One of several key elements for a flourishing startup ecosystem is open access to the knowledge and resources for everyone, whether it is an entrepreneur or supporting player, like accelerator, coworking space, government or startup organization. Hence, the popularity of startup ecosystem mapping is increasing as more players around the world understand the benefits of a transparent startup ecosystem and the visibility of the resources available in a particular location.Continue reading The importance of Startup Ecosystem Mapping
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.
This article was written in cooperation with Innovate Edmonton in preparation of Startup Ecosystem Ranking Report 2019 that ranked Edmonton in spot 95 out of 1,000 cities.
Click here to view Edmonton’s Startup Map
Edmonton is one of Western Canada’s most dynamic startup ecosystems, being home to over 394 tech companies that excel at developing businesses in the fields of AI and Machine Learning, Augmented & Virtual Reality, Web and Mobile Apps, Video Games, Health Technology and Big Data.
Together with the community, Edmonton’s service providers have started building an ecosystem that supports the commercialization of the knowledge and research coming out of our post-secondary institutions and engaged citizens. Edmonton counts 11 co-working spaces, three accelerators and 20+ organizations offering incubation programs and services; and is home to the third best university incubator in the world (TEC Edmonton).
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.