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The Global Startup Ecosystem Report 2020 (GSER 2020)

Acknowledgements

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A project like the Global Startup Ecosystem Report can only be realized with an enormous effort from both the project team and external supporters. Several partners have invested significant resources into the project. Numerous advisors, founders, investors, and industry experts have given us access to their knowledge, networks, and time because they support our vision and want to move their ecosystem and the whole startup sector forward. Startup Genome and Global Entrepreneurship Network (GEN) would like to express our deep gratitude and appreciation to everyone who contributed towards making this project possible.


Startup Genome Authors

JF Gauthier, Chief Executive Officer
Marc Penzel, President
Stephan Keuster, Head of Ecosystem Strategy
Arnobio Morelix, Chief Innovation Officer
Michal Rozynek, Director of Research

External Authors

Martina Larkin, Head of Regional Strategies, Europe and Eurasia; Member of the Executive
Committee, World Economic Forum
GEN

Project Team

Startup Genome

JF Gauthier, Chief Executive Officer
Marc Penzel, President
Stephan Keuster, Head of Ecosystem Strategy
Arnobio Morelix, Chief Innovation Officer
Tricia Whitlock, Chief Operation Officer
Michal Rozynek, Director of Research
Rahul Chatterjee, Director of Operations
Adam Bregu, Director of Business Development & Partnerships
Farshad Fahimi, Lead Data Scientist & Machine Learning Expert
Patricia Russ, Manager, Business Dev.
Laure Poirson, Global Community Manager
Pranav Arya, Consultant
Akshat Agarwal, Manager, Research
Sama Siddiqui, Senior Analyst
Utkarsh Jain, Business Analyst
Shreesh Dubey, Business Analyst
Poorva Mendiratta, Business Analyst
Anand Niranjan, Data Analyst
Dushyant Sharma, Data Analyst
Parshant Sharma, Data Custodian
Pavan Kumar, Asst. Business Dev. Manager
Shekhar Parihar, Process Lead of Lead Generation & CRM Support
Neha Thapliyal, Business Development Assistant
Karan Singal, India Operations
Marsbased, Website Development
Kritivity Web Solutions, Design
Malgorzata Olesiewicz, Intern
Julian Lehrer, Intern
Jose Romero, Intern
Chok Hao Ze, Intern
Anders Poirel, Intern
Alexandra Wojciak, Intern
Kunal Bhardwaj, Intern
Aradhey Gupta, Intern

Contributing Authors

Lubin Arora
Sean Ludwig
Jessica Stillman
Guadalupe Gonzalez
Laís de Oliveira

Global Entrepreneurship Network

Jonathan Ortmans, President
Mark Marich, Executive Vice President
Buke Cuhadar, Vice President for Global Operations
Cristina Fernandez, Vice President for Policy and Research
Peter Komives, Vice President for Strategic Development
Susan Amat, Vice President for Education

Key Author Bios

Startup Genome

JF Gauthier

Founder & CEO. JF is the world’s leading voice in innovation ecosystem development, having advised more than 100 governments and private-public partnerships across 35 countries. He has founded five businesses and led others across two continents and three sectors (Tech, Life Sciences and Cleantech), achieving two exits plus one at scaleup stage. He is also an active angel investor and previously worked in corporate innovation, advising IBM, Cisco, Agilent/HP, J&J, and Abbott for the firm of Kim Clark (former dean of Harvard Business School) alongside Clayton Christensen and other thought leaders. Harvard MBA.


Marc Penzel

Founder and President. Marc is leading global growth and impact. Prior to founding Startup Genome, he co-led the startup ecosystem development unit at Silicon Valley-based Startup Compass. At PwC, KPMG, and Bayer Group’s internal management consultancy, Marc advised top executives across various sectors.He also founded a nonprofit organization to catalyze social innovation and was appointed Expert in Entrepreneurship, IT and Future of Economic Progress by the World Economic Forum. In 2017, his work to develop startup ecosystems everywhere has led him to receive a U.S. Visa for Individuals with Extraordinary Ability.


Arnobio Morelix

Chief Innovation Officer. Arnobio leads a global team researching and advising governments and private organizations in over 30 countries to help them boost their economies through entrepreneurship. Previously, he worked at Kauffman Foundation, where he created the Growth Entrepreneurship Index and the Main Street Entrepreneurship Index, hailed as the “bible of entrepreneurship trends” by The Huffington Post and used by senators, governors, city leaders, Fortune 500 companies, and the White House.

Arnobio’s work has been featured widely in national and global media, including the New York Times, the Economist, the Wall Street Journal, and the BBC. He is a frequent public speaker and has presented at South by Southwest, Facebook, the Federal Reserve Bank, and many others. Arnobio also serves data science-focused appointments at Inc. Magazine and Stanford University.


Michal Rozynek

Director of Research. Michal heads Startup Genome’s new research projects and academic partnerships. Before joining the company, Michal specialised in fintech and worked as a consultant with leading financial services companies (including Aviva, HSBC, Revoult, and Visa), as well as mentored startups (Barclays Techstars, Huge Thing Warsaw) and launched new products and ventures in Europe and the US.

In parallel to his advisory career, Michal has also managed both academic and industry-led research projects at the University of Edinburgh, University of Oxford, and the Cambridge Centre for Alternative Finance. He is passionate about understanding and addressing the challenges and opportunities that technology-enabled innovation brings to society and businesses. Michal holds a PhD in Social Sciences from the University of Edinburgh and an MBA from the University of Oxford.  


Global Entrepreneurship Network (GEN)

Jonathan Ortmans

Founder and president of the Global Entrepreneurship Network, working to foster healthier local entrepreneurship ecosystems in more than 170 countries while connecting them into one global ecosystem. In 2008, he launched GEN’s cornerstone initiative, Global Entrepreneurship Week, enabling millions of people to explore their potential through thousands of local GEW activities and competitions each November. Through building GEW, Ortmans assembled a broad multi-disciplinary coalition that is the backbone of GEN operations, including entrepreneurs, investors, policymakers, researchers and affiliated support organizations. He serves as a longtime advisor to the Kauffman Foundation and chairs the Global Entrepreneurship Congress.


Partners and Collaborators

Global Partners

  • Bella Private Markets: Provides actionable advice on private capital challenges. Combining rigorous academic approaches with real world industry expertise, our expert team focuses on complex, customized projects that require thorough analysis, whether quantitative or qualitative in nature, to help our clients assess or design strategies, improve performance, and chart winning strategies for the future.
  • CrunchBase: Everyday investors, journalists, founders, and the global business community turn to CrunchBase for information on startups and the people behind them.
  • Dealroom.co: Provides data-driven intelligence on high-growth companies.
  • Hello Tomorrow: A global non-profit organization on a mission to unlock the potential of deep technologies to solve the world's toughest challenges by highlighting, empowering and connecting the most promising deeptech entrepreneurs across the globe with the right enablers. They bring together a community of actors to facilitate collaboration between entrepreneurs, industries and investors in order to propel innovation from the lab to the market.
  • TNW: TNW is a global digital brand that informs, inspires and connects people who love tech, through media, events, and spaces. Primarily known for its media outlet and award-winning tech events, TNW also incorporates a co-working label, a global start-up database, and delivers custom innovation programs to corporates and governments.
  • Tech Nation (formerly Tech City UK): Empowers ambitious tech entrepreneurs through growth programmes, digital entrepreneurship skills, a visa scheme for exceptional talent and by championing the UK digital sector through data, stories and media campaigns.

Startup Genome Network Members

Amsterdam, Netherlands
Techleap
Ministry of Economic Affairs and Climate Policy

Atlantic Canada
Innovacorp

Bahrain
Tamkeen

Belgrade & Novi Sad, Serbia
Digital Serbia Initiative
Cabinet of the Minister for Innovation and Technological Development

Busan, South Korea
Busan Metropolitan City
Busan Center for Creative Economy and Innovation,

Brisbane, Australia
Office of the Queensland Chief Entrepreneur

Cairo, Egypt
Information Technology Industry Development Agency

Calgary, Canada
Platform Calgary
Calgary Economic Development

Copenhagen, Denmark
Digital Hub Denmark

Curitiba, Brazil
SEBRAE

Edmonton, Canada
Innovate Edmonton
Edmonton Economic Development Corporation

Frankfurt, Germany
TechQuartier

Georgia
Georgia Innovation and Technology Agency (GITA)

Helsinki, Finland
Helsinki Business Hub

Houston, United States
Houston Exponential

Jerusalem, Israel
Jerusalem Development Authority

Kampala, Uganda
International Trade Centre, United Nations
Project Netherlands Trust Fund IV

Kuala Lumpur, Malaysia
Malaysia Digital Economy Corporation

London, United Kingdom
Tech Nation (formerly Tech City UK)

Manila, Philippines
Department of Trade and Industry

Melbourne, Australia
LaunchVic

Miami, United States
Knight Foundation

Mid-East Region Ireland
Meath Enterprise

Montreal, Canada
Ville de Montréal
Centech
Real Ventures
Bonjour Startup Montréal
Montréal International

New York City, United States
New York City Economic Development Corporation
Tech:NYC

New Zealand
Ministry of Business, Innovation and Employment

Nur-Sultan, Kazakhstan
JSC “Zerde” National infocommunication holding”

Québec City, Canada
Québec International

Rhineland, Germany
North-Rhine Westphalia State Government

Seoul, South Korea
Seoul Business Agency
Seoul Metropolitan Government

Sharjah, United Arab Emirates
Sharjah Entrepreneurship Center

Singapore
Enterprise Singapore

Sri Lanka
Information and Communication Technology Agency of Sri Lanka

Taipei City, Taiwan
Taiwan Tech Arena

Tel Aviv, Israel
Tel Aviv Global

Telangana, India
T-Hub Foundation

Tokyo, Japan
Tokyo Metropolitan Government

Western Denmark, Denmark
Digital Hub Denmark


Ecosystem Partners

Ecosystems by alphabetical order

Atlantic Canada, United States
Atlantic Canada Opportunities Agency
Startup Zone
New Brunswick Innovation Foundation

Austin, United States
3 Day Startup
Tech Ranch
Austin Technology Incubator
University of Texas Austin
BuiltIN
Central Texas Angel Network
St. Edward’s University
WeWork
Techstars Austin
Capital Factory

Bahrain
Bahrain Fintech Bay
500 Startups
Al Doseri Investments
Bahrain Development Bank
Bahrain Fashion Incubator
Brinc
C5 Capital & C5 Accelerate
Corporate Hub
Economic Development Board
Environment Arabia
Flat6Labs Bahrain
Kickstart Bahrain
Middle East Venture Partners
Kickstart Bahrain
Level Z
Nest Accelerator
Osool
Rowad Program
Social Media Club
StartupBahrain
Startup MGZN
Tenmou - The Bahrain Business Angels Company
UNIDO - Bahrain
Yo Startups

Bangalore, India
91springboard
Kyron Global
Microsoft Ventures
Global Incubation Services
Microsoft
Tlabs
Nasscom
The India Network

Barcelona, Spain
Alta Life Sciences
Antai Venture Builder
BCN Tech City
Caixa Capital Risc
Capital Cell
Conector
Delvy Law & Finance
ESADE BAN
Inveready
Nauta Capital
Nekko Capital
Rousaud Costas Duran
Sabadell Ventures
SeedRocket
Ysios Capital

Beijing, China
91Maker
Creative Young Community
Cyzone Innoway BJ
Makes-global
Noodle & Meetup
Startup Grind
Suhehui
Technode

Belgrade & Novi Sad, Serbia
Business Incubator (BITF)
Business Incubator Novi Sad
ICT Hub
Innovation Fund
SC Ventures
Science Technology Park Belgrade
Serbian Games Association
Serbian Blockchain Initiative
Startit
The Office of the Minister without Portfolio Responsible for Innovation and Technological Development of the Republic of Serbia
UNICEF Innovation Fund
Vojvodina ICT Cluster

Busan, South Korea
Ministry of SMEs and Startups (Busan Office)
Busan Economic Promotion Agency
Busan Techno Park
Design Council Busan
Busan IT Industry Promotion Agency
Busan Institute for Talent & Lifelong Education
Busan Business Incubation Centers
Busan United Holdings

Cairo, Egypt
Technology Innovation and Entrepreneurship Center (TIEC)
500 Startups
A15
Flat6 Labs Cairo
Falak Startups
AUC Venture Lab
Innoventures
Algebra Ventures
EdVentures
Sawari Ventures
FEPS Business Incubator
Seedstars
Endure
HIM angel
Kamelezer
The Cairo Angels
Ideavelopers

Calgary, Canada
A100
Alberta Enterprise Corporation
Alberta Innovation Corridor
Bow Valley College
Calgary Innovation Coalition
Creative Destruction Lab - Rockies
Innovate Calgary
Mount Royal University, Institute for Innovation and Entrepreneurship
National Angel Capital Organization
Rainforest Alberta
Southern Alberta Institute of Technology (SAIT)
Startup Calgary
University of Calgary, Hunter Hub for Entrepreneurial Thinking
Venture Capital Association of Alberta

Chicago, United States
Catapult Chicago
University of Chicago
Matter Chicago
mHUB
The Shift Chicago
1871
WorldChicago

Copenhagen, Denmark
TechBBQ
#CPHFTW
Accelerace (and Symbion)
Copenhagen Fintech
Digital Hub Denmark
DTU Skylab
InnoFounder
Leo Innovation Lab
PreSeed Venture
Talent Garden Rainmaking
The Creators Community
The Danish Growth Fund
Thinkubator (and SingularityU)
Venture Cup

Edmonton, Canada
Innovate Edmonton
Startup Edmonton
TEC Edmonton
University of Alberta Health Accelerator
Startup TNT
Valhalla Private Capital
Advanced Technology Centre
Edmonton Regional Innovation Network

Frankfurt, Germany
Frankfurt Economic Development
Goethe University Frankfurt
Hessen Trade & Invest (HTAI)
Hessian Ministry of Economics, Energy, Transport and Housing
HIGHEST TU Darmstadt
ING-DiBa
Station FRM
WIBank

Georgia
Startup factory by Georgian University
NASTA- National Startup Association of Georgia
Spark
Startup Grind Tbilisi
Impact Hub: Coworking space
Ilia State University Pre-Accelerator

Greater Helsinki, Finland
Espoo Innovation Garden
Helsinki Business Hub
Helsinki Think Company
Nestholma
Maria 01
NewCo Helsinki
Butterfly Ventures
Arctic Startup
Business Finland
Butterfly Ventures
Helsinki Games Factory
xEdu
·A-grid
Health Incubator Helsinki
Aalto Startup Center
Innovation House Helsinki
Finnish Venture Capital Association
Finnish Business Angel Network

Houston, United States
Circular Board
Fannin Innovation Studio
Houston Angel Network
Houston Technology Center
JLaBS
Mercury Fund
Redlabs
Rice University - McNair Center for Entrepreneurship
Rice University - Owl Spark
Rice University - Rice Alliance for Entrepreneurship
Station Houston
TMCx
Unconventional Capital
University of Houston - Hatch Pitch

Jerusalem, Israel
Alynnovation
AtoBe
BioJerusalem
BioHouse
Startup Nation Central
Jumpspeed Ventures
Masschallenge Jerusalem
Made in JLM
Bizmax
Ourcrowd
HUJI Innovate
JVP
VLX
Labs/02
Haddasah Accelerator (by IBM)
BioGiv
PICO Partners
QueenB
LevTech
Cornerstone Venture Partners
Groundup Ventures
Fresh.fund
JerusML
MakeGamesJLM

London, United Kingdom
MassChallenge
Techstars London
Balderton Capital
Wayra London
Accelerator Network
City of London
KPMG
TechUK
GSMA
Level39
Tech London Advocates
GEN
Microsoft Ventures
Northzone
Microsoft for Startups

Manila, Philippines
Department of Science and Technology
Department of Information and Communications Technology
Intellectual Property Office of the Philippines
Small Business Corporation
National Development Company
Philippine Exporters Confederation, Inc.
QBO Innovation Hub
AIM-Dado Banatao Incubator
IdeaSpace Foundation
Startup Village
Launchgarage
Brainsparks
Philippine Fintech Association
Fintech Alliance of the Philippines

Melbourne, Australia
Potential(x)
ygap First Gens Accelerator Program
ASTN HeadStart
Cyrise
SBE Australia, Springboard Tech
SBE Australia, Springboard Life Sciences
SBE Australia, E3
Runway Hq
ACMI X
BioMelbourne Network
Inspire9
Runway Geelong
Rome2Rio
Startup Bootcamp
Startup Victoria
York Butter Factory

Miami, United States
500 Startups
Miami Angels
Endeavor Miami
eMerge Americas
Venture Cafe Miami
Refresh Miami
Venture for America
Florida International University
University of Miami
LAB Miami
Babson WIN
Idea Center at Miami Dade College
CIC Miami
Code Fever
The Venture City
WeWork
WhereBy.Us

Mid-East Region, Ireland
EO Accelerator
Meath Enterprise Centre
Boyne Valley Food Hub
Arklow Enterprise Centre
Athy Enterprise Centre
Clane Project Centre
Kells Tech Hub
Maynooth Works
Wicklow Enterprise Centre
Kells Enterprise & Technology Centre
PFS Accelerator
Meath County Council
Meath Local Enterprise Office
Meath County Chamber
Louth-Meath Education & Training Board
Maynooth University
Kildare Chamber of Commerce
Kildare County Council
Kildare Local Enterprise Office
Kildare-Wicklow Education & Training Board
Wicklow Chamber of Commerce
Wicklow County Council
Wicklow Local Enterprise Office
Enterprise Ireland
Mid-East Regional Skills Forum
Mid-East Action Plan for Jobs Committee
Industrial Development Authority - IDA
Media Ireland

Montreal, Canada
Real Ventures & FounderFuel
Techstars AI
Tandemlaunch
Fondation Montréal Inc.
MT Lab
Centech
Ministère de l’économie et de l’innovation du Québec
Techno-Montréal
Ivado et Montréal international
Bonjour Startup Montréal
Ville de Montréal
District 3
HEC Montréal
MTL Newtech
Notman House
PME MTL
Quartier de l’innovation
Réseau Capital
Startup Fest

New York City, United States
Starta Venture Accelerator
Blue Ridge Labs
Brooklyn Chamber of Commerce
Bunker Labs
Cela
Civic Hall
Coindesk/Consensus
Company
Entrepreneurs Roundtable Accelerator
Flatiron Partnership
Gary's Guide
Innovative Collective
Mayor's Office of International Affairs
MeetUp
New Lab
New York Angels
NY Fashion Tech Lab
NY Tech Alliance
NYC Blend
SAP
Techstars
URBAN-X
VentureOut

New Zealand
Angel HQ
Angel Association New Zealand
ArcAngels
BizDojo
Blackbird Ventures
Brandon Capital Partners
Bridgewest Ventures
Callaghan Innovation
Creative HQ
COIN South
Flux Accelerator
Lightning Lab
Enterprise Angels
Equitise
Flying Kiwi Angels
GD1
Global Entrepreneurship Network
Icehouse Ventures
KiwiNet
Kōkiri
Ministry of Awesome
Movac
New Zealand Trade and Enterprise
New Zealand Growth Capital Fund
Northland Inc
SODA Inc
Sprout
Startup Dunedin
StartupWeekend
Startup Queenstown Lakes
The Factory
ThincLab
TIN Network
WNT Ventures
ZeroPoint Ventures

Nur-Sultan, Kazakhstan
AIFC
Arkley VC
Astana Business Campus
Astana Hub - International Technopark of IT-startups
Astana IT University
Astana Medical University
Bridge Group
I2BF Global Ventures
MOST Business Incubator
Mua Incubator
Nazarbayev University
QazTech Ventures
Verny Capital

Quebec City, Canada
BDC
PwC Québec
ROBIC
Ville de Québec
Quebec City Group if incubators
Quantino
Entrepreneuriat Laval

Rhineland, Germany
1stMOVER
:agile Accelerator
Axa Startup Center
BLSW
Capnamic
Coparion
Founders Institute
Future Champions Accelerator
Gateway Gründungsservice der Universität zu Köln
Getstarted, Bitkom
Gründerzentrum RWTH Aachen
HEADQUARTER[S] Cologne
High-Tech Gründerfonds
Hub Aachen
Intelligent Venture Capital Management
MWIDE
NRW Bank Business Angel Initiative WIN
NRWalley
NUK – Neues Unternehmertum Rheinland
Pirate Summit / Jolly Rogers UG
S-UBG
STARTPLATZ
Startup Dorf
Startup Unit Düsseldorf
Tengelmann Ventures
Vodafone Uplift

Seattle, United States
Startup Seattle
ARI
Lighter Capital
New Tech Northwest
Techstars
Fledge
Microsoft Ventures
Seattle Angel Conference
Alliance of Angels
Startup Grind
Seven Peaks Ventures
Angel Resource Institute
Microsoft for Startups
SURF Incubator

Shanghai, China
ChinaAccelerator
Ether Capital
Innoclub
Innospace+
NakedHub
People Square
Startup Grind
Technode
Xnode

Sharjah, UAE
Sharjah Media City (Shams)

Singapore
Action Community for Entrepreneurship
500 Startups
FocusTech Ventures
Starburst Accelerator
500 Ecosystems Singapore PTE. LTD.
Startup X PTE. LTD.
Trendlines Medical Singapore

Taipei City, Taiwan
AppWorks
BE Accelerator
BE Capital
Business Incubator Center, NTUST
CDIB Accelerator
Center for Innovation Taipei
Center of Industry Accelerator and Patent Development Strategy (IAPS)
Center of Innovative Incubator, NTHU
Chung-Yuan Incubation Center (CYIC)
DigiSpace
Garage+
InnoSquare
ITRI Open Lab & Incubator
KAFNU Taipei
NCU Innovation & Incubation Center
NTU Innovation Incubation Center
NTUT Innovation & Incubation Center
SOSV-MOX
SparkLabs Taipei
Star Rocket
Startup Lab at NCTU
Taidah Entrepreneurship Center (TEC)
Taiwan Startup Stadium
Techstars
Yang-Ming Incubation Center (YMIC)

Tel Aviv, Israel
Future Block Programs
Future Block Coworking
Techstars
Startup Nation Central
Geektime
SOSA
Microsoft Ventures
Microsoft for Startups

Tokyo, Japan
Plug n Play
Japan Venture Capital Association (KII, UTEC),
Keidanren,
Keio University,
Mitsubishi Estate,
Mitsui Fudosan,
Mori Building,
Tokyo Chamber of Commerce and Industry,
Tokyu,
Tokyu Land Corporation,
The University of Tokyo,
Waseda University

Toronto-Waterloo, Canada
Centre for Social Innovation
Invest Toronto
Next 36
OneEleven
DMZ
City of Toronto
World Canada
Brook eld Institute
The Founder City Project
Venture Lab
RIC Centre
Innovation Factory
Haltech
Creative Destruction Lab

Vancouver, Canada
Launch Academy
Sauder S3i
[email protected]
Creative Destruction Lab West
Highline BETA
RADIUS SFU
SFU Venture Labs
SFU Innovates
Wavefront
Spring
New Ventures BC
Small Business BC
Foresight
LifeScience BC
Bio Enterprise BC/Can

Western Denmark
AalborgSyndikatet
AAU Incubator (SEA), Aalborg University
Agro Food Park Inkubator/Agro Business Park
AI Innovation House
Arsenalet
Brains Business
Business Factory
Center for Industri
Danske Commodities (DC) Business Accelerator
Ecopark
Filmby Aarhus incl. Ideas Lab
Food ehub
Green Tech Center
Growing Investors
Ideas Lab
Incuba Science Parks incl. Incuba Startup Lab
It-forum (netværk)
Lynfabrikken
Novi
Odense Robotics
Odense Robotics Startup Hub
Office Lab
Robo Cluster
Startup Factory - Navitas
StartupWorks
TechBBQ
The City of Aarhus, Business Development
The Danish Growth Fund
UAS Denmark
VIA studentervæksthus Aarhus C
WeLoveStartups