Israel Current Affairs

India ranks 37th in global startup ecosystem in 2017: Startupblink Report

According to report released by global startup ecosystem map Startupblink, India was ranked 37th out of 125 countries in global startup ecosystem in 2017.

Startupblink is a global startup ecosystem map with tens of thousands of registered startups, coworking spaces, and accelerators. Its report prepared in association with ANSYS Startup Program measures startup ecosystem strength and activity. It includes global ranking index of 125 countries and 900 cities, measuring their startup ecosystem strength and activity. The rankings of country are based on thousands of data points gathered from various sources, such as incubators and accelerators that appear on StartupBlink global ecosystem.

Key Facts

Top 5 Countries in Global startup ecosystem in 2017 are United States (1st), United Kingdom (2nd), Canada (3rd), Israel (4th) and Germany (5th). Small nations of less than 10 million inhabitants like Sweden (6th), Denmark (7th), Switzerland (8th), and Singapore (10th) were placed in the top 10.

In Asia, the list was topped by Singapore (10th) and was closely followed by China (12th), South Korea (17th), and Japan (20th). In Africa, the list was topped by South Africa (38th) followed by Kenya (53rd), Egypt (54th), and Nigeria (57th).

India’s rank indicates that more has to be done in terms of ease of doing business, startup policies, and complicated tax compliance. The Indian startup ecosystem is also yet to see major exits which is seen as important measure to gauge the maturity of a startup ecosystem. India ranked below Latin American countries Mexico and Chile which stood at 30 and 33 respectively. Bengaluru, New Delhi, and Mumbai featured in the list top cities in the global ranking.

Tags:

US withdraws from UNESCO accusing it for anti-Israel bias

The United States has announced its withdrawal from Paris-based United Nations Scientific and Cultural Organisation (UNESCO), UN’s cultural agency accusing the body of anti-Israel bias. Besides US, Israel has also decided to pull out of UNESCO. US withdrawal will take effect on December 31, 2018. Until then, it will remain a full member. US has announced to establish an observer mission to replace its representation at UNESCO.

Background

USA and UNESCO were at loggerheads since 2011, after UNESCO had admitted Palestinian territories to the organization as an independent member-state called Palestine. UNESCO was first UN agency to recognise and admit Palestine as full member. The recognition was against US policy in Israeli-Palestinian conflict.

This was against US’s law which cut off its funding for any organization that recognizes independent Palestine. The US had previously paid for 22% ($80 million) of UNESCO’s annual budget. UNESCO in 2013, had suspended US voting rights in its core decision-making bodies after US missed several rounds of payments to UNESCO.

United Nations Scientific and Cultural Organisation (UNESCO)

UNESCO is UN organization that helps preserve historical and cultural sites worldwide. It is special multi-country agency, formed in 1945 and based in France. It promotes literacy and sex education as well as improving gender equality in countries around the world. It is also known for recognising world heritage sites and work to preserve cultural and heritage sites such as ancient ruins, villages and temples, and historic sites.

Tags:

12345...1020...20