There is a revolution going on — the global startup revolution. We are changing the world together. All of us startup leaders and all of us working in diﬀerent parts of the ecosystem. We are challenging the status quo, putting new ideas to work, and holding fast to the belief—the knowledge—that anyone, anywhere should be able to participate in this revolution. The work of startup leaders in spreading this culture of meritocracy and equality is never fnished, and we are all helping each other, paying it forward, and expanding the boundaries of startup culture.
Two recent experiences really brought home for me how we, the startup community, have built a shared global culture.
Last summer, on my way to a conference in Sri Lanka, I decided to stop in China and visit Beijing and Shanghai for the frst time. As the plane was making its fnal descent, I realized I only had one appointment set up in Shanghai, and none in Beijing. Not a good feeling. Luckily, that lone scheduled visit was with Richard Tan, CEO of Innospace. He received me like an honored guest, then connected me to other leaders telling them they had to meet me, that I was amazing and a good friend. He went out of his way to help me connect. Then each organization I visited did the same for me, and in the end I had visited 11 organizations in Shanghai and Beijing in less than 48 hours!
When I arrived in Sri Lanka, I spent my time visiting with two dozen startups about their products and experiences. Many of them displayed impressive levels of innovation. One in particular had developed PAYable, a Bluetooth chip and stripe credit card reader technology earlier in 2016 only a few months after Square released its chip reader. That small startup is helping lead a cashless payment revolution in Sri Lanka, right behind Square!
I know all of you have had similar experiences in every corner of the earth. Every time, we are reminded that our culture is special and truly global. The foundation of the revolution is the generosity and pay-it-forward mentality of startup culture. Introductions, favors, connections—people who are busy working on their own ideas and organizations frequently take the time to make these because they know it will come back around. This mentality of trust and open support helps startup ecosystems thrive. We at Startup Genome want to help spread this around the world.
So think of this as your report; we are a voice for the global revolution and I encourage you to read about all the exciting startup ecosystems we now cover, to pay them a visit and consider helping their startups or investing in them. We are all part of this growing global community.
Founder and CEO of Startup Genome
2017 Global Startup Ecosystem Ranking
We assessed 55 startup ecosystems across 28 countries and ranked the top 20. While every ecosystem enjoyed improvement in at least one dimension of their ecosystem, several places stand out for particularly strong growth.
Ecosystems all over the world are growing and producing successful startups. Our data include 28,000 startups (or 30 percent) outside of the top 20 ecosystems. Many of these ecosystems ranked highly on diﬀerent metrics. Those that did will be listed as runner-ups below the sub-factor rankings
Top 20 Startup Ecosystems:
- Silicon Valley
- New York City
- Tel Aviv
- Los Angeles
Read the full report here.