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20 best places in the world to launch a business

While Silicon Valley remains widely regarded as the world's top startup environment, new research from Startup Genome and Telefonica shows that other areas are gaining ground. Here are the 20 top startup breeding grounds in the world.

Who launched here?: Google, Apple, Facebook

Average entrepreneur age: 34.1

Average work hours per day: 10

Silicon Valley remains the gold standard for startup ecosystems. The area's support network and funding potential (capital raised in SV is 32% higher across all stages of a startup's development) make it the ideal location to start a new business. The greatest challenge may be living up to the region's all-star lineup of founders, which includes Mark Zuckerberg (Facebook (FB)), Jack Dorsey (Twitter and Square), and the late Steve Jobs (Apple (AAPL, Fortune 500)).

NEXT: Tel Aviv, Israel

By Kurt Wagner, reporter @FortuneMagazine - Last updated November 27 2012 10:17 AM ET

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