We also analyzed data gathered from more than 50,000 members throughout the Global StartupBlink community. HOW TO: Add More Details to an Invoice by Using the Advanced Form, HOW TO: Use "My Customers" as an Address Book, HOW TO: Create and Download Cash Receipts, HOW TO: Convert your Estimate into an Invoice, HOW TO: Add Two Taxes or a Compounded Tax to an Invoice, HOW TO: Add Taxable and Non-Taxable Items on One Invoice. In some cases, it may be worth working with local authorities to improve the Business Score and create a more supportive environment for businesses. To no one's surprise, Silicon Valley ranked as the No. Shan You, Senior Vice President, Smardaten Technologies. 2023 Crunchbase Inc. All Rights Reserved. StartupBlinks yearly report on Startup Ecosystems around the globe was released for 2019. The next most active industry is Social & Leisure Technology with more than 8,000 startups but a relatively low number of Unicorns at 26. Starting a business can be challenging anywhere, but some countries manage to create a better environment to succeed. "Top Countries for Startups in Europe in 2022, by Total Score . Profit from the additional features of your individual account. How can ecosystems increase their chances of winning in the global startup revolution? This tendency shows, as it closely follows New York to take third in the rankings. Each of these countries showed a slight increase in their Business Score rank. Then you can access your favorite statistics via the star in the header. Follow. The inverse is true in Japan. Patents: the volume, complexity, and potential of Life Science patents generated in the ecosystem. Local Connectedness: a function of the number of tech meetups in the ecosystem. Unicorns are vital success stories that increase money flow to the local startup ecosystem. She studied Public Administration (Economics Of The Public Sector) in Greece and holds a Bachelors in Public Administration from the Panteion University of Political & Social Studies. To use individual functions (e.g., mark statistics as favourites, set The algorithm used to generate the rankings analyzes tens of thousands of data points powered by our global partners such as Crunchbase, alongside data gathered from more than tens of thousands of registered members on the StartupBlink Global Map. Toronto-Waterloo rose four spots to #14 based on gains in Performance, Funding, and Experience. 2023 Crunchbase Inc. All Rights Reserved. Percentage of Startup Business-Friendly Countries in each Region. The content shown is for illustration purposes only and should not be relied on. Norway, which jumped seven places last year to rank 24th, has also made a significant improvement. Global Leading Companies: a function of scaleups and unicorns in the ecosystem. StartupBlink is the world's mostcomprehensive startup ecosystem map and research center, working to uncover the momentum of startup ecosystems globally and toaccelerate their growth. 2 position for the second year in a row. Quality: a function of the number and density of top developers on GitHub, English proficiency, and history of exits. Robust startup ecosystems offer endless opportunities to startup founders around the world, starting off with access to great ideas, talent, capital, customers and the key players. The goal of the Global Startup Ecosystem Report is to answer three key questions asked by founders, investors, and policymakers around the globe: Beyond the ranking, Startup Genomes broader Ecosystem Assessment Framework includes more than 100 metrics, which comprehensively capture and assess those Factors driving startup performance. Beijing and Boston follow at No. The country's tech startup ecosystem has witnessed a whopping growth in the past few years. The 3rd-ranked country is Israel, and Canada has 4th place on the list. Explaining the Business Score Main Components of StartupBlink's Total Score Global Fintech Startup Ecosystem Rankings Top Ecosystems The scores are listed for Performance, Funding, Talent, Focus & Legacy factors respectively. However, the index noted that momentum within European countries is on a decline, even as the continent increased its number of startup ecosystems from 44 in 2021 to 46 this year. Prague has moved up more than 40 spots, to tied #41-50, thanks to three exits over $50 million and one over $1 billion. Each Country Guide includes an Ecosystem Overview with data and insights, and a Newsfeed with . This is the first year that Taiwan has entered the map due to a more extensive information collection process. For the emerging ecosystems we weighted Success Factors slightly differently than for the top performers, emphasizing Factors that contribute most to ecosystems that are just beginning to grow. Key Startup Cities Tokyo, Kyoto, Osaka Connected Country Ecosystems United States, Taiwan, Thailand Differentiators Large domestic market with major players Growth of investment (VCs and CVCs) for the last 5 years Local municipalities offering Startup Visa Program ( Tokyo, Kobe, Fukuoka and more) Challenges Hiring bilingual talents There are many building blocks that need to be present and interacting together for a startup ecosystem to thrive. India is showing significant changes in this year's ranking. The Big 4 club of countries (US, UK, Israel, and Canada) has held its ground since 2017, showing that there is a real gap between these 4 countries and those below that will be hard to narrow. Understanding startup ecosystems benefits decision makers and puts them in a position so that can grow their ecosystems. The Best Startup Cities in the World If you are an ecosystem developer working in an Economic Development Organisation and looking to build, promote, and grow your ecosystem, take a look at our Ecosystem Partnership. Many world-renowned tech companies have come out of Israel in recent years such as Waze, Wix, Monday.com and Viber. This year we assessed more than 275 ecosystems across more than 100 countries to rank both the 40 top performing and also the 100 top emerging ecosystems. (Higher salaries lead to lower scores.). For the full report and more information, visit: https://startupservices.startupblink.com/ecosystem-report/, Ruta Slavinskait, Content Manager StartupBlink, Find the right companies, identify the right contacts, and connect with decision-makers, Adrien Henni, Co-Founder of International Digital News, Jeff Richards, Tiffany Luck and Chelcie Taylor at GGV Capital. Also, there should be easy access to investments, support from accelerators and incubators, and a strong as well as well-developed infrastructure. The Quantity score measures the activity level of an ecosystem by counting the number of startups, coworking spaces, accelerators, and startup-related Meetups in the region. When compared with 2019, this year has seen no new countries enter the top ten, and yet, Germany has made a significant jump of 4 places to 5th, while Spain has moved 1 spot to 9th. The best of the best: the portal for top lists & rankings: Strategy and business building for the data-driven economy: Industry-specific and extensively researched technical data (partially from exclusive partnerships). Smartphone Startup Nothing Raises $100 Million To Build The - Forbes and over 1Mio. Automation in Manufacturing: How Cloud Technology is Transforming Industries, The Worlds Wealthiest People (July 7, 2023), The Worlds Wealthiest Women Billionaires (July 7, 2023), Wealthiest People in Argentina (July 7, 2023), Wealthiest People in Australia (July 7, 2023), Inclusion and Diversity at CEOWORLD magazine. These big exits are helping to increase its ranking in Performance and Market Reach. The best startup cities in the USA - StartupBlink Blog If you need help or have any questions, send an email to. This would not have been possible without the help of the founding partners of the project, The Health Innovation Exchange by UNAIDS and Moscow Agency of Innovations both knowing how big of a challenge COVID19 posed from an early stage and the value in our project. This report uses special algorithms and data points to rank over 100 countries around the globe and illustrate where startup founders can expect to find the best support from like-minded entrepreneurs, infrastructure, governments and much more. These components include: Startups: The more, the better. June 27, 2022 12:54 p.m. Report: Morocco Has Africa's Sixth Best Startup Ecosystem. Top countries for startups in Europe in 2022, by total score [Graph]. The Republic ranked. Boston, on the other hand, is historically known for having great health-related startups. The top 11-30 list has been a real battlefield for some countries due to the changes in the algorithm. Global Startup Ecosystem Index 2023 by StartupBlink How To Build A Startup Ecosystem - Forbes As for the cities, San Francisco (1st) is followed by two other US cities on the podium: New York and Boston. The industry in which we see the most activity and scalability is Software & Data with more than 24,000 startups and 255 Unicorns. Being one of the most important financial cities in the world, and home to the London Stock Exchange, has allowed Britain to develop into one of the top startup ecosystems worldwide. The second is Iceland, which has jumped 14 places to number 41 in the world. Israel, Singapore, and Canada are relatively underperforming with their Business Score rankings, as they are ranked 20, 12, and 7 spots below their global rankings. (adsbygoogle = window.adsbygoogle || []).push({}); Which are the top countries globally for startup development? If youre considering starting a startup in one of these countries, you may want to carefully weigh the benefits and challenges. This is our first report to track both momentum and trends within the global startup ecosystem. The US has by-far-and-away the number 1 startup ecosystem in the world. 2023 Crunchbase Inc. All Rights Reserved. For example, slow internet or restrictions on internet use are likely to hinder the growth of a country as a Startup Business-Friendly environment, while the cost of living might have both positive and negative effects. The top country rankings When compared with 2021, this year saw some significant movements in the startup scene. Based on a sample of nearly 100,000 entities, StartupBlink shows interesting trends related to main startup industries in regards to their activity level (number of startups) and scalability level (number of unicorns). StartupBlink notes that the Swedish government has been instrumental in supporting tech startups, developing Stockholm into the home of the second-most unicorns (companies with a $1-billion or more valuation) per capita after Silicon Valley. In, StartupBlink. NYC, for example, has 25k+ startups. connect with decision-makers with an all-in-one prospecting solution. 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. The Startup Universal Country Guide is a central destination for insights and news related to a country's startup ecosystem. Beijing (6th) has made a substantial leap by 11 places, while Shanghai (10th) has made a huge jump of 21 places from outside the top 30 in 2019. 3 - Editing and Making Changes, HOW TO: Recurring Invoices - pt. Despite their higher overall performance in Knowledge. 1 startup ecosystem again this year, followed by New York City and London tied in the No. With these pros, Japan has become a leader in sectors such as electronics and automotive production. Thank you! The UK has the second most innovative startup ecosystem in the world, according to the 2022 Global Startup Ecosystem Index, beaten only by the US. Startup Experience: the cumulative number of early-stage companies started and funded at the Series A stage. The top two startup ecosystems remain the same as they were last year: San Francisco and New York. (For more information. Adrien Henni, Co-Founder of International Digital News, Jeff Richards, Tiffany Luck and Chelcie Taylor at GGV Capital. Access: a function of early-stage funding volume and growth. Puebla vs. Santos Laguna odds, prediction, line, start time: 2023 Liga MX picks, best bets for Friday, July 7 . 2 - Seeing Sent Invoices, HOW TO: Recurring Invoices - pt. Russia, which is now rated 29th, has dropped 12 spots in the rankings, indicating the impact of the war on the countrys startup ecosystem. Startup Blinks partnership with Crunchbase has allowed it to feature and rank hundreds of ecosystems highlighting data on thousands of startups in order to understand the quality and frequency of innovation, as well as trends, of ecosystems around the world.