StartupBlink has launched the Startup Ecosystem Ranking Report 2019 that now ranks 1,000 cities and 100 countries worldwide and is available for download here.
Kigali, the capital of Rwanda and the biggest city in the country with an estimate of 1 million people during the day and over 700,000 people at night. The city hosts the headquarters of the majority of the companies operating in the country.
With its great infrastructure, connectivity and stable electricity, Rwanda is ranked fastest growing economy in Africa and 2nd place for doing business on the continent, with easy access to East African markets like Burundi, DR Congo, Uganda, Tanzania, and Kenya.
Maintaining the status quo and remaining in the same position as our last ranking, Ethiopia needs to do more to rise up the rankings. The country faces the same issues as other African ecosystems, such as lack of infrastructure and need for better startup-friendly and corporate taxation policies.
Nevertheless, it is worth to mention that Ethiopian startup ecosystem has some important players, like Sheba Valley, a leading hub for AI tech startups, and incubators like Ice Addis and blueMoon. The top startup city, Addis Ababa (at 505th), shows that the ecosystem is slowly developing, and has moved up 290 positions, nearly joining the top 500 club.
Startup ecosystems can be found in a wide range of locations, and the number of such hubs is increasing faster than ever before. We are always trying to keep readers updated on the newest trends, and this time we present the top-rated startup ecosystem countries for 2019.
Startup ecosystems are evolving globally. In this article, we bring you the top startup hubs divided as per their regions. These rankings are quite dynamic since startup ecosystems are continuously changing.
For this article, we have mainly relied on the StartupBlink Ecosystem Ranking Report which ranks over 1000 cities and 100 countries across the world according to their startup ecosystem. This is based on an algorithm that runs on tens of thousands of data points and takes into account the quantity of startup ecosystem entities (startups, coworking, accelerators, etc.), the quality of those entities, and comprehensive business environments. Other factors considered include ease of doing business and startup-friendly government policy. Continue reading Top ranked startup ecosystem cities in 2019→
The entrepreneurial ecosystem in Chad is still developing. It lacks information and data. It is confronted with several challenges such as lack of organization such as a national agency of information, counseling, financial assistance, judicial, and administrative. Also, the taxes are high, and there is no exoneration from corporate tax (IS) for newly created companies. The microfinance sector is not noticeable. However, since the last three years, we have noticed a certain enthusiasm in the youth regarding entrepreneurship, as they understand its necessity given the current socioeconomic crisis in the country. This is confirmed by Chad Talent Forum in 2015, which saw the participation of several entrepreneurs with original ideas.