The Global Startup Ecosystem Report Blue Economy Edition

Global Blue Economy Ranking: Top 25 + 10 Runners-Up

Key Findings

  • For the first time in a Startup Genome global ranking, Silicon Valley is not in the #1 spot. Singapore takes the lead thanks to strong scores in Performance, Funding, and Experience.
  • Europe has produced three of the top five ecosystems: Oslo, Amsterdam-Delta, and London.
  • Europe and North America each hold 37% of the leading ecosystems, a noteworthy difference from the GSER 2022 ranking for tech overall, where North America leads with 49% of the share, followed by Asia at 23% and Europe at 20%. 

Europe and North America each account for 37% of the ecosystems in the top 35 ranked ecosystems, followed by Asia, which holds 17% of the share. This is a noteworthy difference to the GSER 2022 ranking, where North America leads with 49% of the share, followed by Asia at 23%, and then Europe at 20%. Europe and Oceania have more leading ecosystems in the Blue Economy than in tech overall, and North America and Asia have fewer.


Global Top 25

For the first time in a Startup Genome global ranking, Silicon Valley is not in the #1 spot. Singapore takes the lead thanks to strong scores in Performance, Funding, and Experience factors. Umitron, a Singapore developer of an aquaculture data platform, has raised $11 million in funding so far in 2022.

Although Silicon Valley is not at #1 in the Blue Economy rankings, the world-leading tech ecosystem shows particularly strong performance in Funding and Talent. Two $100 million funding rounds have taken place in the Blue Economy here – autonomous surface vehicle developer Saildrone closed a $100 million Series C round in October 2021 and cellular agriculture startup Wildtype closed a Series B round of the same value in H1 2022.

Europe has produced three of the top five ecosystems: Oslo, Amsterdam-Delta, and London. Oslo ranks highest in Performance, Startup Experience, and Focus, while Amsterdam-Delta scores highly in Performance, Startup Experience, and Talent. London is a leader in Funding, Startup Experience, Knowledge, and Talent.