For November 2012 we are noticing an interesting trend of product ready companies declining, while concept stage companies are rising. This trend is mostly led by a decrease in product ready internet web service companies in the US, Canada, Spain and the United Kingdom, and with an increase in concept stage companies in Spain, India, Brazil and the United States.
The top four US states with the highest concentration of new startups are still California, New York, Florida and Texas. However, during the last three months the fifth and sixth places have been a battleground between Pennsylvania, Georgia, and Washington. For November, Pennsylvania takes fifth place and Georgia claims sixth.
Although the concentration of startups by country remains fairly steady throughout the last three months, we have several notable changes to our top 25 countries. Portugal and Chile both came up four spots, rising to 13th and 14th on the list. Kenya had one of the largest increases, and jumped 13 spots to 22nd for the month of November.