The report is a 50 page analysis based on data from 650+ web startups. In its 10th year, the GSER is the worlds most comprehensive, data-driven research on startups with 280+ entrepreneurial innovation ecosystems, rankings of the leading 140 ecosystems, and 3 million startups analyzed. North America continues to dominate the Global Rankings, with 47% of the top 30 ecosystems. The ecosystems scores were multiplied by the above weights to establish the overall rank of each ecosystem. Six of the top 10 hubs were in the United States, and just one Asian city Bangalore broke the top-20 ranking. Local partners (accelerators, incubators, startup hubs, investors): Startup Genome LLC (2017-2021). Below is a description of the main datasets that . Its also a very connected ecosystem with lots of networks and support programmes., Russ Shaw CBE, Founder of Tech London Advocates & Global Tech Advocates said: Its particularly impressive to see how high London ranks with reference to early-stage investment - I hope that this sends a distinct message to aspiring tech entrepreneurs that the capital is the number one destination to start their business. As we improved the data, one key outcome was an increase in the Ecosystem Value. Below is a description of the main data sets that make up . London Fire and Emergency Planning Authority. Since 2012, this research effort has provided rich insights and guidance to public and private leaders on how to cultivate thriving startup ecosystems and support local startups the #1 engine of job creation and economic growth. Im looking forward to welcoming the global tech community for this years London Tech Week, a great opportunity for us to strengthen partnerships across the world and build a better London for everyone., Janet Coyle CBE, Managing Director at London & Partners said: Londons tech ecosystem is not just one of the best in the world for start-ups, its also a fantastic place to scale a global tech business. The goal of the ecosystem is to launch and grow companies. Investment data from Dealroom.Co supports the findings, with the news that London is the top hub globally for fintech funding in 2022 with $6.3bn raised compared to $5.5bn for second placed, Bay Area. In its 10th year, the GSER is the world's most . In addition, at least based on patents, the data shows a clear tech convergence. We are honored to feature and promote their contribution on the Crunchbase blog. Johnna Crider Published February 1, 2022 Startup Genome launched its new report, Global Startup Ecosystem Report: Cleantech Edition, at CleanTech Forum San Francisco. Startup Genome, the world-leading innovation policy advisory and research firm, and the Global Entrepreneurship Network (GEN) today launched the 2022 Global Startup Ecosystem Report (GSER). We have added CB insights data and introduced in-depth checks conducted by our team to ensure the tech classification is accurate. Ecosystem Success Factor Model Our principal analytical tool measures the dimensions that contribute to startup performance. 7493460. The record levels of investment weve seen so far this year offers further proof that Londons tech sector continues to go from strength-to-strength. Emerging ecosystems are those ecosystems following the Top 40 Global Ecosystems in performance. Feb 16 Watch @startupgenome 's @adam_bregu speak @ the first Kansai Startup Mashup in Kyoto on the panel "How to unlock the potential of Kansai Startup Ecosystem": youtube.com/live/0UKIwHGDA The video will be available until March 8. The 2022 Edition provides insights and guidance to public and private leaders on how to foster thriving startup communities the #1 engine of job creation and economic growth. Overall, the country reported $6.4 billion in venture funding from January to October 2021, tripling the amount raised in all of 2019. This 10th anniversary edition of the Global Startup Ecosystem Report reflects on how ecosystems have evolved since 2012, shares JF Gauthier, Founder & CEO of Startup Genome. In its 10th year, the GSER was introduced by JF Gauthier, Founder and CEO of Startup Genome. Our constant endeavour at Startup Genome is to improve the quality of research and data to help our members and our readers gain the best on the ground knowledge about the world of startup ecosystems. London Tech Week brings together 20,000+ global government and corporate leaders, inspirational start-up founders, senior investors and tech rising stars together to discuss the power of technology for societies. Last year we successfully raised 70m which has been vital in enabling our company to grow. Latest newsletter Most read 2021 Global Startup Ecosystem Report released 27 Sep 2021 | Email | Print | PDF The 2021 Global Startup Ecosystem Report (GSER) by Startup Genome and the. We are a social enterprise, combining purpose with commercial rigour. London continues to demonstrate globally that it is a fantastic place to start, grow and scale a tech business as validated by the comprehensive Startup Genome research., Karen McCormick, Chief Investment Officer from London-based venture capital firm, Beringea said: London is home to an abundance of exciting tech companies and is particularly strong in high growth sectors such as fintech, healthtech and cleantech. Dealroom.co Database, CB Insights (2019-2021). Below are our definitions for each Startup Sub-Sector analyzed here. Cleantech consists of sustainable solutions in the fields of Energy, Water, Transportation, Agriculture, and Manufacturing that include advanced materials, smart grids, water treatment, efficient energy storage, and distributed energy systems. The GSER is both a guide to innovation performance and a cue to leaders to grow their local innovation ecosystems with evidence-based strategies, not gut," said Jonathan Ortmans, Founder and President of the Global Entrepreneurship Network. In Asia, they made up $531 billion. The #GSER2022 ranks startup ecosystems on seven Success Factors, including performance and talent. In London, you have access to some of the best tech talent and investors. Cryptocurrencies are one of many innovations utilizing the blockchain. Below is a description of the main data sets that make up this infrastructure: The overall global ecosystem ranking is a weighted average of the following factor scores: We calculated an ecosystem index value for each factor, based on the sub-factor and metrics detailed below. Increasing Unicorn Data: We made enormous strides in expanding unicorn coverage in our data set. Assesses the talent to which early-stage startups have access, Captures the degree of startup experience in an ecosystem, Measures innovation through research and patent activity. Fintech aims to improve existing processes, products, and services in the Financial Services industry (including insurance) via software and modern technology. That contributed about a 36% increase in Ecosystem Value to the top ecosystems. Download PDF The Global Startup Ecosystem Report 2021 Methodology. The 2022 Global Startup Ecosystem Report is being launched at London Tech Week, the UKs flagship technology event. Life Sciences is the sector concerned with diagnosing, treating, and managing diseases and conditions. Download PDF The Global Startup Ecosystem Report 2022 Methodology. Cybersecurity is the body of technologies, processes, and practices designed to protect networks, computers, programs, and data from attack, damage, or unauthorized access. StartupGenome.com Database, Crunchbase (2017-2021). The major factors that influenced those changes are: A measure of economic impact, calculated as the value of exits and startup valuations over 2018, 2019, and the first half of 2020, Total Seed and Series A funding in tech startups in 2018, 2019, and the first half of 2020, Average software engineer salary (lower is better): from Glassdoor, Salary.com, and PayScale; as well as local sources when applicable, Median of Series A rounds in tech startups in the ecosystem for a two-and-a-half-year time period (2018, 2019, and the first half of 2020), Median of Seed rounds in tech startups in the ecosystem for a two-and-a-half-year time period (2018, 2019, and the first half of 2020). Londons impressive start to 2022 has been boosted by major funding rounds for some of its fastest growing tech companies, including: a $312m Series G for London fintech, GoCardless; $200m Series D for software payments provider, Paddle; and $100m for online recipe kit firm, Gousto. Silicon Valley is #1, followed by New York City and London tied at #2, Boston at #4, and Beijing at #5. Among other things, Budapest has been ranked a Top 35 European Ecosystem in Affordable Talent. Brazil experienced exponential growth both overall and in its largest city. Since the pandemic, tech companies grew 2.3 times more than their non-tech counterparts. Property tech helps organizations and individuals research, buy, sell, rent, lease, and manage real estate. Startup Steve Blank defines a startup as a temporary organization designed to search for a repeatable and scalable business model. We use this definition to look at new businesses in Sectors and Sub-Sectors that include Deep Tech, Life Sciences, and Cleantech. Startup Genome, the world-leading innovation policy advisory and research firm, and the Global Entrepreneurship Network (GEN) today launched the 2022 Global Startup Ecosystem Report (GSER) at London Tech Week, introduced by JF Gauthier, Founder and CEO of Startup Genome. This creates lots of opportunities for investors with the potential for high returns., Helping major events come to life in London, Partner with the official promotional company for London, Visitlondon.com: Official visitor guide for London, Studylondon.ac.uk: Official university guide, London retains its crown as a world leading startup hub. The same five ecosystems remain at the top of the ranking as in 2020 and 2021, but Beijing has dropped one place, with Boston taking its former place at #4. BACK. Technology like AI software are increasingly inter-related, and we would expect a similar convergence overtime for Startup Sub-Sectors. London & Partners is the business growth and destination agency for London. So Paulo saw an increase in early stage funding from $902 million in 2020 to $1.5 billion in 2021, and an overall increased ecosystem value by 122% ($1.5 billion in 2020 to $108 billion in 2021). The new Startup Genome report largely reflects the massive growth seen between 2020 and 2021, and not necessarily the undulating markets experienced in the U.S. over the past couple of months. According to the research, a record 540 companies achieved unicorn status in 2021, up from 150 in 2020, with 113 ecosystems producing at least one $1 billion+ behemoth. Key speakers throughout the week include: Sajid Javid MP, Secretary for State for Health & Social Care; Hilary Clinton, Former US Secretary of State; Poppy Gustafsson OBE, CEO Darktrace; Baroness Martha Lane-Fox CBE; Sir Patrick Vallance, Government Chief Scientific Adviser and National Technology Adviser; Euan Blair, Founder & CEO Multiverse. The Startup Genome quantitative data infrastructure includes data on over three million companies, nearly 300 ecosystems, and survey data from more than 10,000 startup executives across the globe the Voice of Entrepreneurs. Advanced Manufacturing involves smart technology to improve traditional manufacturing of products and/or processes. is registered in England under no. Founder & CEO of. The emerging ecosystem ranking is a weighted average of the following factor scores: Measures early-stage startup access to customers allowing them to scale and Go-Global.. It increases transparency and maximizes public welfare and involvement. Your message has been sent successfully. We work with forward-looking organizations who understand that joining the global startup economy is key to to drive innovation and spur economic growth. Agriculture Tech captures the use of technology in agriculture, horticulture, and aquaculture with the aim of improving yield, efficiency, and profitability through information monitoring and analysis of weather, pests, and soil and air temperature. Were excited to see investors, entrepreneurs and policy makers from around the world in London this week for London Tech Week and we cant wait to showcase the very best of Londons global tech scene., JF Gauthier, Founder and CEO, Startup Genome said: The performance of the London startup ecosystem, climbing from #7 in 2012 to #2 for the last 3 years, demonstrates its strength as a leading international startup hub. The Startup Genome quantitative infrastructure includes data on over three million companies, nearly 300 ecosystems, and survey data from more than 10,000 startup executives across the globethe Voice of Entrepreneurs. The Global Startup Ecosystem Report 2022 - INSME Since the pandemic, tech companies grew 2.3 times more than their non-tech counterparts. Performance: A combination of leading, lagging, and current indicators that capture economic outcomes in a startup ecosystem, Funding: The level and growth of early-stage funding, looking at both access and quality, Market Reach: Early-stage startup access to customers allowing them to scale and Go-Global, Connectedness: Connectedness within the ecosystem and the supporting infrastructure, Resource Attraction: The gravitational pull of an ecosystem drawing in entrepreneurs and startups from elsewhere, Startup Experience: The depth and diversity of the pool of prior startup experience in an ecosystem, Talent: The accessibility, quality, and cost of software engineering expertise, Founder: Success factors related to the startup founder, under his or her control, or internal to the startup as opposed to external (a function of the ecosystem), Founder DNA: The background, experience, ambition, and motivation of local founders, Founder Go-Global Strategy: Whether a startup is going global from the outset or first targets its local market and whether its customer acquisition team is located, targeted, and skilled to succeed, Founder with High Ambition: Founders who expressed all of the following attributes: a total addressable market of $30 billion USD or more; development of a globally new or globally leading or niche product; a mission to change the world, get rich or create a great product, Founders with Experience in Sub-Sector: Founders who considered their graduate or postgraduate degrees to be directly relevant to their startups, Local Connectedness: A multi-variable assessment of the local community, including sense of community, relationships, and collisions between founders, investors, and experts, Sense of Community Index: A Sub-Factor of Local Connectedness capturing the degree to which founders informally receive help from investors, experts, and fellow founders, Number of Relationships Between Founders: Number of quality relationships between local founders, meaning they know each other and can call upon one other for help this week, Collision Index: A Sub-Factor of Local Connectedness capturing the number of tech events on Meetup.com and the density of tech events per startup in the ecosystem. This resulted in more companies being tagged as tech and hence more deals added to our data set. on June 14, 2022. Increasing the Age Criteria: We concluded that older startups are more likely to receive higher and late-stage funding rounds. By entering your email above and clicking on the SUBSCRIBE 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 . Based on our previous analysis we assessed that it takes one year for half of the seed rounds to find their way into major data sources. Startup Genome, the world-leading innovation policy advisory and research firm, and the Global Entrepreneurship Network (GEN) today launched the 2022 Global Startup Ecosystem Report (GSER) at London Tech Week, introduced by JF Gauthier, Founder and CEO of Startup Genome. Log of sum of all exits and estimated startup valuations during the time frame without double-counting, 80% Volume of Exits (80% log of number of exits of more than $50 million and 20% log of number of exits of more than $1 billion), 20% Exit Growth Index (scored from 1 to 10), 60% Growth-Stage Success (100% Ratio of Series C-to-A Startups), 30% Speed to Exit (50% average company age at exit and 50% average company age at IPO), 10% Early-Stage Success (Ratio of Series B-to-A Startups), 90% Early-Stage Funding Volume (80% log of count and 20% log of sum of total early-stage funding deals), 70% Volume of Investors (50% log of total number of VCs and CVCs in Q1 2020; and 50% Log of total number of largeover $100 million in AUMVCs and CVCs in Q1 2020), 10% Experience of Investors (50% number of investors with above average exit rates in Q1 2020; and 50% average years of experience of investors in Q1 2020), 20% New Investor (50% log of total number of new investors with less than five years of activity in Q1 2020; and 50% ratio of active investors in Q1 2020), 50% Ratio of billion-dollar club to GDP (B), 20% Log of ratio of exits over $50 million in 2018, 2019, and the first half of 2020 to funding Series A in 2018, 2019, and the first half of 2020, Log of Commercialization of Tangible IP Assets (tiers from 1 to 10, score based on the International IP Index, measured at the country level), 60% Log of count of Meetup Groups on meetup.com, 40% Log of ratio of Number of Meetup Groups from meetup.com by population (in M), 90% Log of Life Sciences-focused measure of accelerators and incubators, 10% Log of count of Research & Development Hospitals, 70% Log of count of exits over $50 million from 2010 to 2019, 10% Share of top Github coders to total Github coders, 10% Log of Count of Github coders on github.com with more than 10 followers, 50% Log of software-engineer salarieslower is betterfrom Glassdoor, Salary.com, and PayScale, 50% Log of funding runway: ratio of median Series A funding rounds by software-engineer salary, 50% STEM students: Log of number of STEM students, 70% Log of number of Life Sciences disciplines, 30% Log of number of institutes that have Life Sciences-related disciplines, 25% Average of CNCI score from Shanghai Rankings, 25% Average of TOP score from Shanghai Rankings, 25% Average IC score from Shanghai Rankings, 25% Average PUB Score from Shanghai Rankings, Log of count of Funding of Series A from 2010 to 2020, 20% Scaling experience in ecosystem (the cumulative number of significant exits, over $50 million and $1 billion, over 10 years for startups founded in the ecosystem), 60% Log of number of exits of more than $1 billion, 40% Log of number of exits of $50 million, 80% Patents (the volume, complexity, and potential of patents in Life Sciences created in the ecosystem, further described in the Life Sciences section of the Methodology), 50% Log of tier of number of Life Sciences patents in ecosystem, 30% Life Sciences three-year moving average growth of patents, 10% Life Sciences technology potential: a measure calculated at the technology class level globally and calculated for each ecosystem based on the technologies it produces, 20% Complexity of technology class, based on a PageRank algorithm, 50% Size of technology class (log of number of global patents in class), 10% Complexity score of patents: a measure of the capacity of the ecosystem to produce patents in complex technology classes, based on a PageRank algorithm, 20% Research (H-index, a measure of publication impact, this metric looks at the production of Life Sciences research at the country level), Log of sum of all exits and estimated startups valuations during the time frame without double-counting, 80% Growth-Stage Success (50% Ratio of Series C-to-A Startups and 50% log of unicorns from 2018-1H2020), 10% Speed to Exit (50% average company age at exit and 50% average company age at IPO), 90% Early-stage funding volume (80% log of count and 20% log of sum of total early-stage funding deals), 20% Log of ratio of exits over $50 million in 2018-1H2020 to Funding Series A on 2018-1H2020, 70% Log of count of exits over $50 million from 2009 to 2018, 20% Log of count of coders on Github.com with more than 10 followers, 50% Log of software engineer salarieslower is betterfrom Glassdoor, Salary.com, and PayScale, 50% Log of funding runway: ratio of Median Series A funding rounds by software-engineer salary, 100% STEM students: log of number of STEM students, Log of count of funding of Series A from 2010 to 2020. Therefore, we use the first half of 2020 as the latest period for which earlier-stage metrics can be computed to create reliable benchmarks at the ecosystem level. According to the research, Londons startup ecosystem has demonstrated its resilience despite Brexit and the pandemic, securing the second spot for the third year in a row. The Startup Genome report also highlighted Londons strengths in high growth sectors such as Fintech, EdTech and Climate Tech. Also in MENA, Cairo has seen 156% increase in total VC funding round dollar amount from 2020 to 2021, and from 2017 to 2021, the overall number of VC funding rounds in the ecosystem increased by 60%. Consumer Electronics or Home Electronics comprises electronic or digital equipment intended for everyday use, including smart devices used for entertainment, communications, and home-office activities, as well as other wearables. Education Tech is devoted to the development and application of tools (including software, hardware, and processes) intended to redesign traditional products and services in education. (2017-2021). London is a truly global city, and our digital economy is the beating heart of our recovery after a testing few years. The GSER 2022 is the world's most comprehensive research on startups, with data from over 3 million companies across 280 ecosystems. A number of other UK hubs also featured in the reports Top 100 Emerging Ecosystems including: Bristol, Manchester-Liverpool, Birmingham, Edinburgh-Glasgow, Belfast and Durham. Further analysis of the investment data shows that London has so far attracted significantly more venture capital investment in 2022 than any other European city, receiving over double the amount of funding than Paris ($5bn) and Berlin ($2.4bn). Quantifies funding metrics important to the success of early-stage startups. Silicon Valley held onto the top spot this year while Boston and Beijing came in fourth and fifth respectively. Key highlights from the #GSER2022 include: Since 2012, global average Series A rounds have tripled to more than $18 million. Your message has been sent successfully. Note that Sub-Sectors are not mutually exclusive nor comprehensive. Measures how connected the ecosystem is to the global fabric of knowledge within the ecosystem (Local Connectedness and Innovation Infrastructure). It includes startups in Biotech, Pharma, and Medtech (also referred to as medical devices). You can contact us at any time at. These Factors are highlighted in our Ranking Methodology section. From access to funding, talent and customers to proximity to decision makers, networks and accelerator programmes, London offers start-ups all the right ingredients they need to expand rapidly. Extensive and complex systems are used to direct, convey, or monitor advertising to target audiences of any size and scale. Mayor of London Sadiq Khan, said: London is the undisputed techand innovation capital of Europe, and this independentreport demonstrates that our start-up ecosystem is also one of the most diverse and vibrant in the world. The report ranks the leading 140 startup ecosystems globally based on seven success factors including talent, market reach and connectedness. Ranking The ranking compares ecosystems based on where early-stage startups will most likely build globally successful companies. Cbinsights.com Database, Orb Intelligence Inc. (2017-2021). 22nd September 2021 The Global Startup Ecosystem Report 2021 (GSER2021) Get Report Subscribe. By entering your email above and clicking on the SUBSCRIBE 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 2022 Global Startup Ecosystem Report (GSER), the most extensive global data-driven research on startups by Startup Genome, a world-leading innovation policy advisory and research firm, was published at London Tech Week. Find out how the leading 140 entrepreneurial ecosystems rank worldwide and view the Report details here. The report was coauthored by Berkeley & Stanford faculty members. This added about 8.5% to the Ecosystem Value of the top 100 ecosystems. Discover how 140 entrepreneurial ecosystems across the world stack up and view the full report here: https://startupgenome.com/report/gser2022. Additional findings from the Global Startup Ecosystem report, show that the global tech sector has weathered the pandemic better than other industries. Thank you! Applications include searching for property, listing available properties, setting up viewing dates, and finalizing lease agreements and deals. Construction Tech can improve construction companies processes and methods, offering productivity gains, cost savings, better safety, shorter lead times, and maximised resources. The author is an expert in their field and a Crunchbase user. This contributed approximately 8% to the Ecosystem Value increase. Seoul entered the global top 10 ecosystems for the first time. Technology Startup Classification: We have made significant improvements in our classification of technology companies by adding more comprehensive classification criteria and tags from multiple sources. Thank you. The UK capital is also competitive on the global stage, ranking third for total money raised this year behind New York ($15,4bn) and Silicon Valley ($44.5bn). Similarly, for rounds later than Series B, companies with formation dates back to 1995 are now included in our data set. BACK. Crunchbase.com Database, Dealroom.co BV. #startups #ecosystem #kansai #kyoto #osaka #japan Helsinki has risen more than 20 places from last year to #35, Detroit moved up 13 places to #40 and Oslo moved up 16 places to #58. Ecosystem Value, Exit Value, and Startup Valuation: sum of exits and funding rounds of 2018, 2019, and the first half of 2020. Startup Genome. 2 in the United States, according to an annual global report by Startup Genome . The Startup Genome quantitative infrastructure includes data on over three million companies, nearly 300 ecosystems, and survey data from more than 10,000 startup executives across the globethe Voice of Entrepreneurs. The findings also confirmed Londons status as the undisputed tech capital of Europe, with an ecosystem value of $314bn significantly higher than the likes of Berlin ($94bn) and Paris ($89bn)1. Were delighted to launch the GSER 2022 at London Tech Week because there is no better place to bring together our global startup community.. The 2022 GSER found that around 95% of the UAEs firms are SMEs or startups, and they account for more than 40% of the countrys GDP. In North America, exits over $50 million made up a total of $698 billion in 2021. AI, Big Data & Analytics refers to an area of technology devoted to extracting meaning from large sets of raw data, often including simulations of intelligent behavior in computers.. Blockchain is a decentralized data storage method secured by cryptography. Nineteen ecosystems including Brisbane, Luxembourg, Santiago-Valparaiso, and Ho Chi Minh City achieved their first unicorns in 2021. Startup Genome. Our data shows that collaboration is at the core of the fastest growing startup ecosystems. By entering your email above and clicking on the SUBSCRIBE 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. About Startup Genome and The Global Entrepreneurship Network, Rankings 2021: Top 100 Emerging Ecosystems, The Next Unicorn Could Come From Anywhere, How Startups Can Build Sustainable Ecosystems, The Government As An (Effective) Venture Capitalist, African Entrepreneurs Innovate Their Way To Prosperity, Africa Insights, Rankings & Ecosystem Pages, Understanding Diverse Markets In A Dynamic Region, Mega Tech IPOs Head Toward $1 Trillion By 2025, Asia Insights, Rankings & Ecosystem Pages, The Explosive Growth Of The Amsterdam-Delta Startup Ecosystem, Europe Insights, Rankings & Ecosystem Pages, MENA Insights, Rankings & Ecosystem Pages, The North American Startup Ecosystem In A Post-Pandemic Era, North America Insights, Rankings & Ecosystem Pages, Tech Entrepreneurship On The Rise In Oceania, Oceania Insights, Rankings & Ecosystem Pages, Latin America Insights, Rankings & Ecosystem Pages, 2017-2019 Startup Ecosystem Survey with more than 10,000 participants per year, Crunchbase: Global data set on funding, exits, and locations of startups and investors, Dealroom: Global data set on funding, exits, and locations of startups and investors, PitchBook: Private capital-market data provider. Japan has seen significant growth, with a 52.3% increase in Tokyos startup ecosystem value (from $40.7 billion in 2020 to $62 billion in 2021) and Kyoto, now the countrys second largest startup ecosystem, experiencing an 11% growth within the last year ($424 million in 2020 to $471 million in 2021). The Global Startup Ecosystem report ranked London highly for access to funding, with the study recognising the UK capitals strengths for access to early-stage investment and the amount of local investors. Minneapolis is fourth-ranked emerging startup ecosystem in the world and ranked No. Since 2012, global average Series A rounds have tripled to more than $18 million. The report reveals that since the pandemic, tech companies grew 2.3 times more than their non-tech counterparts. Get our reports on the day they are released, By submitting this form you confirm that you have read and agree to our privacy policy, By entering your email above and clicking on the SUBSCRIBE 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. Govtech is the technology infrastructure used by governments and government institutions to improve public service to citizens. In 2021, companies were exiting at inflated valuations. The factor weights used to rank these ecosystems are slightly different from those used with top ecosystems (detailed in our Methodology section) to reflect their emerging status and emphasize factors that are more influential in ecosystems just beginning to grow. We are funded by grants, partners and our portfolio of venture businesses. Additionally, the city of Sharjah, home of MENAs fastest growing technopark, saw its startup ecosystem more than double in value (from less than $100 million in 2020 to $208 million in 2021) despite having early stage funding numbers below the global average. This research reveals what it takes for cities to compete in the race to the top as destinations for startup talent and investment. Finally, adding the actual Performance Index to the ranking formula serves to include the influence of unobserved factors on the performance of an ecosystem. So far this year, London has added six new unicorns to its total in 2022, including: Paddle, Forterro, Payhawk, Tripledot Studios, Accelerant, and Learning Technologies Group. 14th June 2022 The Global Startup Ecosystem Report 2022 Get Report Subscribe. London's impressive start to 2022 has been boosted by major funding rounds for some of its fastest growing tech companies, including: a $312m Series G for London fintech, GoCardless; $200m Series D for software payments provider, Paddle; and $100m for online recipe kit firm, Gousto. . A record 540 companies achieved unicorn status in 2021, up from 150 in 2020, with 113 ecosystems producing at least one $1 billion+ behemoth. London continues to rank as one of the worlds leading places to setup and grow a tech startup, according to a comprehensive new report from Startup Genome, rating global start-up ecosystems. Get our reports on the day they are released, By submitting this form you confirm that you have read and agree to our privacy policy, Rankings and insights in worlds most comprehensive report on startup ecosystems. A record 540 companies achieved unicorn status in 2021, up from 150 in 2020, with 113 ecosystems producing at least one $1 billion+ behemoth. Advertising Tech includes different types of analytics and digital tools used in advertising and marketing. The weights of the factors were determined from 2017- 2020 through correlation analyses and modeling work based on linear regression analyses, using factor indexes as independent variables with the performance index as dependent variable. We look at multiple Factors for our rankings: one measuring actual performance, with other Success Factors associated with performance, each composed of sub-Factors and metrics. The UK capital is now home to 80 unicorns, more than the next three European unicorn hubs combined (Berlin, Paris, Stockholm - 78). Measures early-stage startup access to customers allowing them to scale and Go-Global. Ecosystem A cluster of startups and related entities that draw from a shared pool of resources and generally reside within a 60-mile (100-kilometer) radius of a central point in a particular region. Robotics is the science and technology of robots, their design, manufacture, and application. Startup Economy When Startup Genome published its first Global Startup Ecosystem Report in 2012, the entrepreneurial universe was a much smaller place. Asia comes in second with 30%. You can contact us at any time at. Gaming involves the development, marketing, and monetization of video games, gambling machines, and associated services. As the first, and still the only data-driven primary research on startup and ecosystem success factors, innovators and policy leaders depend on our objective data and specialist insights. Startup Genome on June 16, 2022 The period covered in the Global Startup Ecosystem Report 2022 reveals a global uptick in post-money valuation. Early-Stage Funding: Sum of all Seed and Series A investments in 2018, 2019, and the first half of 2020, corrected for obviously missing rounds. 4 min read By Startup Genome This article is part of the Crunchbase Community Contributor Series. It is the community with the highest Global Connectedness after Silicon Valley and the best place in Europe to scale a tech business to global category leadership. Separate research by Dealroom.Co for London & Partners reaffirms Londons healthy flow of risk capital, with fresh data showing that in the first five months (January to May) of 2022, London tech companies have already attracted a record $11.3bn in venture capital funding more than the total raised in the first six months of 2021 ($10.5B) and any other year previously2. We look forward to providing further advisory economic and employment contributions as Startup Genome remains a key advisor for accelerating entrepreneurial performance and growth.. Fine Combing through Big Deals: As a final check, we scrupulously worked on the larger deals of each ecosystem to make sure that deal was valid, reflected the true value, and belonged to that particular ecosystem. Some startups are in Sub-Sectors we did not consider. London ranks fourth for climate tech funding in 2022, with London climate tech startups raising $474m, behind the Bay Area, Paris and Boston. orb-intelligence.com Database, PitchBook (2018-2021), a private capital market data provider Database, Other sources from Life Sciences Rankings, Salaries data from Glassdoor, Salary.com, and PayScale. With that in mind, for exits over $100 million we included companies with formation dates that go back to 1995. Tania Boler, CEO and Founder of London based healthtech startup, Elvie said: London is a great place to scale a tech business. Startup Genome Report A new framework for understanding why startups succeed In this report we reveal in-depth research about what makes Silicon Valley startups successful. Launched at London Tech Week, the 2022 Global Startup Ecosystem Report, placed London as the worlds number two startup hub alongside New York, and second only to Silicon Valley. June 15, 2022, 06:00pm CDT. In addition to record levels of funding, London has produced more unicorns startups and billion dollar exits than any other European hub. With that aim in mind, we have significantly improved our data set in terms of both exhaustiveness and quality. Companies building their product/architecture on top of this decentralized and encrypted technology are defined as blockchain companies. This includes incorporating CB insights unicorns and billion-dollar exits (after in-depth checks by our team). Climate tech some of the top ecosystems this decentralized and encrypted technology are as. Top 40 Global ecosystems in performance ranking Methodology section being tagged as tech and hence more added. The business growth and destination agency for London to to drive innovation and economic. Measures how connected the Ecosystem is to launch the GSER 2022 at London tech Week, the GSER introduced. London has produced more unicorns startups and billion dollar exits than any other European hub encrypted technology defined... Place to bring together our Global Startup Ecosystem Report, show that the Global Startup Report... Ecosystems based on where early-stage startups products and/or processes devices ) that Sub-Sectors are not mutually exclusive comprehensive. City Bangalore broke the top-20 ranking are now included in our data set tool! How 140 entrepreneurial ecosystems across the world & # x27 ; s most this decentralized encrypted. Are one of many innovations utilizing the blockchain year, the GSER is the science and of! 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