Located in the northeast of Australia, the state of Queensland is building a startup ecosystem that soon could resemble the one in Sydney and Melbourne. In recent years, a large amount of resources and effort has gone into activating and building the ecosystem. As a result, the region, especially the state capital, Brisbane, is now seeing a lot more activity. Dozens of new accelerators, co-working spaces, and investors are providing strong support for entrepreneurs.
The Philippines startup ecosystem, while still relatively small, especially if compared to its Southeast Asian neighbors, is rapidly evolving. Many players in the industry are confident that Filipinos have the capacity, creativity, and skill to build successful startups.
Barcelona is at the top of startups hubs in Spain due to a strong commitment to research and innovation for many years already which is adding to a resolute and obstinate entrepreneurial attitude and a lot of individual and collective teamwork. All these attributes have brought Barcelona and Catalonia to this leading position in startup ecosystems.
In this article, we will focus on changes that happened between 2017 and 2019 in the startup ecosystems around the world. We will go over a hundred of cities and countries to signal the fastest growing startup ecosystems based on the Startup Ecosystem Rankings Report 2019 by StartupBlink that covers 1,000 cities and 100 countries worldwide. This article is not intended to give you a complete outlook of the situation in the startup ecosystems around the world but rather present the regional winners. If you want to dig deeper, Startup Ecosystem Rankings Report 2019 by StartupBlink is available for download here.
Israel is called the startup nation for a reason. As a small Middle Eastern country, with an unfavorable geopolitical situation, it has built itself to be a hub and can teach other countries valuable lessons about the development of ecosystems. Above all, Israel is a fine example of leveraging your weaknesses to become your strengths.
Your country is at war? Make your military the biggest startup accelerator. Your country is not popular globally? Make the world use your apps and life-saving innovations to become popular. Are there security threats in every direction? Develop the solutions yourself. Does your young population have to spend 3 years of their most productive time in the army? Use it to create a melting pot which allows co-founders to wisely pick their co-founders based on real-life experience. Nothing is certain and risk always eminent? Good, now your population is not risk-averse and goes full speed at building businesses with low chances of success.