One week after we officially launched the Global Startup Ecosystem Index 2022, here are the key insights of the top 10 Startup Economies.
- The US maintains its status as the highest ranked country, with a total score gap almost 4 times that of the second ranked country, the UK. The prediction of a US decline has yet to materialize, with more American cities strengthening and offsetting the gradual demise of San Francisco as the global startup leader. In total, the US has 257 cities in the top 1000 rankings, no other country comes close.
- The UK has substantially increased its lead over the 3rd ranked country, Israel, and is now well entrenched as the 2nd highest ranked country globally. The UK has an impressive 78 cities ranked, making it the only country other than the US with more than 50 cities in the Index.
- Israel was a whisker away from overthrowing the UK in 2021, and is now not only a distant second, but sees the national ecosystem of Canada, ranked 4th, closing in.
- Canada, with a successful year, has also created a substantial gap above all ecosystems ranked below it, creating a Big 4 club of countries that have established dominant leading positions.
- The first change in the top 10 is at spot 5, now claimed by Sweden, overtaking Germany at 6th, to become the first ranked EU country in terms of startup ecosystem success.
- At 7th, Singapore has registered a substantial increase of 3 spots, also making it the highest ranked Asian country in the Index, at China's expense.
- After negative momentum over the last few years, Australia has managed to register a slight recovery, increasing one spot to 8th.
- Another impressive jump is registered by France, increasing by 3 spots and entering the top 10 and signaling its potential to become a dominant global ecosystem.
- Closing the top 10, China, after 3 years of consecutive growth, has seen a substantial decrease of 3 spots and lost its position as the highest ranked Asian economy.
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THE IMPACT OF THE 2022 INDEX
We are happy to see that the Global Startup Ecosystem 2022 is making an impact around the world and supporting decision makers in creating strong startup economies.