Startupblink Current Affairs - 2019

Category Wise PDF Compilations available at This Link

StartupBlink Ranking of Countries for Startup Environment

StartupBlink has ranked 100 countries for startup environment of countries globally. The rankings were based on the data from over 61,000 startups, more than 500 accelerators, and over 1,400 coworking spaces registered on its platform along with data gathered from its global partners including Crunchbase, SimilarWeb etc.

The rankings were based on the impact startups have been able to make in the country, how many startups and support organisations are there such as accelerators, coworking spaces, startup events along with technology infrastructure, red tape, bureaucracy, etc.

Findings of the Report

  • The US, the UK, Canada, Israel, and Australia have been ranked in top5 in the rankings.
  • India was ranked 17th in the rankings and has climbed 20 spots (rank 37) from the previous ranking.
  • China was ranked 27th.
  • Estonia (13), Ireland (14), and Germany (9) were ranked ahead of India for their startup ecosystems.
  • The challenge before India is to improve the overall quality of startups and increase the number of unicorns than currently exist.

In the ranking of cities, Bengaluru stood at 11, New Delhi at 18 and Mumbai at 29. San Francisco Bay, New York, London, Los Angeles, and Boston topped the ranking among the cities.

Month: Categories: Reports & IndicesUPSC

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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.

Month: Categories: Business, Economy & Banking

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