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Global Startup Ecosystem Report 2023: Bengaluru ranked 20th & Silicon Valley Topped the Global List

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Bengaluru Positions 20th In Global Startup Ecosystem List 2023According to the Global Startup Ecosystem Report 2023 (GSER 2023) released by  policy advisory and research firm Startup Genome, Indian ecosystems continue to rise, with Bengaluru (Karnataka) startup ecosystem has positioned to the 20th spot, moving two places from 2022.

  • Mumbai (Maharashtra) moved up five places to 31st position and Delhi moved up two places to 24th position respectively in the Global Startup Ecosystem list 2023.
  • Among the emerging ecosystems, Pune (Maharashtra) has moved into the 31-40 range in 2023, from 51–60 in 2022.
  • Silicon Valley(United States) remaining at the top ecosystem in the GSER 2023 followed by New York City(United States) and London(United Kingdom) tied at 2nd position. They are maintaining the top three position from 2020.

Key Points:

i.Los Angeles (United States) and Tel Aviv(Israel) were at 4th and 5th position, whereas Boston(United States) and Beijing were at the 6th and 7th position respectively.

ii.Miami(United States of America) being ranked as 23rd has made impressive progress by making it into the top 30 ecosystems, an improvement of 10 positions from 2022.

iii.The top-100 Emerging Ecosystems are collectively worth more than USD 1.5 trillion in ecosystem value.

iv.Europe is the most represented region in the Emerging Ecosystems ranking and has expanded its share from 37% to 41% since the GSER 2022.

About GSRE 2023:

i.The Global Startup Ecosystem Report 2023 (GSER 2023) is an analysis of the current state of startup ecosystems worldwide.

  • Startup Genome measured six factors in each ecosystem performance, funding, market reach, connectedness, talent & experience and knowledge.

ii.The GSER provides insights into the world’s leading startup ecosystems, emerging trends, and key challenges facing entrepreneurs.

iii.It is based on research and analysis of data from 3.5 million startups across 290 global ecosystems and over a decade of independent research and providing policy advice to more than 145 clients in over 50 countries to date.

iv.The methodology for this ranking showcases the ecosystems displaying high potential to be top global performers in the coming years.

Note – Indian government has massively invested in digital public infrastructure, collectively known as India Stack, which included APB (Aadhaar Payment Bridge), AEPS (Aadhaar Enabled Payment System), eSign, Digilocker, UPI (Unified Payment Interface) and DEPA (decentralized consented data sharing protocol).

About Startup Genome:

Founder & CEO – JF Gauthier
Headquarters – San Francisco, California, United States