- About Startup Genome and The Global Entrepreneurship Network
- About Our Global Partners
- Note From a Founder
- A Word from GEN
- State Of The Global Startup Economy
- Rankings 2021: Top 30 + Runners-up
- Rankings 2021: Top 100 Emerging Ecosystems
- Global Startup Sub-Sector Analysis
- The Next Unicorn Could Come From Anywhere
- How Startups Can Build Sustainable Ecosystems
- How To Divide Founder Equity
- Accelerators: To Join Or Not To Join?
- The Government As An (Effective) Venture Capitalist
- Building Entrepreneurial Communities
- Understanding Diverse Markets In A Dynamic Region
- Mega Tech IPOs Head Toward $1 Trillion By 2025
- Asia Insights, Rankings & Ecosystem Pages
- Europe’s Booming Startup Ecosystems
- The Explosive Growth Of The Amsterdam-Delta Startup Ecosystem
- Europe Insights, Rankings & Ecosystem Pages
- Entrepreneurial Growth In MENA
- Startup Culture on the Rise in Palestine
- MENA Insights, Rankings & Ecosystem Pages
- The North American Startup Ecosystem In A Post-Pandemic Era
- North America Insights, Rankings & Ecosystem Pages
The Global Startup Ecosystem Report 2021
Rankings 2021: Top 100 Emerging Ecosystems
The Most Comprehensive Research On Startup Ecosystems Globally
Startup Genome’s coverage is growing. Our analysis expanded from 60 ecosystems in 2018 to nearly 300 in 2021. That has allowed us to rank the top 40 global startup ecosystems. Since 2020 we have also ranked the Top Emerging Ecosystems. These ecosystems are in earlier stages of growth; so we have adapted our methodology to reflect that. The ranking showcases the strengths in ecosystems with the highest potential to become global top performers.
Startup Genome’s coverage is growing. Our analysis expanded from 60 ecosystems in 2018 to nearly 300 in 2021. That has allowed us to rank the top 40 global startup ecosystems. Since 2020 we have also ranked the Top Emerging Ecosystems. These ecosystems are in earlier stages of growth; so we have adapted our methodology to reflect that. The ranking showcases the strengths in ecosystems with the highest potential to become global top performers.
Key Findings
- Mumbai is once again the #1 Emerging Ecosystem. It outperformed all others in Performance, Funding, Experience, and Talent & Experience
- Significant shifts occurred elsewhere in the Top 10.
- Europe and Asia dominate the Top 10, with five and four emerging ecosystems, respectively. Philadelphia—a Top 10 Emerging Ecosystem last year—has graduated to the Top 30 Global.
The Top 100 Emerging Ecosystems created 124 billion-dollar startups in the period between 2011 and 2020, with 53 ecosystems contributing the majority. MENA started producing unicorns in 2016 and Latin America in 2018. Asia is currently in the lead. It accounts for 36% of the billion-dollar club, followed by North America with 30% and Europe with 27%.
Emerging Leaders
A few startup ecosystems stand out from the 100 Emerging Ecosystems based on key Factors.