- Inclusive growth and issues arising from it.
StartupBlink’s Startup Ecosystem Ranking
What to study?
For prelims and mains: rankings- performance of countries, cities, challenges present and need for measures.
Context: StartupBlink’s Startup Ecosystem Ranking has been released.
Significance of the report:
- aim of this report is to feature and rank hundreds of startup hubs instead of highlighting a few globally recognized winners.
- This report considers not just startups, but also other critical players of the startup ecosystem like coworking spaces, accelerators, investors, leaders, and more.
- It used data from startups, accelerators and coworking spaces registered on it platforms as well as data received from global partners such as Crunchbase and SimilarWeb.
- The report has taken the startup ecosystems of 1,000 cities and 100 countries into consideration.
- India ranked 17 among 100 countries, based on the strength of its startup ecosystem.
- The top three spots remained unchanged with the United States, United Kingdom and Canada.
- Bangalore, New Delhi and Mumbai were the top cities in the Indian startup ecosystem.
Indian startup ecosystem:
3800 new startups were launched in India during the last year. Overall, Indian startups received $11 Bn of funding through 743 deals in 2018. The sectors which received the most funding were: ecommerce; consumer services (hyperlocal) and fintech.
the major challenge “will be improving the overall quality of startups, and increasing the number of unicorns than currently exist.”