them, and thus, help you.
And as you do all this, remember some 100 million people that could fall back into extreme poverty by 2030 because of climate change.
It’s not about another million bucks of seed fuding for your innovative product anymore. Or all the hype that comes with it..