The Global Startup Ecosystem Report 2024


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, Managing Partner
  • Dr. Christopher Haley, Head of Research
  • Forrest Wright, Research Assessment Lead
  • Pranav Arya, Sr. Director, Ecosystem Strategy
  • Kelly Wolfgang, Content Coordinator

External Authors

  • Daniel Doll-Steinberg, Partner, EdenBase
  • Constantijn van Oranje, Special Envoy, Techleap
  • Rob Moffat, Partner, Balderton Capital
  • Anthony Griffin
  • Jessica Stillman
  • Janice Rice

Project Team

Startup Genome

  • JF Gauthier, Founder & CEO
  • Marc Penzel, Founder & President
  • Stephan Keuster, Managing Partner
  • Tricia (Whitlock) Naik, Chief Operating Officer
  • Forrest Wright, Research Assessment Lead
  • Kelly Wolfgang, Content Coordinator
  • Dr. Christopher Haley, Head of Research
  • Hazel Boydell, Editor-in-Chief
  • Rahul Chatterjee, Director, Global Operations & MD, Delhi
  • Adam Bregu, Head of Growth
  • Pranav Arya, Sr. Director, Ecosystem Strategy
  • Parshant Sharma, Director of Data Science
  • Sama Siddiqui, Director of Member Relations
  • Franzis Walther, Manager, Operations & Communications
  • Ethan Webster, Manager, Ecosystem Research & Strategy
  • Marina Krizman, Senior Business Development Specialist
  • Shreesh Dubey, Senior Operations Manager
  • Ananya Sharma, Operations Coordinator
  • Rahul Kumar, Data Scientist
  • Aman Bansal, Data Scientist
  • Naajid Sarosh, Data Engineer
  • Rajeev Ranjan Prasad, Data Scientist
  • Fernando Nahat Jardim, Business Development Manager
  • Anna Chadwell, Key Account Manager
  • Pavan Kumar, Manager of Sales Operations & CRM Administrator
  • Shekhar Parihar, Process Lead, Lead Generation & CRM Support
  • Neha Thapliyal, Operations Lead, Client Relations
  • Neha Nawathe, Operations Specialist
  • Tanishq Malik, Senior Business Analyst
  • Parth Arora, Business Analyst
  • Parisaa Tripathi, Business Analyst
  • Ana Lucia Osorio, Executive Assistant to the CEO
  • Bryan Steve Reyes, Executive Assistant
  • Manu Sinha, Data Science Intern
  • Litslink, Website Development
  • Sara Inglês, Designer
  • Vidur Sehgal, Designer
  • Debayan Ghosh, Research Assistant

  • Global Entrepreneurship Network

    • Jonathan Ortmans, President
    • Mark Marich, Executive Vice President
    • Peter Komives, Vice President for Strategic Development
    • Matt Smith, Director for Policy and Research
    • Cecilia Wessinger, Director for Global Community
    • Carlos Iniguez, Director for Startups
    • Kathryn Forrest, Director for Communications

    Image Credits

    • This year’s cover features Seoul. The Seoul ecosystem was selected for its impressive performance, jumping three ranks to #9 in this year’s Global Ecosystem Rankings.
    • All images taken from Freepik and Unsplash.

    Key Author Bios

    Startup Genome

    JF Gauthier undefined
    Silicon Valley serial entrepreneur and Founder & CEO of Startup Genome, JF is the world’s leading voice in innovation ecosystem development, having advised more than 100 governments and agencies across 50 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 growing 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. JF earned a Harvard MBA.

    Marc Penzel undefined
    Marc leads global growth and impact. He advises governments, scientific organizations and venture backed startups alike and is an appointed Expert in Entrepreneurship, IT and Future of Economic Progress by the World Economic Forum.

    Prior to founding Startup Genome, he co-led the startup ecosystem development unit at Silicon Valley-based Startup Compass (acquired by Sage). At PwC, KPMG, and Bayer Group’s internal management consultancy, Marc advised business executives across various sectors. He also founded a nonprofit organization to catalyze social innovation.

    Stephan Kuester undefined
    Stephan works with clients in government and private industry consortia all around the world, advising on the creation and the acceleration of tech and innovation clusters. Prior to his role at Startup Genome, Stephan headed up the International Consulting practice at UK ecosystem agency Tech Nation (fka Tech City UK) in London and served as Managing Director of digitalswitzerland. Previous to his work in the digital ecosystems space, Stephan worked as an executive director for professional services firms Arthur Andersen and Ernst & Young. Stephan holds an MSc in Economics and studied at the University of Bonn, Germany and the London School of Economics (LSE).

    Global Entrepreneurship Network (GEN)

    Jonathan Ortmans undefined

    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.

    About Our Global Partners

    Bella Private Markets is a consulting and advisory firm focused exclusively on providing solutions to the challenges facing the private capital industry. Led by Dr. Josh Lerner of Harvard Business School, Bella works closely with the senior management of – among others – private equity groups, venture capital firms, and institutional investors on complex, customized projects. Our approach combines a rigorous academic perspective with real world industry expertise to provide our clients with actionable insights to improve performance and optimize operations.

    Crunchbase is the leading platform for professionals to discover innovative companies, connect with the people behind them, and pursue new opportunities.Every day investors, journalists, founders, and the global business community turn to Crunchbase for information on startups and the people behind them. is a global provider of data and intelligence on startups and tech ecosystems. Founded in Amsterdam in 2013, we now work with many of the world's most prominent investors, entrepreneurs and government organizations to provide transparency, analysis and insights on venture capital activity. Our mission is to accelerate entrepreneurship & innovation through data for governments, corporates and VCs, founders.

    London & Partners is the business growth and destination agency for London. Our mission is to create economic growth that is resilient, sustainable, and inclusive. We are a not- for-profit company and operate as a social enterprise, half funded by the Greater London Authority (GLA) and half from other sources including our portfolio of commercial ventures.

    Informa Tech connects, informs and inspires the business technology community to build a better, more sustainable world and start conversations that matter. Through our in-depth expertise and engaged audience community, we help business professionals make better technology decisions and marketers reach the most powerful tech buyers and influencers in the world.

    Founders Forum Group is a global community and group of businesses empowering entrepreneurs at every stage of their journeys. Our community includes the world’s most inspiring founders, pioneering investors, inventive CEOs, and impactful leaders. Together, we champion entrepreneurial innovation and put the needs of today’s founders first, via networking & events, education, professional services, investment and philanthropy.

    Startup Genome Member Network

    Abu Dhabi

    Department for Industry, Innovation and Science (DIIS)
    The Department for Trade and Investment
    Adelaide Economic Development Agency (AEDA)

    Addis Ababa
    The Ministry of Innovation and Technology (MInT)


    Bantu Makers

    Innovations & Digital Development Agency of Azerbaijan Republic


    Karnataka Digital Economy Mission (KDEM)

    Belgrade and Novi Sad
    The Ministry of Science, Technological Development and Innovation of the Republic of Serbia
    Digital Serbia Initiative

    Northeastern University

    Advance Queensland

    Hungarian Innovation Agency

    Information Technology Industry Development Agency (ITIDA)

    Platform Calgary
    Calgary Innovation Coalition
    Calgary Economic Development

    Copenhagen Fintech

    Agencia Córdoba Innovar y Emprender

    William Davidson Foundation

    Qatar Development Bank

    Edmonton Unlimited

    Startup Estonia

    JETRO, Fukuoka

    Georgia's Innovation and Technology Agency (GITA)

    Helsinki Metropolitan Area
    City of Helsinki

    Indiana Economic Development Corporation

    Istanbul Development Agency

    Kerala Startup Mission

    Kuala Lumpur
    Cradle Fund

    Greater Lausanne Region
    unlimitrust campus

    Ministry of the Economy, Luxembourg

    Malta Enterprise Corporation

    Department of Trade and Industry (DTI), Manila


    Metro Rhein-Ruhr
    North-Rhine Westphalia State Government

    Mid-East Region, Ireland
    Meath Enterprise

    Mississippi Development Authority

    Startup Montréal
    Ministère de l’Économie, de l'Innovation et de l'Énergie
    Ville de Montréal
    Montréal International
    Réseau Capital

    UM6P - Mohammed VI Polytechnic University

    Muscat, Oman
    The Rising Omani Startups Programme

    New York City
    New York City Economic Development Corporation

    New Zealand
    Ministry of Business, Innovation and Employment (MBIE)

    Startup Odisha

    Ben Franklin Technology Partners of Southeastern Pennsylvania
    Drexel University
    University City Science Center

    Pittsburgh Regional Alliance

    Startup Portugal

    Québec City
    Québec International


    City of Sapporo

    Seoul Business Agency

    Sharjah Entrepreneurship Center

    Enterprise Singapore

    Sri Lanka
    Information and Communication Technology Agency of Sri Lanka


    Investment NSW

    Tamil Nadu
    StartupTN (Tamil Nadu Startup and Innovation Mission)

    Tel Aviv
    Tel Aviv Global

    T-Hub Foundation

    Tokyo Metropolitan Government

    Caisse des Dépôts et Consignations (CDC)
    Smart Capital

    Intesa Sanpaolo Innovation Center
    Fondazione Compagnia di San Paolo

    La Trobe University
    València Innovation Capital

    Office of the City of Yokohama Representative to the Americas