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An economic catalyst
StartupBlink works with governments, municipalities, and economic development corporations in many countries to create and benchmark their startup ecosystems. This research center also produces various maps and other reports.
The StartupBlink 2020 Global Rankings report is based on an algorithm developed over the past five years that has helped analyze the rankings of the world’s startup ecosystems in 1,000 cities and 100 countries.
This is StartupBlink’s third global report on the startup ecosystem, which aims to discover innovation trends around the world and assess the most advanced countries and cities in this regard. “We have decided to publish a report in the middle of a pandemic, because innovation should be more important now than ever, as it leads us towards solutions to this crisis,” said David.
A pandemic has changed the world and change is a value today. The world is constantly changing and innovation will always be a powerful asset, no matter what.
He emphasizes that a pandemic has changed the world and change is a value today. “The world is constantly changing and innovation will always be a powerful asset no matter what. A country without risking its people to innovate risks its economic future ”, adds the leader of StartupBlink.
“I have met high-level public sector ecosystem developers who are frantically working for the benefit of their entrepreneurs. Public sector economic developers are needed more now than at any time in recent history,” David said.
In its study, StartupBlink sought to refrain from subjective measures such as surveys and interviews. Instead, the organization used real-world data that was collected from a map they created themselves or from trusted data partners. The three main components of the ranking of countries and cities are the number of startups and other organizations that support them, the registered quality of their structures and the creation of a business environment.
StartupBlink defines a startup as any new company that adopts an innovative solution. Innovation can be both a technological and unique business model. Therefore, local service providers and directories, such as real estate listings, are not considered startups and do not appear on the organization map.
The research center has also ruled that any unicorn is a supposedly private start-up with a value of more than a billion dollars. or a publicly traded company with a value also in excess of $ 1 billion. Dollars should not be viewed as a new company and are highlighted as unique entities in the rating system.
Jumps and falls
A StartupBlink study revealed that the same four countries in the top ranking have held their position since 2017, clearly showing that there is a large gap between these four countries and the next that will be difficult to close. However, there has been an internal change in the Big Four this year.
In the first place, the reigning United States maintained a significant gap with respect to the rest of the countries in the ranking. The UK also came in second, but Israel knocked Canada out of third place on the list, leaving the country at the bottom of the Big Four.
For these countries, the difference in the leaderboard between competitors is much smaller. Taking advantage of that, Germany moved up four places and now ranks fifth. The Netherlands, in sixth place, and Switzerland, in eighth place, maintain their positions. Australia went through a disappointing year, dropping from fifth to seventh place. Spain moved up one lap to ninth place, while Sweden fell to tenth in the table by three positions.
Beyond the top ten scripts, 2020 brought some interesting surprises. Estonia, in eleventh place on the list, moved up two spots. Lithuania, which has been consistently ranked for three years, is ranked 15th this year, and the capital Vilnius boasts the world’s eighth city, with 300,000 to 1 million inhabitants. population population, locally.
One of the most significant changes registered is China, which has climbed thirteen notches and is in 14th place. However, it must be recognized that the high gains of China and its cities in 2020 partly due to changes in algorithms, as well as well as the inevitable growth of China’s IT sector.
Both Singapore (16th) and Brazil (20th) have made a successful leap into the top twenty of the world’s strongest ecosystem countries, rising 17 impressive places since 2019. At the same time, disappointing results were recorded for Denmark and India, with both countries dropping six places to 22nd and 23rd, respectively. Poland also dropped out of the top 20 of the rankings and fell seven places to 27.
The first runner-up on the list this year is Taiwan, in 30th place. Experts note that this is a truly impressive debut. European countries made some significant jumps to 40: Norway (33rd place), Slovenia (35th place), Latvia (36th place) and Croatia (39th place) all rose 13, 33, 9 and 11 respectively. 2020 Luxembourg was also successful in 2007 (40th), and Malta, which made one of the most impressive leaps in 2020, climbed 28 spots this year to 61st.
Estonia, in eleventh place on the list, moved up two spots. Lithuania, which has been consistently ranked for three years, is ranked 15th this year.
In Latin America, Argentina did better: the country ranked 38th, but Mexico and Colombia dropped out of 40th place. Jamaica has taken the lead in the Caribbean, having climbed twelve places since last year and now ranks 76th.
In the Asia-Pacific region, New Zealand (47th) recorded a sharp drop by 21 places, Indonesia (54th) and Thailand (50th) also fell thirteen and seventeen places respectively in the table. But for Vietnam, 2020 is a good year: the country has moved up thirteen places on the list, to 59.
It has been a disappointing year for African countries, with Kenya, Nigeria, Egypt and Ghana experiencing sharp declines. However, the Arab world is satisfied with the significant jumps: Lebanon (74th) jumped eight places, Bahrain (75th place) 20 places and Qatar consolidated its position in the top 100, climbing thirteen places to 84.
This year a total of 412 start-up ecosystems have been recorded in the North America region: 383 of them are in the United States and the rest in Canada. There are a total of 118 startup ecosystems in Asia-Pacific, 339 in Europe, 79 in Latin America and the Caribbean, and 55 in the Middle East and Africa.
Urban competitions
2020 – second year the same cities are in the top five: San Francisco (1st place), New York (2nd place), London (3rd place), Boston (4th place) and Los Angeles (5th place) . Only change since 2019 – Boston and Los Angeles swapped positions.
While the gap between these cities and sixth place is very large, analysts believe that if current trends continue, Beijing and Shanghai will have serious opportunities to change the current situation. Beijing, which ranks sixth this year, has jumped eleven spots, while Shanghai, now at 10th, has risen to 21st since 2019. In the field of startup ecosystems, China has raised a serious challenge for the United States clearly leaders in recent years. Beijing’s rise pushed both Tel Aviv (7th) and Berlin (8th) down, while Moscow, Russia’s start-up hub, moved up one place to 9th.
The strongest Indian startup ecosystem in Bangalore since 2019 has dropped three spots and is now ranked 14th, while New Delhi has moved up three spots and is now ranked 15th, thus narrowing the gap with its main competitor in the country. São Paulo (18th) is now among the top 20 cities, having become the catalyst for Brazil’s rise, and South Korea’s capital Seoul (21st) has climbed nine spots. Washington 2020 made one of the biggest jumps: from 45 places in the ranking it went up to 30.
Attractive – in mind
The US start-up hub, compared to the rest of the world, is so torn that there seems to be one in the front row – there’s a huge gap between the US and the UK in second.
Four of the five most attractive start-up cities in the world are in the United States, and so far, there is no indication that any other country can close the gap quickly.
The importance and value of the strongest position is evident among the cities of the United States themselves: the absolute leader on the list, San Francisco, is second only to New York in second place.
Why is the United States so attractive? Most of the most promising starters of artificial intelligence are still here. Additionally, flexible national bankruptcy laws are an example of why it is better to fail and start over in the United States, compared to the losses suffered from the same setbacks in many European countries. Investor psychology in Silicon Valley is fundamentally different from that prevalent elsewhere: Experts say Silicon Valley’s leadership is based not on technology but on mindset.
Waiting for a breakthrough?
The UK, which has established strong ties with the US in the world of start-ups, will face a serious loss after Brexit: no other EU country will reach the level of strength of the EU’s start-up ecosystem. monarchy for a long time.
London (third place) is the only city in the world to rank among the top five cities in the US There are almost three times more unicorns in London than in any other European city.
However, in EU terms, the UK’s exit from the Community is particularly beneficial for Germany (5th place), which now has the highest ranking of the startup ecosystem in the bloc. The country has a long tradition of developing world-class, high-quality corporations such as SAP, Siemens or Bosch. All of these companies fund initiatives in the German startup ecosystem as part of their innovation. The diversity of the country’s starters is also reflected in its latest unicorns.
Small but mighty
Israel can become a global center despite its difficult geopolitical situation.
Famous for innovation (third place), Israel is a relatively small but very strong start-up center. The country’s leader remains a vibrant Tel Aviv, although it should be noted that this year, the gap between Tel Aviv and beyond, such as Berlin, Moscow and Shanghai, has indeed narrowed.
Israel can become a global center despite its difficult geopolitical situation. This is confirmed by the impact of a high-quality start-up ecosystem on the economy. Israeli start-ups are successfully filling the country’s budget with cash, which is used both in the form of taxes and because of the high wages paid in the sector.
All of this was accomplished without the guidance of the public sector. Stripe, Revolut and Transferwise do not work in Israel, and if you try to call Uber, you will have to wait a long time because this service is not available in the country. The programs created here, such as Waze, Wix, Fiverr and Viber, are world famous, so Israel does not need to use startups created by others, and the country successfully calculates the profits from its products.
At the same time, Canada (fourth place), which surrendered its place last year to Israel, suffered a defeat: Toronto and Vancouver lose their attractive status as starters, but other Canadian cities come to their aid, and the country also has important unicorns.
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