The Global Entrepreneurship Network (GEN) on June 14th published the 2022 Global Startup Ecosystem Report (GSER) at London Tech Week, introduced by J.F. Gauthier, Founder and CEO of Startup Genome. In its 10th year, the GSER embodies the world’s most comprehensive research on startups with over 280 entrepreneurial innovation ecosystems, rankings of the leading 140 ecosystems, and 3 million startups analyzed, reflecting how ecosystems have evolved since 2012, as the first, and still the only data-driven primary research on startup and ecosystem success factors, innovators and policy leaders depend on objective data and specialist insights.
Some of said insights from the GSER2022 include:
- Since the pandemic, tech companies grew 2.3 times more than their non-tech counterparts.
- A record 540 companies achieved unicorn status in 2021, up from 150 in 2020, with 113 ecosystems producing at least one $1 billion+ behemoth.
- North America continues to dominate the Global Rankings, with 47% of the top 30 ecosystems. Asia comes in second with 30%.
- Japan has seen significant growth, with a 52.3% increase in Tokyo’s startup ecosystem value (from $40.7 billion in 2020 to $62 billion in 2021) and Kyoto, now the country’s second largest startup ecosystem.
- Around 95% of the UAE’s firms are SMEs or startups, and they account for more than 40% of the country’s GDP.
- Also in MENA, Cairo has seen 156% increase in total VC funding round dollar amount from 2020 to 2021, and from 2017 to 2021, the overall number of VC funding rounds in the ecosystem increased by 60%.
- Brazil experienced exponential growth both overall and in its largest city. São Paulo saw an increase in early-stage funding from $902 million in 2020 to $1.5 billion in 2021, and an overall increased ecosystem value by 122% ($1.5 billion in 2020 to $108 billion in 2021). Overall, the country reported $6.4 billion in venture funding from January to October 2021, tripling the amount raised in all of 2019.
Read the full report here.
Source: INSME Secretariat
