Bengaluru has clinched the 20th spot, moving up two places, in Startup Genome’s The Global Startup Ecosystems Report (GSER) 2023.
While Silicon Valley remained on top, New York City and London were tied at No 2. With this, the top three ecosystems have all held on to their positions from 2020.
Among the emerging ecosystems, Pune has moved into the 31-40 range in 2023, from 51–60 in 2022.
GSER is a comprehensive analysis of startup ecosystems around the world. The report, now in its 11th year, offers a detailed look into the world’s top startup ecosystems, while tracking emerging trends and challenges faced by entrepreneurs.
Several Indian cities have moved up several notches in the rankings, thanks to India’s growing digital public infrastructure that has proved to be a game changer.
To create the 2023 rankings, Startup Genome measured six factors in each ecosystem — performance, funding, market reach, connectedness, talent and experience and knowledge.
The ranking identifies the top-30 global ecosystems and ten runners-up. These ecosystems feature more than $50 million in funding activity.
