(Photo by Flickr user TCDavis, used under a Creative Commons license)
Volume-wise, Wilmington’s no Silicon Valley when it comes to local startups landing their first round of venture capital. But a new report from the Brookings Institution shows that the metro area is among the top 20 in the nation on a per-capita basis.
With 17 “first fundings” in 2014, Wilmington’s deal density ranks 10th in the nation when size is taken into account.
The study’s author, Ian Hathaway, writes:
A metro area with a location quotient of 1 has the same first-funding density (deals per capita) as the entire United States, while metros with values greater or less than 1 have densities higher or lower than the nation as a whole.
Wilmington’s location quotient was 3.0.
With 33 deals, the location quotient for neighboring Philadelphia was just 1.0.
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