One of the most eye-popping GSER statistics is that the global startup economy is worth nearly $3 trillion, a rise of 20 percent from 2017. That’s the size of a not-so-small economy, larger than the GDP of the United Kingdom, France, or Brazil. Tech-driven startups aren’t just contributing to economic growth — in many ways, they are economic growth.
Here are some more impressive findings:
New global rankings
For the first time since 2017, Startup Genome has ranked the top 30 startup ecosystems around the world.
- The top five are: Silicon Valley, New York City, London, Beijing, and Boston.
- Paris cracked the top 10, moving up two spots from 2017 to #9 overall.
- TNW’s host ecosystem, Amsterdam-StartupDelta, had the biggest jump in the top 30, climbing four spots to #15 globally.
- Nine European startup ecosystems are ranked in the top 30: London, Paris, Berlin, Stockholm, Amsterdam-StartupDelta, Lausanne-Bern-Geneva, Munich, and Barcelona.
Life Sciences Rankings
Startup Genome conducted a separate analysis of startup ecosystems in Life Sciences, finding that funding and focus are two of the most important elements for success.
- The top 5 ecosystems in Life Sciences are: Silicon Valley, Boston, San Diego, New York City, and London (including Oxford and Cambridge).
- San Diego, Lausanne-Bern-Geneva, and Boston have the highest concentrations of Life Sciences startups as a share of their overall startup ecosystems.