The Global Startup Ecosystem Report 2021 was recently published and it’s a deep dive into the startup landscape of the world. The report is fascinating, with insights on more than 300 ecosystems around the world. It covers everything from general information about startups to funding trends, market size and competition. I found some really interesting facts in this report that I want to share with you today. The report also details the top 30 startup ecosystems so if you’re in the market to move, give it a look but before you do that, take a look at what I got out of the report first.
The Pandemic was Fuel to Technology’s Fire
In the first half of 2020, venture funding worldwide was $148 billion. By 2021 that number had skyrocketed to a whopping $288B with growth happening at every stage according to Crunchbase. Startups are also benefiting from new investment channels including democratizing platforms like Robinhood; crowdfunding sites such as Kickstarter or Indiegogo where people pool their money together online and you can do your project if it’s something they think will interest others too then successfully complete an campaign.; special purchase acquisition companies (SPA Companies). These specialized business structures allow for investors who want more control over how much risk there is associated with investing vs buying stock on public markets – all while still remaining compliant under US law because SPA Company.
Entrepreneurial Hotspots Everywhere
The competition to become the next Silicon Valley is real, and it’s not just a Bay Area phenomenon. As cities around world—from Hong Kong to Bangalore-Karnataka are vying for this mantle of technological innovation with increasing brightnesses in their lights respectively that have been achieving success as far back 1982 when they first started clamoring
For more than $100 billion annually from venture capital inflows alone we can see how fierce things really have gotten over time; yet there seems no slowing down these rising stars on either side: while last year saw U.S.-based VC money make up 51% outflows instead previous statistics showed 84%.
The rest of that money went globetrotting. Asia, in particular, has been strong- with investments reaching more than $37 billion by midyear 2021 after beginning its pandemic recovery relatively quickly according to GlobalData . Indian startups raised 12% more funds from January through June this year–including six new unicorns appearing on the scene within four days alone last April.
Key Findings From the Report
Here are a few key findings that I got out of the report.
- The top 5 startup ecosystems are Silicon Valley, New York City, London, Beijing, and Boston.
- This year’s top performers excel in the Talent and Experience Success Factors.
- North America continues to dominate the Global Rankings, with 50% of the Top 30 ecosystems in this region. Asia is next with 27%. Europe has 17%.
- Tokyo is the sole new entrant to the Top 10, moving up 6 places to #9. The primary driver: an increase in successful exits contributing to a growth in Ecosystem Value.
- Three other ecosystems also climbed the ranks. Shenzhen broke into the Top 20, at #19. Philadelphia moved up an impressive 15 spots, rising from #43 last year to #28 this year. Salt Lake-Provo entered the Top 30, at #30.
- Aside from Tokyo and Philadelphia, this year’s biggest movers are Toronto-Waterloo (up to #14 from #18 in 2020) and Seoul (up to #16 from #20).
- Two entrants joined our Runners-Up list: Research Triangle (the Raleigh-Durham-Chapel Hill area of North Carolina, in the United States) and Dublin, Ireland.
Want to Learn More?
Above is just a snapshot of the beautifully done report that gives you a great sense of how the global startup ecosystem works. To take a deeper dive, check out the full report here.