These are the top 20 cities friendliest to women entrepreneurs, 2016 ranking

If you’re a women entrepreneur, New York City is the best city in the world to start and scale a women-led businesses, according to a new report commissioned by the computing giant Dell. San Francisco, London, Stockholm, and Singapore rounded out the top five. Toronto ranked sixth overall.

The cities were evaluated based on 5 categories of city characteristics: capital, technology, talent, culture, and markets.

Here’s the list of the top 20 cities for female entrepreneurs to start and scale a high-growth business:

1. NEW YORK

2. BAY AREA

3. LONDON

4. STOCKHOLM

5. SINGAPORE

6. TORONTO

7. WASHINGTON, DC

8. SYDNEY

9. PARIS

10. SEATTLE

11. MUNICH

12. AUSTIN

13. BEIJING

14. HONG KONG

15. TAIPEI

16. SHANGHAI

17. TOKYO

18. MEXICO CITY

19. SAO PAULO

20. SEOUL

Source: Study, “Rating Global Cities’ Ability To Attract And Support High Potential Women Entrepreneurs,” Dell and IHS, May 2016.