Shenzhen (#22) and Hangzhou (#28) also fit this ecosystem archetype. 1, moving from the runners-up in the main ranking due to being outperformed by other regions such as Zurich. Sydney dropped a few spots in 2020; but this year it is back up to #24. 2. Patents the volume, complexity, and potential of patents in Life Sciences created in the ecosystem. Riga has entered the Emerging Ecosystem ranking for the first time, in the 91100 range, thanks in part to print-on-demand service Printful achieving unicorn status by raising $130 million in 2021. New York remains at #2, although now London is up and tied with it. This can be seen in cities like Amsterdam and Copenhagen, which scored high in both the Innovation and Startup Ecosystem categories. heres no way to sugarcoat it: The technology sector is in the midst of an unprecedented slowdown, writes JF Gauthier, founder and CEO of Startup Genome, in The State of the Global Startup Ecosystem Report 2023 (GSER 2023). Which high-performing ecosystems have a gap in experienced local investors that I might be able to benefit from? RankingRoyals on Instagram: "San Francisco bay area is by far offering the best conditions for startups worldwide in 2023. Through our COVID-19 impact survey, the first ever on the topic, we were able to draw numerous insights that provided the first learnings about the crisis and its impact on startups and startup ecosystems. Maintaining the status quo and remaining in the same position as our last ranking, Ethiopia needs to do more to rise up the rankings. Research: Based on the H-Index, a measure of publication impact, this metric looks at the production of research at the country level. By entering your email above and clicking on the GET ACCESS button, you agree that we may collect the above personal information and use it for the purpose of communicating to you regarding reports, research and programs supporting startups. The Seoul Metropolitan Government is actively investing in startups, especially in AI, Fintech, and Life Sciences. The Summit will also featurea special edition pitching eventwhere ecosystem developers will be showcasing to entrepreneurs and investors the strengths of their ecosystems. solidly maintains its first-place position in the total startup output rankings. Miami saw significant growth in performance, funding, and market reach, with increased exits and $5.8 billion in venture capital investment in 2022. is a quarterly gathering of some of the worlds foremost experts and leaders in ecosystem development, and offers a forum for learning and knowledge-sharing on what it takes to create an environment where entrepreneurship flourishes. Delhi has moved up an impressive 11 places, coming in at #26, the first time that the ecosystem has entered the top 30 and a result of increased early-stage funding and three $1 billion+ exits. This significant disparity further exemplifies the overwhelming influence and authority that the US holds over other startup ecosystems. Digital asset exchange Gemini is the Big Apples highest-valued tech unicorn at $7.1 billion, contributing significantly to the 71% increase in Ecosystem Value from July 1, 2019December 31, 2021 to July 1, 2020December 31, 2022.Los Angeles moved up two positions to make it into the top five, at #4. Silicon Valley maintains its #1 position. 35, No. Although still globally leading ecosystems, both Boston and Beijing have lost their footing at the top of the rankings, each moving down two spots from the GSER 2022. The ecosystem also experienced a 33% increase in the count of early-stage deals.Melbourne has also seen notable progress, climbing six places from the GSER 2022 to #33. Final scores were calculated by category according to the following proportions: Top 30 Cities for Startup Ecosystems in 2023, continues to dominate the global startup landscape. Startup Trend Projections for 2021 - Panel. The unicorn count increased by one to three total, with Fintech Airwallex the highest valued at $5.5 billion.In Miami, the number of $1 billion+ exits increased from two to five from the GSER 2022, and the number of $50 million+ exits from 11 to 19. Europe is the most represented region in the Emerging Ecosystems ranking and has expanded its share from 37% to 41% since the GSER 2022. In the course of reporting hundreds of stories for Site Selection, Adam has visited companies and communities around the globe. The StartupBlink Ecosystem Summitis a quarterly gathering of some of the worlds foremost experts and leaders in ecosystem development, and offers a forum for learning and knowledge-sharing on what it takes to create an environment where entrepreneurship flourishes. Startup Industries & Verticals: Unveiling Key Insights from 2022 to 2023, Detroit Startup Ecosystem Report StartupBlink, Click here to view Detroits Startup Map Introduction to the Detroit Startup Ecosystem Detroit is Motown, the Motor City, the automobile capital of the world.
Top Startup Ecosystems in 2020: Ranking 1,000 Cities and - Crunchbase While the aforementioned countries may not currently feature among the top 20 in this Index, exploring rankings by total startup output for 100 countries using StartupBlink Pro can provide valuable insights into their position among the worlds top 100 countries by total startup output. However, Israels case can serve as an inspiration for small countries, as it has effectively harnessed its size as an advantage in the global startup ecosystem. Learn more in our Cookie Policy. By analyzing the top 20 countries with the highest startup output in 2023, this report expands on the data derived from the GSEI. Access a count of STEM students and graduates, number of Life Sciences universities, and degree programs in an ecosystem. (GeekWire Photo / Kurt Schlosser) Seattle ranked ninth in the Startup Genome's annual global startup ecosystem rankings, up one position from its spot .
Seattle jumps to No. 9 in global startup ecosystem rankings Startup & Innovation Hubs: Amid Disruption and Diffusion, Silicon Startup ecosystem - Wikipedia Startup Ecosystem - Startup Genomes 2022 Global Startup Ecosystem Report, the number of startups in each city, and on the availability of capital and funding. Further supporting the pattern of India growing and China declining, Pune has moved into the 3140 range from 5160 in 2022, experiencing both an increase in exits over $50 million and in the number of unicorns, while Guangzhou dropped seven positions from last year, to No. Ecosystem Success Factor ModelOur principal analytical tool, this measures different dimensions of what supports the performance of local startups. The 2020 rankings have seen the growth of many R&D powerhouses: those ecosystems growing largely building upon their strengths on research and patent production. Additionally, the US has a strong education system and research institutions, which generate innovative ideas and provide a pool of talented individuals who can contribute to new startups.
PDF Presentation of the report Startup Central Eurasia Ecosystem Ranking 2023 When comparing the total startup output of the United Kingdom and China, it is understandable to expect that China would have the upper hand due to its larger population, and this holds true as China ranks 2nd while the UK ranks 3rd. 31. In June 2018, payment processing firm Adyen listed one of Europes largest tech IPOs in recent times, with a value of $8 billion.
Global Startup Ecosystem 2022: Ranking 1,000 Cities and 100 Countries Measured in early-stage success (ratio of Series B to Series A companies), late-stage success (ratio of Series C to A companies, and speed to exits (both to IPO and other exits). STEM Access: Number of STEM students and graduates.
Top 10 Countries Globally For Best Startups Development In this panel, you will get insights from ecosystem developers on how to cultivate and grow ecosystem in smaller countries and cities. Select Accept to consent or Reject to decline non-essential cookies for this use. By signing up to this event, I agree to receive information about access to current and future webinars, and electronic communication from StartupBlink from which I may opt out at any time. The Salt Lake-Provo ecosystem saw a jump in billion-dollar club startups in the past two years with a total of four such deals, including Nikola Motors $250 million Series D funding round that values the company at more than $3 billion. For example: RankingThe ranking is primarily driven by one question: In which ecosystems will an early-stage startup have the best chance of building global success?
Startup Genome Be the first to get the live results of the 2023 Startup Ecosystem Index ranking the ecosystems of 1000 cities and 100 countries. For 2023 and future reports, we are showing the specific ranking of the runners-up for improved transparency and to allow easier future benchmarking. Notably, Switzerland, Singapore, and the Netherlands also demonstrate their impressive capabilities by securing positions among the top 20 countries worldwide. StartupBlink, a global startup and innovation research centre, has launched the Startup Ecosystem Rankings Report 2020. Published the top 100 emerging ecosystem rankings for the first time. The results will later be followed by pitches by over 20 governments introducing their startup ecosystems to the world. The three main questions we start this section with unfold into many strategic questions Startup Genomes ecosystem assessment framework can help answer. With 63 startup ecosystems represented in the global top 1,000 cities, up from 57 in 2022 in StartupBlinks Global Startup Ecosystem Index 2023, this region showcases the growth and [], This article offers an overview of the global startup ecosystem and looks at a wide range of cities that dominate ecosystems in each region. We have done the extensive research on the topic and partnered with Prof. David Rigby at UCLA to analyze technology production and IP networks by studying over 1 million patents, tying them to specific sub-sectors and ecosystems, calculating the potential of each technology class and measuring the knowledge space of each of our studied ecosystems.
Asian venture capital firms are investing heavily in the region, and global investors are also taking notice of the growing opportunities in Asian markets. Where do startups have the best odds of raising additional funding? Startup Experience: The cumulative number of early-stage companies started and funded at the Series A stage. Quality: An indicator of how much policy encourages the commercialization of tangible IP, measured at the country level. , the scoring algorithm takes into account the population size of countries to assess their startup output per capita. In the past, our ranking included only the top 30 startup ecosystems. The 2021 Index ranks 1,000 cities and 100 countries worldwide, tracking both momentum and trends within the startup ecosystem since 2017. The United States continues to dominate the global startup landscape, with several cities ranking high in the latest study evaluating the top 30 cities for startup ecosystems. All major Chinese ecosystems dropped in the overall rankings: Shenzhen moved down 12 places, Beijing two, and Shanghai one, now standing at No. Melbourne has also seen notable progress, climbing six places from the GSER 2022 to No. The USs enduring reign at the top of the rankings reveals its unparalleled power and influence in the global startup ecosystem. In other words, its startup ecosystems might be thriving in terms of overall numbers, but they have yet to fully leverage their population sizes to achieve higher startup output per person. Our ranking this year goes beyond the top ecosystems to include "Emerging Ecosystems" the next 100 ecosystems after the top ones. 5, both gaining two spots. and China, it is understandable to expect that China would have the upper hand due to its larger population, and this holds true as China ranks 2nd while the UK ranks 3rd. Additionally, when considering their total startup output, these countries demonstrate a slightly elevated position, further highlighting their distinction as the leading nations with the highest startup output within the business region. San Jose, California, which hosts the SubZERO Festival in the SoFa District every summer, also hosts enough startup activity alongside its regional neighbors to help Silicon Valley retain its titls as the No. By leveraging Deels innovative solutions, startups can seamlessly tap into a vast talent pool from 150 countries, breaking down geographical barriers and unlocking new possibilities for growth. Tel Aviv, often referred to as the "Silicon Wadi," ranks highly in terms of its startup ecosystem. When expanded it provides a list of search options that will switch the search inputs to match the current selection. The methodology for this ranking of the top 100 emerging ecosystems is intended to reflect this, showcasing the ecosystems displaying high potential to be top global performers in the coming years. These countries have faced challenges in leveraging their smaller populations to drive significant startup output to compete with large countries. Beijing is at #4 and Boston is at #5. In the 2019 report, we discussed the Top 30 and the Next 30 startup ecosystems. Startup Genome, through an evidence-based data-driven approach, is working with members to help them make decisions that address the right issues at the right time and prioritize vertical strengths. Indian ecosystems continue to rise, with Mumbai leading the way by moving up five places to a tie at No.
Why Dubai is Becoming a Global Startup Hot Spot - Crunchbase In fact, we have called 2022 "the year of global startup ecosystem uncertainty." Below are some key insights: The "Big 4" Startup countries remain the same as in 2021: the U.S., U.K., Israel and Canada. Its number of exits over $50 million increased by 60%, with the highest valued online marketplace Nykaas 2021 IPO at $7 billion. 2023 Accelerator Program. All four ecosystems rank among the top 10 ecosystems in Knowledge, a key driver for improvement in their ranking. Top 20 Countries by Total Startup Output in 2023, StartupBlinks Global Startup Ecosystem Index (GSEI). Regional Insights: Asia. Access: A function of early-stage funding volume and growth. Startup sub-sectors highlighted in Blue followed by Green are the sub-sectors with the most opportunities for this particular startup ecosystem. Of the 11 new ecosystems that made it to the top ecosystems list, six are out of Asia-Pacific. Top 50 Best Graduate Programs for Entrepreneurs in 2023 The Princeton Review and Entrepreneur have again partnered to rank the top programs for studying entrepreneurship as a graduate student..
Startup Genome A 43% increase in Ecosystem Value comes thanks in part to increased exits over $50 million and above $1 billion. In addition, Europe's largest Fintech unicorn, Revolut, is based in London, boasting a valuation of $33 billion, while SumUp and Rapyd are valued at $9 billion and $8.7 billion respectively.New York City has witnessed a 42% increase in exits above $1 billion since the GSER 2022, including Healthtech Roivants Q2 2021 $7.3 billion exit, and now boasts 126 unicorns, with 37 added in 2022. RT Corporation is the highest valued unicorn at $3.5 billion. Tel Aviv received the highest score in the Innovation Ecosystem category with a score of 51 out of 60. Our analysis which expanded from 60 ecosystems in 2018 to 150 in 2019 and to nearly 300 today has allowed us to rank the top 40 global startup ecosystems as well as 100 emerging startup ecosystems. In addition to government support, Asian cities are also benefiting from a large and growing pool of skilled talent. Report 2023 covers Central Asia and Caucasus countries. Australia, a country with a population just above 25 million, loses three spots when the scores are not adjusted for population, being surpassed by large nations such as Japan, Brazil and Spain. By extensively expanding our list of ecosystems covered, we made inroads in increasing our coverage to cover more places in Africa and South America as well. Miami has made significant progress in the startup ecosystem rankings, moving up 10 places to become one of the top startup ecosystems in the world, according to the 2023 Global Startup Ecosystem Report. 1 Global Startup Ecosystem. Amsterdam was ranked #19 in 2015 ranking and since then it has continued to rise to #15 in 2019 to #12 in 2020. By analyzing the top 20 countries with the highest startup output in 2023, this report expands on the data derived from the GSEI. Zurichs recent performance has also been impressive, rising a remarkable 10 places from last year and making it to the runners-up, at No. Cost: Cost efficiency average of software engineer salaries. Quality a function of the number and density of top developers on GitHub, English proficiency, and historical exits, as well as a proxy for experienced scaled teams in the ecosystem. The findings provide valuable insights for entrepreneurs, investors, and policymakers looking to tap into the most promising cities for the next wave of innovation and growth. Asian cities are also prominent in the rankings, with six cities in the top 20. This approach allows for a comparison of countries dominance in terms of sheer output, regardless of their population size. Why Dubai is Becoming a Global Startup Hot Spot Crunchbase Partnerships 3 min read By Alberto Onetti, Chairman of Mind the Bridge Dubai is about to turn into a global startup hot spot. It also has the highest growth in number of exits, at 74%, from 20172018 to 20212022, and experienced a 34% increase in Series A count for the same period. It is important to note that countries with larger populations, such as China, India, Brazil, and Japan, are expected to have higher positions in the total startup output ranking due to their ability in producing more innovation. Through changes in the ranking and through the expansion of our list, we see eleven ecosystems that appeared in the top 30 and runners-up global ecosystem list for the first time: For most of these ecosystems, the spurt in the ranking is driven by billion-dollar club startups (unicorns and companies with billion-dollar exit rounds). Its highest-valued unicorn, tech-enabled delivery platform Paack, was valued at $1.6 billion, helping to take the Ecosystem Value to $21 billion, a 91% increase from 2022. For the Montreal startup ecosystem, 2019 was an exceptional year that witnessed the emergence of two unicorns: Sonder and Nuvei, and the listing of Lightspeed POS Inc., which became the largest IPO by a tech firm in Canada. So Paulo, Salt Lake-Provo, and Montreal saw a sudden jump in big-ticket deals in the past two years.
Tokyo-Yokohama Area startup ecosystem rose in the ranks globally in The report found that there is a strong correlation between the number of startups in a city and the level of economic growth in that city. That victory comes even as deals and company headcounts have contracted heavily in Silicon Valley over the past two years.
Tel Aviv ranks #5 in global startup ecosystem - ISRAEL21c Philadelphia retains top 30 ranking on list of global startup ecosystems in 2023 Posted on June 26, 2023 In 2022, Startup Genome's Global Startup Ecosystem Report ranked Philadelphia as the 27th-best startup ecosystem in the world and number eleven within the U.S. Measured in early-stage success (ratio of Series B to Series A companies), late-stages success (ratio of Series C to A companies and number of billion-dollar club startups), and speed to exit (both to IPO and other exits). The first part of the report was released in 2022 and covered the innovation ecosystems of Kazakhstan, Kyrgyzstan, Tajikistan and Uzbekistan. The top 10 ecosystems were Silicon Valley, New York City, London, Los Angeles, Tel Aviv, Boston, Beijing, Singapore, Shanghai, and Seattle. You can discover the position of 100 countries in rankings by total startup output with a PRO Account. To discover such places, StartupBlink has built a powerful Startup Ecosystem Rankings Report 2019 for you that [], Canary Islands Startup Ecosystem: Overview and Insights, They say preparation is the key to success, and in the case of the Canary Islands startup ecosystem and public sector developers, this has proven to be of paramount importance. 20 in the Emerging Ecosystems ranking thanks in part to an increase in exits of over $50 million and a new unicorn, Lodestone Energy, valued at $1.3 billion. The Rise of Asia is more visible this year, with 30% of the top ecosystems coming from the region, compared to 20% in 2012. Singapore has entered the top 10 ecosystems for the first time, moving up an impressive 10 places from #18 last year. The Top 100 Emerging Ecosystems are collectively worth over $540 billion in Ecosystem Value, which is a 55% increase from last year. A Note From Global Entrepreneurship Network, Global Startup Ecosystem Ranking 2023 (Top 30 + Runners-Up), The Historical Spirit of Amsterdam Lives on in Its Thriving Startup Scene, Bold, Curious, and Unafraid: Estonia Is Where Startups Get Started, Adaptation & Resilience: First-Hand Insights Into the Ukrainian Startup Ecosystem, A Data-Driven Review of Detroits Startup Ecosystem, How a Diverse Range of Tech Startups Is Flourishing in New Zealand, Discover Angolas Emerging Startup Ecosystem: Opportunities and Challenges, The top three ecosystems have maintained their positions from 2020, with. China and India have the potential to achieve a higher global ranking by increasing their total startup output to a level that aligns with their vast populations.
India ranks third in world 'startup' ecosystem: Union minister Anurag Miami has made significant progress in the startup ecosystem rankings, moving up 10 places to become one of the top startup ecosystems in the world, according to the 2023 Global Startup Ecosystem . Hence, although Indonesias position significantly improves in this ranking, its output is still lower than smaller nations. Senior Program Lead for Ecosystem Development, Copyright 2023 StartupBlink.com All Rights Reserved, Be the first to discover the rankings of the startup ecosystems of 1,000 cities and 100 countries worldwide, Understand the ranking methodology and the factors influencing the rankings in 2023, Watch over 20 government stakeholders pitching their ecosystems, Senior Program Lead for Ecosystem Development | QBO Manila, International Economic Development Director | Tel Aviv Global, Director of Startup Department | CzechInvest, Manager | Response Innovation Lab - Somalia, Manager | Response Innovation Lab - Somalia, Global Startup Ecosystem Index Report 2022, Find out how your city and country rank globally and in comparison to neighbouring ecosystems, Discover the latest startup ecosystem trends by region and across 12 industries, Startup Ecosystem Development in Developing Countries and Rural Cities.
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