The Global Startup Ecosystem Report Fintech Edition

Methodology & References

The Startup Genome quantitative data infrastructure includes data on over 3 million companies, 280+ ecosystems, and survey data from close to 100,000 startup executives and founders across the globe.

These are the main datasets that make up this data science infrastructure:

  • Startup Genome proprietary data:
    • Interviews with 100+ experts
    • 2017–2022 Startup Ecosystem Survey with close to 100,000 participants overall
  • Crunchbase: global dataset on funding, exits, and locations of startups and investors
  • Dealroom: global dataset on funding, exits, and locations of startups and investors
  • PitchBook: private capital market data provider
  • Local partners (accelerators, incubators, startup hubs, investors):
    • list of startups
    • list of local exits and funding events
  • CB Insights: global dataset on unicorns

Sub-Sector Definition

Definition:

For the purposes of this report, Fintech describes a business that aims at developing a scalable financial services business by making use of software and modern technology. Financial technology (Fintech) companies use internet, blockchain and software technologies, as well as algorithms, to offer or facilitate financial services traditionally offered by banks. These services include digital banking, loans, payments, investments, and wealth management. Fintech also includes software that automates financial processes or addresses financial firms’ core business needs. 

Below are the product categories under Fintech:


Alternative Lending

Alternative lending consists primarily of nonbank companies or platforms that provide a range of consumer loans, business loans, and related underwriting services. This does not include companies that offer point-of-sale (POS) financing services, which we include in our consumer finance segment. Alternative lending providers often utilize artificial intelligence and machine learning (AI & ML), data mining, and predictive modeling technologies for loan underwriting and incorporate alternative data, such as education history and phone records, into credit risk models.


Consumer Finance

The consumer finance industry includes everyday consumer financial services, such as checking and savings accounts, debit cards, credit cards, and other point-of-sale credit products. Startups in this space provide services similar to traditional retail banking and tools for personal financial management (PFM). PFM tools are designed to help users manage, spend, and budget their expenses. Some companies also may provide other revolving credit $14 accounts or loyalty and rewards services. Companies in this segment differentiate primarily by focusing on distinct customer demographics and by providing personalized offerings, wages, and other required financial compensation. EPLI provides coverage for claims made by employees for violation of legal rights, including wrongful termination, harassment, and employment-related lawsuits.


Digital Assets

Companies in the digital assets space provide the access, buying, selling, exchanging, storing, and transferring of cryptocurrencies and tokens through exchanges, wallets, networks, and other technologies. Cryptocurrencies and other types of digital assets offer an alternative to traditional fiat exchange, presenting a decentralized, low-fee, instant settlement solution that functions via the internet and is available to just about anybody with an internet connection. Cryptocurrencies have the potential to improve how money is traditionally used by reducing fees associated with cross-border payments, providing real-time settlement of transactions, and reducing the costs of handling cash. These digital assets could also revolutionize how goods are traded and exchanged, providing more transparency and eliminating costs associated with middle-man services.


Financial Services IT

These companies offer cloud-based banking platforms that allow banks and other financial institutions to white label and deploy online signup processes, mobile banking applications, personal finance management, and other retail banking services directly to their customers.


Payments

The payments segment includes startups developing technology focused on a broad range of digital money-movement opportunities including payments acceptance, authorization, processing, card issuing, settlement services, debt collection, remittance, and foreign exchange. Startups are also focused on several retail-related opportunities including retail POS technology, e-commerce enablement, sales data analytics, online fraud mitigation, and transaction security.


Regtech

Regulatory technology (regtech) providers develop solutions to standardize and automate regulatory compliance, reduce fraud, and manage enterprise risk, allowing financial institutions to spend more time on their core businesses.


Data Sources

Primary Data Sources

  • Startup Genome LLC (2017-2022). StartupGenome.com Database
  • Dealroom.co BV. (2017-2022). Dealroom.co Database
  • Crunchbase (2017-2022). Crunchbase.com Database
  • CB Insights (2019-2022). CBInsights.com Database
  • PitchBook (2018-2022), a private capital market data provider Database

Secondary Data Sources 

  • Shanghai Rankings
  • USPTO
  • WIPO

Fintech Ranking Methodology 

Overall Ranking 

The overall global ecosystem ranking is a weighted average of the following factor scores:

  • Performance: 25%
  • Funding: 20%
  • Startup Experience: 5%
  • Knowledge: 10%
  • Talent: 5%
  • Focus: 25%
  • Legacy: 10%

The success factors are weighted by the above percentages to establish the overall rank of each ecosystem. The time frame considered for each factor score is detailed in the ranking details below.

The weights of the factors were determined from research and experience. This method takes into account what is deemed to be of importance in ecosystem mapping and analysis overall and across all ecosystem sizes. We have used our research in the period of 2009-2020 and correlation analysis and modeling work based on linear regression analyses, using factor indexes as independent variables with the performance index as dependent variable.

Adding the actual Performance Index to the ranking formula serves to include the influence of unobserved factors on the performance of an ecosystem.


Ranking Details

Performance

Captures the actual leading, current, and lagging indicators of ecosystem performance.

  • 50% number of exits of $50M+ in time period of Apr 1, 2017 to Mar 31, 2022
  • 25% number of exits all in time period of Apr 1, 2017 to Mar 31, 2022
  • 25% log of output (number of startups in Fintech) in the time period of Jan 01, 2012 to Dec 31, 2021).

Funding

Quantifies funding metrics important to the success of early-stage startups.

  • 90% log of number of early-stage funding deals in the time period of Apr 1, 2017 to Mar 31, 2022
  • 10% log of number of Series B funding deals in the time period of Apr 1, 2017 to Mar 31, 2022

Knowledge

Quantifies the activity of technology knowledge space by measuring the published innovation.

  • 80% Number of Patents (log of number of patents related to the sub-sector) in the time period of Jan 1, 2011 to Dec 31, 2020.
  • 10% Technology Potential, a measure calculated at the technology class level globally and calculated for each ecosystem based on the technologies it produces in the time period of Jan 1, 2011 to Dec 31, 2020.
  • 10% Ecosystem Complexity, a measure of the capacity of the ecosystem for producing patents in complex technology classes, calculated by measuring the diversity and commonness of the published patents globally.

Talent

Assesses the talent that relevant startups have access to. For this Factor, we analyzed all subjects included in Shanghai Rankings and matched to the relevant Startup Sub-Sectors to calculate the following metrics:

  • 35% Average of TOP score from Shanghai Rankings
  • 30% Average of CNCI score from Shanghai Rankings
  • 30% Average Q1 Score from Shanghai Rankings
  • 5% Number of Degree Program

Experience
  • 90% Venture A Funding (log of number of historical Series A funding deals, as a proxy for number of teams that raised funds in the ecosystem in the time period of Apr 1, 2012 to Mar 31, 2022
  • 10% Exits (log of number of historical $50M+ exits, as a proxy for number of scaled teams in the ecosystem in the time period of Apr 1, 2012 to Mar 31, 2022

Focus

Quantifies the concentration of early startups and the availability of infrastructures to support their mentorship and scaling.

  • 50% share of startups in the sub-sector, shows the concentration of startups in the sub-sector in the time period of Jan 01, 2012 to Dec 31, 2021. (This time frame is different to other metrics because the registration of companies on the global databases has a 6-24 month lag.)
  • 50% Number of Fintech Focused Accelerators and Incubators.

Legacy

Quantifies the backbone and large companies in the ecosystems, which are important sources of network, partnership, mentorship, and attract investor attention

  • 40% log sum of market value for public companies in Financial Services for all time
  • 35% log normalized market value for Financial Services public companies by population for all time
  • 20% log of number of financial Services public companies with more than 250 employees for all time
  • 5% log of the normalized count of financial Services public companies by population with more than 250 employees for all time

Key Concepts and Definitions

Ranking Score
The ranking is primarily driven by one question: In which ecosystems do early-stage startups have the best chance of building global success?

Startup
A technology-enabled business that is less than 10 years old. Steve Blank defines a startup as a “temporary organization in search of a repeatable and scalable business Model. We use this definition to look across sectors and sub-sectors, including software, hardware, health, energy, and others, and we use these parameters for data collection purposes.

Startup Ecosystem
A shared pool of resources, generally located within a 60-mile (100-kilometer) radius around a center point in a given region, with a few exceptions based on local realities. Resources typically include policymakers, accelerators, incubators, coworking spaces, educational institutions and funding groups.

Ecosystem Success Factors Model
Our principal analytical tool, this measures different dimensions that support the performance of local startups. We look at multiple factors for our rankings: one measuring actual performance, with other Success Factors associated with performance, each comprising sub-factors and metrics. These factors are highlighted in our Ranking Methodology section, as well as in each rankings section.

  • Performance: A combination of leading, lagging, and current indicators that capture economic outcomes in a startup ecosystem.
  • Funding: The level and growth of early-stage funding, looking at both access and quality.
  • Startup Experience: The depth and diversity of the pool of prior startup experience in an ecosystem.
  • Talent: Measures the accessibility, quality, and cost of software engineering expertise.

References

Global Fintech Trends

COVID-19 Drives Global Surge in use of Digital Payments, (2022, June 29), https://www.worldbank.org/en/news/press-release/2022/06/29/covid-19-drives-global-surge-in-use-of-di...

Analysis: Buy now pay later business model faces test as rates rise, (2022, June 10), https://www.reuters.com/technology/buy-now-pay-later-business-model-faces-test-rates-rise-2022-06-10...

The future of cryptocurrency: 5 experts' predictions after a “Breakthrough” 2021, (2022, May 3), https://time.com/nextadvisor/investing/cryptocurrency/future-of-cryptocurrency/

2021 Dapp industry report. (2022, April 1), https://dappradar.com/blog/2021-dapp-industry-report

THE COLLINS WORD OF THE YEAR 2021 IS…, (2021), https://www.collinsdictionary.com/woty#:~:text='NFT'%2C%20the%20abbreviation%20of,Word%20of%20the%20...

How “Buy Now, Pay Later” Redefined Financial Inclusion

Analysis: Buy now pay later business model faces test as rates rise. (2022, June 10). Reuters. https://www.reuters.com/technology/buy-now-pay-later-business-model-faces-test-rates-rise-2022-06-10...


Leveraging Technology to Make an Impact through Financial Inclusion

Egypt population (2022). (n.d.). Worldometer - real time world statistics. https://www.worldometers.info/world-population/egypt-population/#:~:text=The%20median%20age%20in%20E...


How New York City is Nurturing a New Generation of Financial Innovation

Why top investors are betting on New York as a fintech capital, (2021, December 6), https://www.crainsnewyork.com/technology/new-york-city-ripe-reign-capital-fintech

Representing New York City’s technology industry, (2022, July 18), https://indicators.technyc.org/

FinTech innovation lab, (2022, April 4), https://www.fintechinnovationlab.com/

New York fed launches the New York innovation center to support financial technology innovation in central banking. (n.d.), https://www.newyorkfed.org/newsevents/news/aboutthefed/2021/20211129

Davis, D. (2022, July 26), Fintech guava raises $2.4M to provide banking services to Black small-business owners, https://techcrunch.com/2022/07/26/fintech-guava-raises-2-4m-to-provide-banking-services-to-black-small-business-owners/

Crook, J. (2021, December 2), Goalsetter raises $15 million to go B2B with children's financial literacy app, https://techcrunch.com/2021/12/01/goalsetter-raises-15-million-to-go-b2b-with-childrens-financial-literacy-app/


Bloomberg. (n.d.), https://www.bloomberg.com/news/articles/2022-02-01/new-york-leads-crypto-vc-funding-race-over-silicon-valley

Ecosystem Pages
Silicon Valley

Stephen Shankland. (2022, February 15). In Silicon Valley, Big Tech Gets Bigger but Leaves Many Families Behind, https://www.cnet.com/news/in-silicon-valley-big-tech-gets-bigger-but-leaves-many-behind/

Eric J. Savitz. (2022, January 12). Venture capital funding doubles in 2021, smashing records, https://www.barrons.com/articles/venture-capital-funding-doubles-in-2021-smashing-records-5164193677...

Techspo Silicon Valley 2022 ·| Technology Expo (June 2 - 3, 2022) | (Internet ~ Mobile ~ AdTech ~ MarTech ~ SaaS). (2014, September 22), https://techsposv.com/

The Silicon Valley Startup Guide, https://www.rocketspace.com/the-silicon-valley-startup-guide-download

Founders Summit 2022, https://siliconvalley.um.dk/events/founders-summit-2022

Elio Assuncao. Silicon Valley 2022 Q3 venture capital world summit, https://vcworldsummit.com/silicon-valley-2022-q3/

Sarah K. White. (2021, January 5). 20 worthwhile conferences for women in tech, https://www.cio.com/article/217732/conferences-for-women-in-tech.html

TiE Silicon Valley celebrates 30th anniversary, announces TiEcon 2022, world's largest entrepreneurship conference. (2022, March 23), https://www.prnewswire.com/news-releases/tie-silicon-valley-celebrates-30th-anniversary-announces-ti...

Course Hero, https://www.crunchbase.com/organization/coursehero/company_financials

Cyara, https://www.crunchbase.com/organization/cyara/company_financials

Aptos, https://www.crunchbase.com/organization/aptos-96b4/company_financials
AI accelerator summit, https://aiacceleratorsummit.com/location/siliconvalley

AI & Big Data Expo | North America (2021, April 13), https://www.ai-expo.net/northamerica/

SambaNova Systems nabs $676M Series D. (2021, April), https://startuparound.com/read/1618334408.270656/SambaNova-Systems-Nabs-$676M-Series-D

SambaNova Systems nabs $676M Series D. (2021, April 13), https://vcnewsdaily.com/sambanova-systems/venture-capital-funding/qcnrgbbqxy

SambaNova Systems Raises $676M in Series D, Surpasses $5B Valuation and Becomes World’s Best-Funded AI Startup. (2021, April 13), https://www.vcaonline.com/news/news.asp?ID=2021041301#.YKfx_qgzZPY

Uniphore, https://www.crunchbase.com/organization/uniphore/company_financials

Connie Loizos. (2022, March 15). Startup banking service Mercury jumps into debt lending to take on Silicon Valley bank, https://techcrunch.com/2022/03/15/startup-banking-service-mercury-jumps-into-debt-lending-to-take-on...

Ascend, https://www.crunchbase.com/organization/ascend-276c/company_financials

FalconX, https://www.crunchbase.com/organization/falconx/company_financials

Heather McKenzie. (2022, January 6). Top life sciences startups to watch in 2022, https://www.biospace.com/article/top-life-sciences-startups-to-watch-in-2022/

Graphite Bio | Home, https://graphitebio.com/

Jennifer Martin. (2021, July 28). Why do entrepreneurs go to Silicon Valley?, https://usv.edu/blog/why-do-entrepreneurs-go-to-silicon-valley/

New York City

Maya Kosoff. (2021, December 27). Here’s how much VC funding New York startups raised this year | The Org, https://theorg.com/iterate/heres-how-much-vc-funding-new-york-startups-raised-2021

Sophia Kunthara. (2022, February 23). NYC notches a banner year for venture funding as Big

Apple's startup scene ripens, https://news.crunchbase.com/news/nyc-startup-venture-funding/

Oscar Health Inc., https://my.pitchbook.com/profile/58034-35/company/profile#general-info

Joanna Glasner. (2021, September 3). New York sees startup funding spike in 2021, https://news.crunchbase.com/news/new-york-sees-startup-funding-spike-in-2021/

Ellen Glover. (2021, November 30). The top 5 NYC tech sectors to watch in 2022, https://www.builtinnyc.com/2021/11/30/nyc-tech-sectors-to-watch-2022

Ramp, https://www.crunchbase.com/organization/ramp-financial/investor_financials

Jacob Kaye. (2022, February 10). Tech industry group kicks off in queens — Queens daily eagle, https://queenseagle.com/all/2022/2/10/tech-industry-group-kicks-off-in-queens

Mission of queens tech council | Queens tech council mission — Queens tech council, https://www.queenstechcouncil.com/mission

Tech year NYC. (2022, May 9), https://avc.com/2022/05/tech-year/

The AI Summit New York | Home. (2022, February 10), https://newyork.theaisummit.com/

Deanna Paul. (2021, July 8). WSJ news exclusive | New York City opens cyberattack defense center, https://www.wsj.com/articles/new-york-city-opens-cyberattack-defense-center-11625778530

New York City Life Sciences Report YE 2021. (2022, March 3), https://www.cbre.com/en/insights/reports/new-york-city-life-sciences-report-ye-2021

A Recovery for All of Us: New York City Invests $1 Billion in Life Sciences. (2021, June 9), https://www1.nyc.gov/office-of-the-mayor/news/414-21/recovery-all-us-new-york-city-invests-1-billion...

New York City Life Sciences Report YE 2021. (2022, March 3). A Recovery for All of Us: New York City Invests $1 Billion in Life Sciences, https://www1.nyc.gov/office-of-the-mayor/news/414-21/recovery-all-us-new-york-city-invests-1-billion...

Mayor Adams to receive first paycheck in cryptocurrency. (2022, January 20), https://www1.nyc.gov/office-of-the-mayor/news/041-22/mayor-adams-receive-first-paycheck-cryptocurren...

Blockchain startups in New York City. (2020, April 14), https://tracxn.com/explore/Blockchain-Startups-in-New-York-City

Akayla Gardner. (n.d.). New York City Leads Crypto-VC Funding Race Over Silicon Valley, https://www.bloomberg.com/news/articles/2022-02-01/new-york-leads-crypto-vc-funding-race-over-silico...

Penny Laughlin. (2022, January 26). NYC business quick start serves small businesses, https://metropolisny.com/2022/01/nyc-business-quick-start-serves-small-businesses/

Adam Uzialko. (2019, May 28). Running a business in New York? What you need to know - businessnewsdaily.com, https://www.businessnewsdaily.com/8775-doing-business-in-new-york.html

U.S. Census Bureau QuickFacts: New York City, New York, https://www.census.gov/quickfacts/newyorkcitynewyork

NYC | Language access, https://www1.nyc.gov/site/planning/about/language-access.page
National Center for Education Statistics | Home, https://nces.ed.gov/

START-UP NY offers major incentives for new biz. (2013, October 24), https://dumbo.is/blogging/start-up-ny-offers-major-incentives-for-new-biz

START-UP NY program | Empire State development. (2021, February 10), https://esd.ny.gov/startup-ny-program#:~:text=START%2DUP%20NY%20offers%20new,and%20experts%20in%20ke...

London

London tech set to reach new heights in 2022 following record year for VC investment. (2022, January 13), https://media.londonandpartners.com/news/london-tech-set-to-reach-new-heights-in-2022-following-reco...

Balderton Capital launches £450M fund focused on early-stage European startups. (2021, November 17), https://www.uktech.news/news/london-vc-balderton-capital-launches-new-fund-20211117#:~:text=Balderto...

Passion Capital, https://www.crunchbase.com/organization/passion-capital/investor_financials

Robert Scammell. (2022, January 19). Autonomous car startup Wayve raises $200m in

Microsoft-backed round, https://www.uktech.news/news/https://www.cbinsights.com/research/wayve-series-b-funding/?utm_source=...

London tech week | Home, https://londontechweek.com/

Black girls in Tech Fest 2022, https://www.eventbrite.co.uk/e/black-girls-in-tech-fest-2022-tickets-244072536527?aff=ebdssbdestsear...

Tech Nation | About Us, https://technation.io/about-us/

London tech set to reach new heights in 2022 following record year for VC investment. (2022, January 13), https://media.londonandpartners.com/news/london-tech-set-to-reach-new-heights-in-2022-following-reco...

Barclays Accelerator, powered by Techstars, reaches $4bn market cap valuation | Growth | Barclays (2021, September 16), https://home.barclays/news/2021/09/The-Accelerator-was-a-game-changer-for-us/

Barclays Accelerator, https://rise.barclays/accelerator/barclays-accelerator/

Gina Clarke. (2021, October 1). How London became a global hub for Fintech, https://time.com/6102902/london-fintech/

Revolut, https://www.crunchbase.com/organization/revolut/company_financials

SaltPay, https://www.crunchbase.com/organization/saltpay/investor_financials

Celcius Network, https://www.crunchbase.com/organization/celsius-network/company_financials

Ollie A Williams. (2021, January 15). Silicon Valley Shifts To London In U.K. Tech Boom, https://www.forbes.com/sites/oliverwilliams1/2021/01/15/silicon-valley-shifts-to-london-in-uk-tech-b...

EdTech conference — EdTech conference in London UK Europe is the EdTech world forum 2022 as one of leading educational technology conference as EdTech events 2022 as elearning conference 2022, https://edtechconferences.london/

London EdTech Week | Home. (2022, April 26), https://londonedtechweek.com/

Unibuddy, https://www.crunchbase.com/organization/unibudy/company_financials

Multiverse, https://www.crunchbase.com/organization/whitehat/company_financials

Atom Learning, https://www.crunchbase.com/organization/atom-learning/company_financials

London maintains its crown as one of the world’s top startup hubs. (2021, September 22), https://media.londonandpartners.com/news/london-maintains-its-crown-as-one-of-the-worlds-top-startup...

Tech London | Resilience, https://tech.london/resilience
Scott Carey, Thomas Macaulay. (2019, April 25). How the UK government supports technology startups, https://www.computerworld.com/article/3557898/how-the-uk-government-supports-technology-startups.htm...

Nick Ismail. (2021, June 16). London & partners Q&A — driving economic growth and inclusion in the London startup ecosystem, https://www.growthbusiness.co.uk/london-partners-qa-driving-economic-growth-and-inclusion-in-the-lon...
Impact cohort, https://www.business.london/business-growth-programme/impact

Singapore

SEA will see 50M middle class consumers by 2022. Understanding Southeast Asia’s Emerging Middle Class, Bain & Company, 2019

Southeast Asia’s Internet sectors continue to see strong growth, hitting $100 billion in 2020, and are on track to cross $300 billion by 2025”. e-Conomy SEA 2020, Google, Temasek and Bain & Company, 2020

Headquarters | Economic Development Board (EDB) | Singapore. (2021, December 6), https://www.edb.gov.sg/en/our-industries/headquarters.html

Startup SG | Singapore: The Futuristic Nation Beyond 2021. (2022, January 25), https://www.startupsg.gov.sg/news/27944/singapore-the-futuristic-nation-beyond-2021

Tessa Oh. (2022, March 23). Alpina Holdings, Terrenus Energy win 6th solar tender from HDB, https://www.businesstimes.com.sg/companies-markets/alpina-holdings-terrenus-energy-win-6th-solar-ten... VFlowTech’s energy solution improves battery life by 85%, https://sbr.com.sg/energy-offshore/exclusive/how-vflowtechs-energy-solution-improves-battery-life-85

Shannon Williams. (2021, June 3). Red Dot Analytics to commercialise AI tech that dramatically improves data centre sustainability, https://datacenternews.asia/story/red-dot-analytics-to-commercialise-ai-tech-that-dramatically-impro...

Nisha Ramchandani. (2021, February 16). Budget 2021: Government to issue green bonds on certain public infrastructure projects, https://www.businesstimes.com.sg/government-economy/singapore-budget-2021/budget-2021-government-to-...

Cheryl Tan. (2022, February 19). Budget 2022: $35 billion in green bonds to be issued by 2030 to fund green public sector projects, https://www.straitstimes.com/singapore/budget-2022-35-billion-in-green-bonds-to-be-issued-by-2030-to...

AI Singapore (AISG) | About us, https://aisingapore.org/about-us/
Nathaniel Fetalvero. (2021, April 16). Deep Dive: How PatSnap joined the unicorn club, https://www.techinasia.com/deep-dive-patsnap-joined-unicorn-club

Cheryl Tan. (2021, December 20). Local biomedical companies raise record $820m from Jan to Sept this year, https://www.straitstimes.com/singapore/health/biomedical-companies-in-spore-raise-record-820m-from-j...

Digital Health Platform Doctor Anywhere Closes S$88 Million Series C Round to Deepen Southeast Asia Expansion. (2021, August 31), https://finance.yahoo.com/news/digital-health-platform-doctor-anywhere-020000386.html

New $60 million fund to support transformation and growth of local agri-food sector, https://www.sfa.gov.sg/docs/default-source/default-document-library/sfa-media-release---new-60-milli...

Next Gen Foods Pte Ltd., https://my.pitchbook.com/profile/439873-39/company/profile#contact-info

Ang Hwee Min. (2022, March 25). Dyson opens new global HQ at St James power station, to invest S$1.5 billion in Singapore operations over next 4 years, https://www.channelnewsasia.com/singapore/dyson-global-headquarters-hq-st-james-power-station-258572...

Tang See Kit. (2021, May 10). BioNTech to produce mRNA vaccines in Singapore, its new regional headquarters, https://www.channelnewsasia.com/business/biontech-vaccines-mrna-singapore-regional-headquarters-1354...

Choo Yun Ting. (2021, June 23). Chip giant GlobalFoundries to build new $5.4 billion plant in S'pore, add 1,000 high-value jobs, https://www.straitstimes.com/business/chips-giant-globalfoundries-to-increase-capacity-in-spore-add-...

Toronto-Waterloo

Lauren O'Neil. (2022, March 21). Toronto is now the third-largest tech hub in North America, https://www.blogto.com/tech/2022/03/toronto-third-largest-tech-hub-north-america/

Toronto, the quietly booming tech town. (2022, March 21), https://www.nytimes.com/2022/03/21/technology/toronto-tech-boom.html

Toronto ranked as North America’s fastest growing tech market. (2021, May 6), https://www.investontario.ca/spotlights/toronto-ranked-north-americas-fastest-growing-tech-market

Colin R. Singer. (2017, February 24). Toronto declared most diverse city in world (Audio, https://www.immigration.ca/toronto-declared-most-diverse-city-in-world-audio

University of Waterloo. (2021, November 20), https://www.timeshighereducation.com/world-university-rankings/university-waterloo

Isabelle Kirkwood. (2022, January 25). Toronto shattered venture funding records in 2021 as city grew accustomed to billion-dollar quarters, https://betakit.com/toronto-shattered-venture-funding-records-in-2021-as-city-grew-accustomed-to-bil...

Becky Robertson. (2021, October 26). Toronto was just ranked the top business city on earth for working women, https://www.blogto.com/city/2021/10/toronto-ranked-top-business-city-working-women/

Tamara Hardingham-Gill. (2021, September 17). Toronto ranked 2nd 'safest city' in the world for 2021: Report, https://www.ctvnews.ca/lifestyle/toronto-ranked-2nd-safest-city-in-the-world-for-2021-report-1.55897...

Brooke Houghton. (2021, December 20). Toronto just ranked in the top 10 best cities for remote workers in the world & here's why, https://www.narcity.com/toronto/toronto-just-ranked-in-the-top-10-best-cities-for-remote-workers-in-...

Kevin Crowley. ApplyBoard raises another CDN$375M, https://www.communitech.ca/technews/applyboard-raises-another-cdn375m.html

Deep Genomics, https://www.crunchbase.com/organization/deep-genomics/company_financials

Lauren O'Neil. (n.d.). ApplyBoard raises another CDN$375M, https://www.communitech.ca/technews/applyboard-raises-another-cdn375m.html

Fabian Dawson. (2022, February 14). Canada eyes 1.3 million immigrants to overcome labour pains, https://www.thestar.com/news/canada/2022/02/14/canada-eyes-13-million-immigrants-to-overcome-labour-...

Lauren O’Neil. A Toronto hospital was just ranked 4th best in the entire world. https://www.blogto.com/city/2022/03/toronto-hospital-ranked-4th-best-entire-world-2022/

Meaningful innovation: Mars impact report. (2022, March 24), https://www.marsdd.com/impact/

Beijing

Ma Si. (2022, February 23). Beijing 2022 promotes key tech on major stage, https://www.chinadaily.com.cn/a/202202/23/WS621583aca310cdd39bc884b4.html

China ramps up its support for startups in selected industries. (2022, February 8), https://www.businesstimes.com.sg/government-economy/china-ramps-up-its-support-for-startups-in-selec...

Kirana Aisyah. (2022, May 5). Robust development in China’s robotics industry, https://opengovasia.com/robust-development-in-chinas-robotics-industry/

A Major Science Facility in Huairou Science City in Beijing Opens for Reservation,
http://english.beijing.gov.cn/latest/news/202203/t20220308_2626028.html

ICNT 2022-Beijing, China(中国 北京), https://www.icnt.org/

Fenbi, https://www.crunchbase.com/organization/fenbi-wang/company_financials

Nreal, https://www.crunchbase.com/organization/nreal-ai/company_financials

ThreatBook, https://www.crunchbase.com/organization/threatbook/company_financials

Beijing. (2019, November 6), https://geip.sg/network/beijing/

CCAI 2022 | Beijing, https://www.ccai.net/

Ccai 2022, https://www.ccai.net/program.html

Xie Jun. (2022, February 15). Chinese tech company develops AI coach to help athlete win at
Beijing 2022, https://www.globaltimes.cn/page/202202/1252328.shtml

Terminus Technologies, https://www.crunchbase.com/organization/terminus-technologies-co/company_financials

Aibee, https://www.crunchbase.com/organization/alibee/company_financials

Global FinTech Hub Report 2021 Released, Beijing Ranked Top for Third Consecutive Year, http://english.beijing.gov.cn/investinginbeijing/Investmentnews/202110/t20211013_2511666.html#:~:tex...

China Fintech Research Conference, http://conference.fter50.org.cn/

FinTech world forum | FTWF Beijing, https://bj.fintechwf.com/

FinTech World Forum,
https://www.eventbrite.com/e/fintech-world-forum-tickets-268688714177?aff=erelexpmlt

Cobo, https://www.crunchbase.com/organization/cobo/company_financials

Beijing Huairou science city has initially formed a scientific and technological innovation ecology. (2021, May 22), https://www.tellerreport.com/business/2021-05-22-beijing-huairou-science-city-has-initially-formed-a...

Research fund for international scientists call for proposals FY 2022, https://bic.nsfc.gov.cn/Show.aspx?AI=1592

Los Angeles

Stephanie Horan. (2022, February 17). Best places for Black entrepreneurs - 2022 study - SmartAsset, https://smartasset.com/data-studies/best-places-for-black-entrepreneurs-2022

Harri Weber. (2022, January 7). Upfront Ventures secures $177 million for new continuation fund, https://dot.la/upfront-ventures-new-continuation-fund-2656248005.html

Wonder ventures launches $31 million fund focused exclusively on LA startups. (2022, April 21), https://dot.la/wonder-ventures-fund-la-startups-2656401946.html

Pat Maio. (2022, January 13). Jumpstart Nova will fund Black health care startups with a new $55 million fund, https://dot.la/jumpstart-health-2656392190/particle-2

Minnie Ingersoll. (2022, January 12). Crosslink partner Joe Guzel on Co-founding a new Fintech fund, Haven Ventures, https://dot.la/joe-guzel-starting-haven-ventures-2656378496.html

Haven Ventures, https://my.pitchbook.com/profile/490027-96/investor/profile

Harri Weber. (2022, April 7). Female-led Emmeline Ventures launches, backs crypto wallet startup, https://dot.la/emmeline-ventures-2657111315.html

Upfront Ventures, https://upfront.com/summit

Harri Weber. 2022, January 5). Upfront summit postponed to march over omicron fears, https://dot.la/upfront-summit-postponed-to-march-2656221992.html

Techspo Los Angeles 2022 | Technology Expo (July 11 - 12, 2022) | (Internet ~ Mobile ~ AdTech ~ MarTech ~ SaaS). (2014, September 22), https://techspola.com/

The Montgomery Summit 2022. (2014, September 22), https://www.montgomerysummit.com/wp-content/uploads/The-Montgomery-Summit-2022-Fact-Sheet.pdf

The Montgomery summit. (2021, November 8), https://marchcp.com/montgomery-summit/

Los Angeles County Economic Development Corporation (LAEDC) | Research and Development, https://laedc.org/wtc/chooselacounty/research-development/

ACELYRIN, https://www.crunchbase.com/organization/acelyrin/company_financials

Appia bio launches with $52 million series a financing and establishes scientific advisory board. (2021, May 11), https://www.biospace.com/article/releases/appia-bio-launches-with-52-million-series-a-financing-and-...

Annlee Ellingson. (2021, October 6). Video games drive demand for real estate in Los Angeles, https://www.bizjournals.com/losangeles/news/2021/10/06/video-games-drive-real-estate-los-angeles.htm...

Christian Hetrick. (2022, April 12). Genies raises $150 million to make avatars for the
Metaverse, https://dot.la/genies-avatar-raise-silver-lake-2657143980.html

Mythical Games, https://www.crunchbase.com/organization/mythical-games/company_financials

Sarah Pilla. (2022, January 12). Program prioritizes diversity in climate startups, https://spectrumnews1.com/ca/la-west/environment/2022/01/12/los-angeles-cleantech-incubator-prioriti...

LOS ANGELES CLEANTECH INCUBATOR REQUEST FOR PROPOSALS. (2022, January 12), https://laincubator.org/wp-content/uploads/April-2022-EIR-RFP-final.pdf

Nat Rubio-Licht. (2021, November 15). LA’s Greentech industry is growing, https://labusinessjournal.com/02-weekly/la-greentech-industry-growing/

Los Angeles cleantech incubator expands free zero-emissions shuttle service in Leimert Park. (2022, March 14), https://laincubator.org/leimert-park-ev-pilot-extended/

28 small business ideas for Los Angeles, California in 2021. (2021, January 1), https://www.startupguys.net/25-low-cost-business-ideas-for-los-angeles-ca-usa/

Boston

Delilah Alvarado. (2022, January 4). These 10 Boston tech companies raised a combined $7B+ in 2021, https://www.builtinboston.com/2022/01/04/biggest-boston-tech-fundings-2021

Raphael Santos. Top 10 US states that received most of 2021's venture capital funding, https://www.airswift.com/blog/top-us-states-vc-backed-2021

MassChallenge | About, https://masschallenge.org/about

TiE ScaleUp | Home, https://www.tiescaleup.org/

Rachael Green. (2021, October 27). Boston named world's top biotech hub as the city's leading biotech companies continue to make major breakthroughs, https://finance.yahoo.com/news/boston-named-worlds-top-biotech-122424885.html

Rowan Walrath. (2021, December 29). These were the top 10 VC deals in Mass. biotech in 2021, https://www.bizjournals.com/boston/news/2021/12/29/top-10-venture-capital-deals-boston-biotech-2021....

Founder institute, NASA Ames and MassRobotics partner to launch AI and robotics accelerator in Boston, http://www.spaceref.com/news/viewpr.html?pid=57748

Activ Surgical, https://www.crunchbase.com/organization/omniboros/company_financials

Realtime robotics, https://www.crunchbase.com/organization/realtime-robotics-inc

2021 Scoring Tech Talent. (2021, July 14), https://www.cbre.com/en/insights/reports/scoring-tech-talent-in-north-america-2021

Paris

Young Enterprise Initiative (YEi) | Why France, https://www.yeifrance.com/why-france.html

Regis Leleu. (2021, August 2). Why investing in France tops the agenda for foreign businesses https://www.intertrustgroup.com/insights/why-investing-in-france-tops-the-agenda-for-foreign-busines...

Moritz Zimmermann. (2021, June 16). Digital SME joins president Macron in Paris to launch scale-up Europe, https://www.digitalsme.eu/digital-sme-joins-president-macron-in-paris-to-launch-scale-up-europe/

Romain Dillet. (2021, October 21). Station F adds an online program to educate the next generation of entrepreneurs — TechCrunch, https://techcrunch.com/2021/10/21/station-f-adds-an-online-program-to-educate-the-next-generation-of...

Ankorstore, https://www.crunchbase.com/organization/ankorstore/company_financials

Marie Mawad, Adam Green. (2021, February 18). France’s deeptech opportunity, https://sifted.eu/articles/france-deeptech-opportunity/

Shanghai

Joe O’Halloran. (2022, January 24). Shanghai rated world’s number-one smart city for 2022, https://www.computerweekly.com/news/252512366/Shanghai-rated-worlds-number-one-smart-city-for-2022

Mercedes-Benz opens new R&D centre in Shanghai. (2022, March 18), https://www.reuters.com/business/autos-transportation/mercedes-benz-opens-new-rd-centre-shanghai-202...

SMIC to invest $8.87 billion for new chip plant in Shanghai. (2021, September 3), https://gadgets360.com/mobiles/news/smic-chip-manufacturing-plant-factory-new-shanghai-to-invest-usd...

Elio Assuncao. Shanghai 2023 Venture Capital World Summit, https://vcworldsummit.com/shanghai-2023/

MWC Shanghai | Home. (2022, April 28), https://www.mwcshanghai.com/

ICIT 2022 | Shanghai | 23rd IEEE International Conference on industrial technology, https://2022.ieee-icit.org/

Overview, http://www.aabi.info/overview.html

2021 AABI summit and awards ceremony was successfully held!, http://www.aabi.info/news/1061.html

Zongmu, https://www.crunchbase.com/organization/zongmu/company_financials

Pateo, https://www.crunchbase.com/organization/pateo-group/company_financials

Mooe Robot, https://www.crunchbase.com/organization/mooe-robot/company_financials

Shanghai marches ahead with further development of esports industry. (2022, January 23), https://www.globaltimes.cn/page/202201/1246698.shtml

Intel World Open Beijing playoff announced. (2022, January 17), https://hawk.live/posts/intel-world-open-beijing-playoff-announced

Aaron Orr. (2021, July 30). Riot games set to open new studio in China, https://www.pocketgamer.biz/asia/news/76966/riot-games-set-to-open-new-studio-in-china/

ByteDance acquires gaming studio Moonton at around $4 billion valuation: Sources. (2021, March 22), https://www.reuters.com/article/us-bytedance-videogames-mooton-idUSKBN2BE0ES

J.P. Morgan hosts global healthcare conference, Shanghai forum. (2021, Octover 11), https://www.jpmorganchina.com.cn/en/news/jp-morgan-hosts-global-healthcare-conference-shanghai-forum

Li Yan. (2022, November 02). China's financial hub sees biopharmaceuticals ride boom in new medications, http://www.ecns.cn/m/business/2022-02-11/detail-ihavnavn5799650.shtml

Shanghai FTZ bio-tech park recognized for start-up incubation. (2021, December 6), http://en.china-shftz.gov.cn/2021-12/06/c_688148.htm

Igenesis, https://www.crunchbase.com/organization/igenesis/company_financials

WorldSkills Shanghai 2022, https://worldskills2022.com/en/hosts/shanghai_1/#1

China unveils massive tax incentives and subsidies to spur foreign investment. (2022, March 21), https://www.mondaq.com/china/sales-taxes-vat-gst/1173938/china-unveils-massive-tax-incentives-and-su...

Sydney

Nick Bonyhady. (2022, February 28). $10 billion flows to Australian start-UPS in banner year, https://www.smh.com.au/technology/10-billion-flows-to-australian-start-ups-in-banner-year-20220228-p...

Iris Energy Pty Ltd., https://my.pitchbook.com/profile/462279-70/company/profile#general-info

Harrison-AI Pty Ltd., https://my.pitchbook.com/profile/343679-14/company/profile#general-info

Employment Hero Pty. Ltd., https://my.pitchbook.com/profile/101505-16/company/profile#general-info

Catherine Shu. (2021, June 15). Early-stage venture firm the fund launches in Australia, https://techcrunch.com/2021/06/15/early-stage-venture-firm-the-fund-launches-in-australia/

Network Readiness Index 2021 Australia, https://networkreadinessindex.org/wp-content/uploads/reports/australia.pdf

Clovis Freire, Bob Bell, Daisuke Maruichi and Laura Cyron. Technology and Innovation

Report 2021 | unctad.org, https://unctad.org/system/files/official-document/tir2020_en.pdf

Özgür Töre. (2021, February 17). Sydney Wins to Host A Tech Event in 2023, https://ftnnews.com/mice/41245-sydney-wins-to-host-a-tech-event-in-2023

FinTech Startups in Sydney. (2022, April 9), https://tracxn.com/explore/FinTech-Startups-in-Sydney

Sydney as a global fintech hub showcased at world fintech festival 2021. (2021, November 9), https://www.investment.nsw.gov.au/resources/media-releases/sydney-as-a-global-fintech-hub-showcased-...

Edmund Tang. (2021, August 16). Global Fintech rankings 2021: Australia now ranks 6th in the world, https://www.austrade.gov.au/news/economic-analysis/global-fintech-rankings-2021-australia-now-ranks-...

Daniel Teper, Grant Wardell-Johnson, Stuart Fuller. (2022, January 28). KPMG recommendations for a vibrant Financial and Regulatory Tech sector, https://home.kpmg/au/en/home/insights/2021/01/fintech-regtech-kpmg-submission-to-senate-select-commi...

Stephen Withers. (2021, July 6). Airwallex plans Sydney engineering hub, https://itwire.com/strategy/airwallex-plans-sydney-engineering-hub.html

Jobs Plus Program | NSW Government. (2022, April 12), https://www.nsw.gov.au/projects/jobs-plus-program#about-the-program

Sydney facts. (2019, July 5) | NSW Government, https://invest.nsw.gov.au/why-nsw/sydney-facts

Talented workforce | NSW Government. (2019, July 5), https://invest.nsw.gov.au/why-nsw/talented-workforce

Affordable rentals set to increase in Sydney. (2022, May 24), https://www.nsw.gov.au/news/affordable-rentals-set-to-increase-sydney

Chicago

Will the "Golden age" of tech investment last? Three venture capitalists dive in during a conversation moderated by the Polsky center's Steve Kaplan. (2021, October 22), https://polsky.uchicago.edu/2021/10/22/will-the-golden-age-of-tech-investment-last-three-venture-cap...

Jim Dallke. (2022, January 14). Chicago startups raised a record $7 billion in 2021, https://www.bizjournals.com/chicago/inno/stories/inno-insights/2022/01/14/chicago-tech-companies-rai...

Pete Wilkins. (2021, December 16). Why Chicago Became A Top 3 Start-Up City In 2021, https://www.forbes.com/sites/peterandrewwilkins/2021/12/16/why-chicago-became-a-top-3-start-up-city-...

Query Builder, https://www.crunchbase.com/search/funding_rounds/field/organizations/last_funding_type/shipbob

Query Builder, https://www.crunchbase.com/search/funding_rounds/field/organizations/last_funding_type/g2-crowd

ActiveCampaign, https://www.crunchbase.com/organization/activecampaign/company_financials

The Chicago model: Building a global innovation powerhouse in America’s heartland. (2021, December 9), https://techcrunch.com/sponsor/wbc/the-chicago-model-building-a-global-innovation-powerhouse-in-amer...

LongJump | Home, https://longjump.vc/

Elio Assuncao. Chicago 2022 venture capital world summit, https://vcworldsummit.com/chicago-2022-q2/

CCC Information Services, https://www.crunchbase.com/organization/ccc-information-services

Rick Whiting. (2021, January 25). Big data analytics startup Ocient raises $40M in early-round funding, https://www.crn.com/news/applications-os/big-data-analytics-startup-ocient-raises-40m-in-early-round...
David Roeder. (2021, December 26). Tech economy comes up big despite Chicago’s trials, https://chicago.suntimes.com/2021/12/27/22847092/chicago-tech-economy-big-year-2021-technology-busin...

P33 | Home, https://p33chicago.com/

São Paulo

Number of startups in Brazil by city 2021. (2021, November 10), https://www.statista.com/statistics/802685/geographical-distribution-start-ups-city-brazil/

Sao Paulo - The new home for top startups of Brazil. (2022, March 30), https://blog.wurkr.io/blog/sao-paulo-the-new-home-for-top-startups-of-brazil

Monica Hernandez. (2020, December 1). How the Brazilian startup ecosystem is driving innovation in the space industry, https://hackernoon.com/how-the-brazilian-startup-ecosystem-is-driving-innovation-in-the-space-indust...

Why expand your business to Sao Paulo, Brazil?. (2020, July 16), https://www.bizlatinhub.com/why-expand-your-business-to-sao-paulo-brazil/

Mary Ann Azevedo. (2021, May 24). The LatAm funding boom continues as Kaszek raises $1B across a duo of funds — TechCrunch, https://techcrunch.com/2021/05/24/the-latam-funding-boom-continues-as-kaszek-raises-1b-across-a-duo-...

Mary Ann Azevedo. (2021, April 27). Brazil’s positive ventures closes on $10M fund for impact investing — TechCrunch, https://techcrunch.com/2021/04/27/brazils-positive-ventures-closes-on-10m-fund-for-impact-investing/

Neon, https://my.pitchbook.com/profile/170920-90/company/profile#general-info

QuintoAndar, https://my.pitchbook.com/profile/58423-24/company/profile#general-info

Loft, https://my.pitchbook.com/profile/234177-04/company/profile#general-info

Yuca, https://my.pitchbook.com/profile/432452-17/company/profile#general-info

Yuri Vasconcelos. (2020, January), The rise of agtechs, https://revistapesquisa.fapesp.br/en/the-rise-of-agtechs/

Sao Paulo is catching the eye of investors and entrepreneurs. (2019, October 8), https://www.en.investe.sp.gov.br/news/post/sao-paulo-is-catching-the-eye-of-investors-and-entreprene...

Agrolend, https://my.pitchbook.com/profile/462007-27/company/profile#general-info

Yashini Sagoenie, Petra Smits, Ernst-Jan Bakker. Fintech in Brazil. (2019, February), https://www.rvo.nl/sites/default/files/2019/03/Fintech%20in%20Brazil.pdf

Kameron Tyte, Sharmaine Escalaw. Latin America Entry Points, https://latamstartups.org/wp-content/uploads/2021/11/LatAm-Startups-Brazil-2021-White-Paper.pdf

Seattle

Flyhomes, https://www.crunchbase.com/organization/flyhomes/company_financials

Zenoti, https://www.crunchbase.com/organization/zenoti/company_financials

Rec Room, https://www.crunchbase.com/organization/against-gravity/company_financials

John Cook. (2022, January 14). The 2021 venture capital numbers are simply mind-boggling:
Record investments recorded in Washington State, https://www.geekwire.com/2022/the-2021-venture-capital-numbers-are-simply-mind-boggling-record-inves...

Program - Global innovation exchange-tsinghua international education, https://goglobal.tsinghua.edu.cn/en/news/program.en/J7K6CCDVe

Foster School of Business | Startup resources. (2021, November 18), https://foster.uw.edu/centers/buerk-ctr-entrepreneurship/start-up-resources/

Natasha Mascarenhas. (2020, October 19). Ready set raise, an accelerator for women built by women, announces third class, https://techcrunch.com/2020/10/19/ready-set-raise-an-accelerator-for-women-third-class/

Seattle Angel Conference (SAC) 20 | Overview, https://www.seattleangelconference.com/conferences/sac-20/sac-20-overview

Charlotte Schubert. (2022, February 21). Seattle angel conference launches new health startup competition to help educate angel investors, https://www.geekwire.com/2022/seattle-angel-conference-launches-new-health-startup-competition-to-he...

New Tech Northwest | Events, https://www.newtechnorthwest.com/resource-guide/events/

Seattle startups ecosystem 2019 | Tech companies in Seattle,Seattle tech companies,Built in Seattle | HunterTech. (2019, May 19), http://huntertechglobal.com/2019/05/19/5-things-know-seattle-startup-ecosystem-2019-tech-companies-i...

The W Fund | About, https://www.thewfund.com/about/

Outreach, https://www.crunchbase.com/organization/outreach/company_financials

Highspot, https://www.crunchbase.com/organization/highspot-2/company_financials

Charlotte Schubert. (2021, October 20). Biotech boom: How life sciences emerged from ‘the doldrums’ in Seattle and Washington State, https://www.geekwire.com/2021/biotech-boom-life-sciences-emerged-doldrums-seattle-washington-state/

Julie Weed. (2021, October 12). As big tech grows in the pandemic, Seattle grows with it, https://www.nytimes.com/2021/10/12/business/seattle-real-estate-coronavirus.html

Stockholm

Klarna, https://www.crunchbase.com/organization/klarna/company_financials

Tink, https://my.pitchbook.com/profile/90916-12/company/profile#deal-history

Ingrid Lunden. (2021, May 25). Sinch, a Swedish customer engagement giant, raises $1.1B, SoftBank and Temasek participating, https://techcrunch.com/2021/05/25/sinch-a-swedish-customer-engagement-giant-raises-1-1b-softbank-and...

Spotify’s Nest Proves a Fertile Breeding Ground for Unicorns (2021, April 26), https://www.bloomberg.com/news/articles/2021-04-26/spotify-s-nest-proves-a-fertile-breeding-ground-f...

UNICEF establishes key global innovation center in Stockholm. (2021, September 27), https://www.unicef.org/innovation/press-releases/unicef-establishes-key-global-innovation-center-sto...

Stockholm innovation scholarship, https://www.visitstockholm.com/o/stockholm-innovation-scholarship/

Vinnova | We open the way for innovation that makes a difference, https://www.vinnova.se/en/our-activities/we-open-up-for-innovation/

Innovation in Sweden. (2021, November 3), https://sweden.se/work-business/business-in-sweden/a-country-of-innovation

Sthlm Fintech Week | About, https://sthlmfintechweek.com/about-us/

Kista Science City), https://kista.com/english/

Cleantech in Stockholm, https://www.investstockholm.com/investment_opportunities/cleantech/

Cleantech innovation in Stockholm. (2012, April 28), https://neweuropeaneconomy.com/fdi/cleantech-innovation-in-stockholm/

Anna Ringstrom, Supantha Mukherjee. (2021, June 9). Sweden's Northvolt raises $2.8 bln to supercharge EV battery output, https://www.reuters.com/business/energy/battery-maker-northvolt-raises-275-bln-expand-factory-2021-0...

Life Science, https://www.business-sweden.com/markets/sweden/life-science/

LIFE SCIENCE INCUBATION, https://www.sisp.se/start/life-science-inkubation

The Sciety syndicate invests MSEK 31 in Capitainer. (2022, January 18), https://sciety.com/the-sciety-syndicate-invests-msek-31-in-capitainer/

Innocent Mugenga. (2021, December 20). Why Stockholm is a great city for entrepreneurs, https://www.visitstockholm.com/live-work/start-business/why-stockholm-is-a-great-city-for-entreprene...

Why So Many Businesses Relocate to Sweden. (2021, January 04), https://www.europeanbusinessreview.com/why-so-many-businesses-relocate-to-sweden/


Tel-Aviv

Eden Baniel. (2022, January 5). The Tel-Aviv tech hub: A home to innovation and scalability, https://youappi.com/the-tel-aviv-tech-hub-a-home-to-innovation-and-scalability-youappi/

Invest In Israel | Investment incentives, https://investinisrael.gov.il/BusinessInIsrael/Pages/Investment_incentives.aspx

Deloitte Israel | The Israeli Technological Eco-System. (2020, January 1), https://www2.deloitte.com/il/en/pages/innovation/article/the_israeli_technological_eco-system.html

Ricky Ben-David. (2022, January 27). Israel launches $70m program to promote tech entrepreneurship in Arab community, https://www.timesofisrael.com/israel-launches-70m-program-to-promote-tech-entrepreneurship-in-arab-c...

Ciaran Bruder. (2022, January 21). Inside what makes Tel-Aviv’s amazing startup ecosystem tick, https://websummit.com/blog/tel-aviv-startup-ecosystem-city-guide-accelerator-funding-vc
11 Israeli companies make list of top 100 AI startups redefining industries. (2021, April 11), https://nocamels.com/2021/04/11-israeli-companies-top-100-ai-startups/

Amitai Ziv. (2021, April 12). Israel is lagging on AI. It will now invest billions to bridge the gap, https://www.haaretz.com/israel-news/tech-news/.premium-the-ai-nation-israel-to-appoint-artificial-in...

Zencity raises $30m to help governments better tune in to citizen needs (2021, June 29), https://www.smartcitiesworld.net/news/news/zencity-raises-30m-to-help-governments-better-tune-in-to-...

Ingrid Lunden. (2021, October 12). AI chipmaker Hailo raises $136M as it doubles down new opportunities for AI modules in edge devices — TechCrunch, https://techcrunch.com/2021/10/12/hailo-raises-136m-ai-chips/

Yonit Wiseman. (2022, January 4). Israel’s cybersecurity startups post another record year in 2021 — TechCrunch, https://techcrunch.com/2022/01/04/israels-cybersecurity-startups-post-another-record-year-in-2021/

Ricky Ben-David. (2022, January 20). Israeli cybersecurity firms raised record $8.8b in 2021, exports reached $11b, https://www.timesofisrael.com/israel-cybersecurity-firms-raised-record-8-8b-in-2021-exports-reached-...

Bangalore-Karnataka

The Scalers | Bangalore. (2022, January 27), https://thescalers.com/bangalore/

Narayan launches BCIC’s startup incubation centre in Bengaluru. (2022, February 8), https://www.hindustantimes.com/india-news/narayan-launches-bcic-s-startup-incubation-centre-in-benga...

Maruti Suzuki announces winners of incubation program with IIM Bangalore. (2022, February 25), https://economictimes.indiatimes.com/industry/auto/auto-news/maruti-suzuki-announces-winners-of-incu...

C N Ashwath Narayan. (2022, January 28). Karnataka’s startup symphony is here to stay, https://www.deccanherald.com/opinion/panorama/karnataka-s-startup-symphony-is-here-to-stay-1075341.h...

Vedantu, https://www.crunchbase.com/organization/vedantu-innovations/company_financials

Vedantu Innovations Private Limited, https://my.pitchbook.com/profile/103391-02/company/profile#general-info

Ather Energy, https://www.crunchbase.com/organization/ather-energy

Swiggy, https://www.crunchbase.com/organization/swiggy/company_financials

Bengaluru Tech Summit 2022 | Home, https://www.bengalurutechsummit.com/

IIM Bangalore’s startup hub hosts an event empowering women entrepreneurs. (2022, March 12), https://www.thehindu.com/brandhub/iim-bangalores-startup-hub-hosts-an-event-empowering-women-entrepr...

Mahesh Kulkarni. (2021, July 9). Bengaluru among top 15 global cities in attracting VC funds in fintech sector, https://www.deccanherald.com/state/top-karnataka-stories/bengaluru-among-top-15-global-cities-in-att...

Karnataka sets up task group for fintech growth. (2021, November 18), https://timesofindia.indiatimes.com/city/bengaluru/karnataka-sets-up-task-group-for-fintech-growth/a...

Ayushman Baruah. (2021, November 23). Global startups tap Indian tech talent, https://www.livemint.com/companies/start-ups/global-startups-tap-indian-tech-talent-11637608785588.h...

Razorpay, https://www.crunchbase.com/organization/razorpay/company_financials

Bangalore Bioinnovation Centre (BBC) | Home, https://www.bioinnovationcentre.com/

Mfine | Novocura Tech Health Services Private Limited, https://my.pitchbook.com/profile/185366-17/company/profile#deal-history

Invest in Karnataka - Business opportunities in Karnataka | Invest India, https://www.investindia.gov.in/state/karnataka

Choose Karnataka | Invest Karnataka, https://www.investkarnataka.co.in/choose-karnataka/

Shilpa Phadnis. (2022, February 17). Bengaluru has quarter of India’s digital talent, https://timesofindia.indiatimes.com/city/bengaluru/bengaluru-has-quarter-of-indias-digital-talent/ar...

Aparajita Saxena. (2022, March 11). Is moving to Bangalore the new cool?, https://yourstory.com/2022/03/moving-to-bangalore-twitter-trend-offices-reopening-social-media/amp

Anusha Ravi Sood. (2022, February 3). Why Bengaluru isn’t losing any sleep over Delhi becoming India’s ‘startup capital’, https://theprint.in/economy/why-bengaluru-isnt-losing-any-sleep-over-delhi-becoming-indias-startup-c...

Niti Kiran. (2022, March 10). Delhi has more startups, but funds flow to Bangalore, https://www.livemint.com/companies/news/delhi-wears-the-startups-crown-but-bengaluru-still-dons-the-...

Karnataka govt announces seed funding of up to Rs 50 lakh to 200 startups. (2022, January 16), https://www.deccanherald.com/state/top-karnataka-stories/karnataka-govt-announces-seed-funding-of-up...

Amsterdam Delta

10 reasons startups love Amsterdam | StartupAmsterdam. (2022, May 3), https://www.iamsterdam.com/en/business/startupamsterdam/why-amsterdam/why-startups-love-amsterdam

Venture Capital and Tech in Amsterdam | dealroom.co
https://dealroom.co/uploaded/2021/04/Amsterdam-Funding-q121-1-1.pdf

ScaleNL, https://scalenl.com/

Otrium, https://www.crunchbase.com/organization/otrium-4/company_financials

Vishal Singh. (2021, October 27). 9 Amsterdam-based startups that raised more than €10M in Q3 2021 and are hiring right now, https://siliconcanals.com/news/startups/9-amsterdam-startups-that-raised-over-10m/

These 10 Amsterdam-based startups raised funding in Q1 2021 and are hiring like crazy right now. (2021, April 13), https://siliconcanals.com/news/startups/amsterdam-startups-hiring-now/

These 9 Amsterdam startups pivoted their business models during the COVID-19 pandemic and stayed successful. (2021, December 10), https://siliconcanals.com/news/startups/amsterdam-startups-pivoted/
Government of the Netherlands | Plan of action - supporting the transition to circular agriculture. (2019, November 30), https://www.government.nl/ministries/ministry-of-agriculture-nature-and-food-quality/documents/polic...

CropIn expands with a permanent address in Amsterdam (2021, May 04), https://www.cropin.com/news/cropin-expands-with-a-permanent-address-in-amsterdam/

Wageningen University & Research | Rankings, https://www.wur.nl/en/Education-Programmes/rankings.htm

Life sciences and health industry in Amsterdam. (2021, November 1), https://www.iamsterdam.com/en/business/key-sectors/life-sciences-and-health
LUMICKS, https://www.crunchbase.com/organization/lumicks/company_financials

Tokyo

Full text of Prime Minister Kishida's statement of belief. (2021, October 8), https://www.nikkei.com/article/DGXZQOUA0787N0X01C21A0000000/

Yuko Matsumoto. (2021, December 30). IPO, shortening from approval to listing to about 21 days Japan Securities Dealers Association policy, https://www.nikkei.com/article/DGXZQOUB293VX0Z21C21A2000000/

Investment-type CF issuance easing plan Financial Services Agency, up to less than 100 million yen alone. (2021, February 18), https://www.nikkei.com/article/DGXZQODF184300Y1A210C2000000/

Metropolitan Government Structural Reform Portal Site | Tokyo (2022, March 30), https://shintosei.metro.tokyo.lg.jp/post_cp5_220204/

J-startup, https://www.j-startup.go.jp/en/
Shoko Takahashi, Ken Ebihara, Yasufumi Fujii, Yukari takamura, Toshihiko Yamazaki. (2021, September 30). The University of Tokyo to establish a 60 billion yen fund for start-ups from universities, https://www.nikkei.com/article/DGXZQOUE284UZ0Y1A920C2000000/

Kiyotaka Fujioka. (2021, July 30). Key points of startup career change activities in 2021

Korona-ka, https://amater.as/article/2021/02/23/2021covid/

SmartHR raises 15.6 billion yen from US Sequoia etc. (2021, June 8), https://www.nikkei.com/article/DGXZQOUC087JC0Y1A600C2000000/

SmartNews, https://www.crunchbase.com/organization/smartnews-inc/company_financials

The 4th venture boom and three "environmental changes" that began with the listing of Mercari. (2019, December 4), https://diamond.jp/articles/-/222103?page=2

Space: Investing in the final frontier. (2020, July 24), https://www.morganstanley.com/ideas/investing-in-space

Future market forecast for the robot industry toward 2035, https://www.nedo.go.jp/content/100080673.pdf

Japan's robotics market sees boom amid pandemic. (2021, July 10), https://www.japantimes.co.jp/news/2021/07/10/business/tech/japan-robot-industry/

Ispace Technologies, https://www.crunchbase.com/organization/ispace-technologies-inc-

Spiber raises 34 billion yen, the largest emerging group. (2021, September 9), https://www.nikkei.com/article/DGKKZO75582660Y1A900C2TB2000/

Japan Fintech, https://www.trade.gov/market-intelligence/japan-fintech

Monthly Market Report vol.1 — November 2020. (2020, November 9), https://fincity.tokyo/wp-content/uploads/2020/11/1604888710-7041ae1e28863fe098eab163e812bf4f.pdf

Kyash, https://www.crunchbase.com/organization/kyash-inc/company_financials

FOLIO, https://www.crunchbase.com/organization/folio-8c62/company_financials

MONEY DESIGN, https://www.crunchbase.com/organization/money-design-co-ltd
Jonathan Smith. (2022, February 18). Belgian VC fund leads investment wave in Japanese
biotech, https://www.labiotech.eu/trends-news/newton-biocapital-vc-fund-japan/

BISU, https://www.crunchbase.com/organization/bisuhealth

ITR announces the results of "IT Investment Trend Survey 2022". (2021, November 11), https://www.itr.co.jp/company/press/211111PR.html

Overseas financial Corporation business establishment subsidy Program|Promotion of growth Strategies|Office of the governor for policy planning -Tokyo metropolitan government-, https://www.seisakukikaku.metro.tokyo.lg.jp/en/pgs/gfct/nurturing-players/establishment-subsidy.html

Business development center TOKYO | Support for companies in all sectors | Invest Tokyo, https://www.startup-support.metro.tokyo.lg.jp/for_foreign/bdc_tokyo/en/

Top page |Startup ecosystem Tokyo consortium, https://www.ecosystem.metro.tokyo.lg.jp/en/

Tax incentives | Supports for foreign companies | Invest Tokyo, https://www.investtokyo.metro.tokyo.lg.jp/en/for_foreign/tax_incentive/

Program to increase foreign entrepreneurs | Business development center TOKYO | Supports for foreign companies | Invest Tokyo, https://www.startup-support.metro.tokyo.lg.jp/for_foreign/bdc_tokyo/en/fhr/

Frankfurt

Standort Frankfurt am Main. (2021, March 24), https://frankfurt-business.net/standort-frankfurt/
IT/Telecommunications, https://www.frankfurt-tourismus.de/messe/en/Why-Frankfurt/Economic-Key-Industries/IT-Telecommunicati...

Why choose Frankfurt?, https://www.messefrankfurt.com/frankfurt/en/location/why-messe-frankfurt.html

Startup community. (2021, June 15), https://techquartier.com/startup-community/

hessian.AI | AISR, https://hessian.ai/tag/aisr/

Sophie Deistler. (2021, November 9). Clark buys the finance group, https://www.startbase.com/news/clark-kauft-die-finanzen-group/

Ishveena Singh. (2021, December 1). Japan-based drone fund invests in Wingcopter, https://dronedj.com/2021/12/01/wingcopter-drone-fund/

FinTech archive, https://frankfurt-main-finance.com/en/category/fintech-frankfurt-am-main/

Megha Paul. (2022, March 1). Climate fintech space on radar as CommerzVentures closes €300 million fund,
https://tech.eu/2022/03/01/climate-fintech-space-on-radar-as-commerzventures-closes-eur300-million-f...

National Research Center for Applied Cybersecurity | ATHENE, https://www.athene-center.de/
Frankfurt, a German pionner with a "100% renewable" roadmap. (2020, December 28), https://energy-cities.eu/best-practice/frankfurt/

Klaus Fichter, Yasmin Olteanu. (2020, December 28). Green Startup Monitor 2022, https://www.borderstep.de/wp-content/uploads/2022/03/GreenStartupMonitor2022.pdf

TechQuartier and StartHub Hessen, (2022, March 08)
Research & development, https://www.frm-united.com/location-factors/frankfurtrheinmain-as-a-business-location/research-and-d...

About the city, https://myguide.city/destination/frankfurt-am-main/nodes/frankfurt_am_main_city/node/about-the-city

Montreal

Isabelle Kirkwood. (2022, January 29). Venture funding for Montreal tech sector grew steadily in 2021, with $1.6 billion raised, https://betakit.com/venture-funding-for-montreal-tech-sector-grew-steadily-in-2021-with-1-6-billion-...

Startup Montréal, Centech, Montréal International, Ville de Montréal, (2022, March 31)
BDC Announces Strategic Partnership With Mila Providing Entrepreneurs Access To World-Class AI Resources. (2022, January 27), https://mila.quebec/en/bdc-announces-strategic-partnership-with-mila-providing-entrepreneurs-access-...

Aéro Montréal and the Québec Aerospace Industry at the Heart of a Sustainable Supply Chain. (2021, October 26), https://www.newswire.ca/news-releases/aero-montreal-and-the-quebec-aerospace-industry-at-the-heart-o...

Cycle Momentum and Innovacorp Partner to Accelerate Innovative Clean Technology Companies. (2021, November 23), https://innovacorp.ca/news/cycle-momentum-and-innovacorp-partner-accelerate-innovative-clean-technol...

Women Techmakers Montreal, https://www.wtmmontreal.com/

Joseph Czikk. (2021, September 17). Montreal General Hospital to launch new health tech incubator, http://www.montrealintechnology.com/montreal-general-new-health-tech-incubator/

Ventus Therapeutics U.S. Inc., https://my.pitchbook.com/profile/433460-80/company/profile#general-info

Artificial intelligence | Montreal, a global hub for AI. (2022, May 6), https://www.montrealinternational.com/en/keysectors/artificial-intelligence/

Why Artificial Intelligence Giants are Heading North to Montréal, https://www.montrealinternational.com/app/uploads/2019/02/ai_industry_profile_2021-2.pdf

International Centre of Expertise in Montreal on Artificial Intelligence | Home. (2022, April 6), https://ceimia.org/en/

Concordia Launches Applied AI Institute. (2022, March 22), https://indocanadaeducation.org/2022/03/22/concordia-launches-applied-ai-institute/

Hopper, https://www.crunchbase.com/organization/hopper/company_financials

Charlize Alcaraz. (2022, February 17). Mila partners with AI Sweden to bolster AI R&D in Canada and Sweden, https://betakit.com/mila-partners-with-ai-sweden-to-bolster-ai-rd-in-canada-and-sweden/

Montreal, North American leader in sustainable finance. (2021, October 12), https://www.montrealinternational.com/en/news/montreal-north-american-leader-in-sustainable-finance/

Sustainable Finance Summit 2022 Speakers, https://www.sommet-financedurable.com/en/conferenciers-2022

Fintech Cadence Announces Partnership with Fintel Connect. (2022, February 2), https://www.prnewswire.com/news-releases/fintech-cadence-announces-partnership-with-fintel-connect-3...

The Montreal FinTech station launches a unique acceleration program with Highline beta to drive technological innovation. (2021, March 23), https://www.stationfintech.com/en/read-news-and-publications/the-montreal-fintech-station-launches-a...

Station FinTech | FinTech accelerator, https://www.stationfintech.com/en/fintech-accelerator

Rebecca Szkutak. (2021, June 8). Diagram Ventures Raises CA$120 Million Opportunity Fund To Double-Down On Its Successful Studio Bets, https://www.forbes.com/sites/rebeccaszkutak/2021/06/08/diagram-ventures-raises-ca120-million-opportu...

Zapper, https://www.crunchbase.com/organization/defizap/company_financials

Shakepay, https://www.crunchbase.com/organization/shakepay/company_financials

Study in Montreal. (2015, December 1), https://www.topuniversities.com/university-rankings-articles/qs-best-student-cities/montreal

Montreal ranked #1 student city in North America. (2021, August 4), https://www.mcgill.ca/desautels/channels/news/montreal-ranked-1-student-city-north-america-332239#:~...

Josh Scott. (2022, February 14). Following Recent Merger, Startup Montreal Announces Program To Spur Late-Stage Growth, https://betakit.com/following-recent-merger-startup-montreal-announces-program-to-spur-late-stage-gr...

Vesna Poljicak. (2018, December 19). Montreal safest city among 20 major cities in Canada and the United States, https://www.montrealinternational.com/en/news/montreal-safest-city-among-20-major-cities-in-canada-a...)

Sheridan Cahoon. (2022, April 14). Cost of living in Montreal - Moving to Montreal in 2022, https://www.thebrokebackpacker.com/cost-of-living-in-montreal-canada/

Bo Lang. (2021, December 14). What is the quality of life in Montreal?, https://theflatbkny.com/canada/what-is-the-quality-of-life-in-montreal/

Quebec budget 2022–23: Highlights. (2022, March 22), https://www.ey.com/en_ca/tax/tax-alerts/2022/tax-alert-2022-no-16

Quebec unveils two 'innovation zones' east of Montreal, including Canada's first quantum computer. (2022, February 3), https://montreal.ctvnews.ca/quebec-unveils-two-innovation-zones-east-of-montreal-including-canada-s-...

Abu Dhabi

Sujata Sangwan. (2022, March 25). UAE-based Hub71 leads AED 1.5B investments for Abu Dhabi startups, https://yourstory.com/2022/03/mubadala-hub71-investments-abu-dhabi-tech-fintech-blockchain-cryptocur...

HUB71 joins forces with Hewlett Packard Enterprise to accelerate development of Abu Dhabi's Tech Startup Community. (2021, November 30), https://www.hub71.com/en/whats-happening/articles/press-releases/hub71-joins-forces-with-hewlett-pac...

ADIO accelerates opportunities in Abu Dhabi for startups through partnerships with Microsoft and Plug and Play. (2021, January 12), https://www.prnewswire.com/news-releases/adio-accelerates-opportunities-in-abu-dhabi-for-startups-th...

The United Arab Emirates' Government portal | Blockchain in the UAE government. (2021, November 11), https://u.ae/en/about-the-uae/digital-uae/blockchain-in-the-uae-government

Sandy Bhadare. (2021, May 26). UAE welcomes new blockchain platform, https://iclg.com/ibr/articles/16377-uae-welcomes-new-blockchain-platform

TruKKer Technologies DMCC, https://my.pitchbook.com/profile/175652-74/company/profile#deal-history

Richie Santosdiaz. (2022, February 4). Fintech, Digital and the UAE 2022 — Expo 2020 Dubai, https://thefintechtimes.com/fintech-digital-and-the-uae-2022-expo-2020-dubai/

Abu Dhabi’s fintech opportunity. (2021, February 2), https://www.arabianbusiness.com/comment/458149-abu-dhabis-fintech-opportunity

The Abu Dhabi Global Market | Financial Services Regulatory Authority, https://www.adgm.com/financial-services-regulatory-authority

The Abu Dhabi Global Market | The ADGM RegLab, https://www.adgm.com/setting-up/reglab/overview

How Abu Dhabi is enabling growth of its fintech space. (2021, August 31), https://www.arabianbusiness.com/industries/banking-finance/467815-how-abu-dhabi-is-enabling-growth-o...

Turner, J. (2022, January 24). AgTech in Abu Dhabi: Driving a new way forward for food security, https://www.investmentmonitor.ai/sectors/agribusiness/agtech-in-abu-dhabi-driving-a-new-way-forward-...

Pure Harvest Smart Farms, Ltd., https://my.pitchbook.com/profile/167642-02/company/profile#general-info

Sarah Williams. (2020, July 20). Abu Dhabi’s bid to create a complete ecosystem for start-UPS, https://citymonitor.ai/economy/investment/abu-dhabi-s-bid-create-complete-ecosystem-start-ups

The Abu Dhabi Global Market | Tech Startup | Overview, https://www.adgm.com/setting-up/tech-startup/overview#:~:text=Abu%20Dhabi%20is%20an%20ideal%20launch...

Manila

Foxmont Capital Partners, https://www.foxmontcapital.com/

Philippine fintech Mynt hits double-unicorn status after raising $300M. (2021, November 2)
https://www.dealstreetasia.com/stories/mynt-philippines-unicorn-267965

Voyager raises $210 million to become 2nd Philippine ‘unicorn’. (2022, April 12)
https://www.bworldonline.com/corporate/2022/04/12/441882/voyager-raises-210-million-to-become-2nd-ph...

E-commerce startup GrowSari raises $77.5 million in funding round. (2022, March 28)
https://www.bworldonline.com/economy/2022/03/28/438690/e-commerce-startup-growsari-raises-77-5-milli...

TechShake, https://www.techshake.asia/events

Fintech Philippines report 2022 highlights the rise of crypto and advent of Digibanks. (2022, January 17), https://fintechnews.ph/54791/fintechphilippines/fintech-philippines-report-2022-highlights-the-rise-...

Anri Ichimura. Filipino Startup PayMongo Launches Accelerator Program to Support MSMEs, https://www.esquiremag.ph/money/industry/paymongo-accelerator-progra-a00304-20210802

PDAX, https://www.crunchbase.com/organization/pixo-22df/company_financials

PayMongo, https://www.crunchbase.com/organization/paymongo/company_financials

DIGITAL 2021 GLOBAL OVERVIEW REPORT, https://www.esquiremag.ph/money/industry/paymongo-accelerator-progra-a00304-20210802

eCommerce Philippines 2022 Roadmap, https://ecommerce.dti.gov.ph/madali/images/eCommerce_Philippines_Roadmap_2022.pdf

Philippines, https://taxsummaries.pwc.com/philippines/corporate/tax-credits-and-incentives

Timothy Standen. (2022, March 30). The Philippines amends its foreign investment act, https://www.aseanbriefing.com/news/the-philippines-amends-its-foreign-investment-act/#:~:text=On%20M...

Doha

Qatar Development Bank, Qatar Venture Investment Report 2021

Abdul Ali. (2021, July 30). How Qatar is building world-class startup ecosystem?, https://www.qatarstalk.com/2021/07/30/how-qatar-is-building-world-class-startup-ecosystem/

Ithmar (Seed funding), https://tdv.motc.gov.qa/digital-entrepreneurship/Ithmar-%28Seed%20Funding%29

Product Development Fund (PDF). (2022, April 20), https://qstp.org.qa/product-development-fund/
Research to Startup Program. (2022, April 19), https://qstp.org.qa/research-to-startup/

Sachin Kumar. (2021, May 17). Qatar’s initiatives have potential to attract fintech firms, https://thepeninsulaqatar.com/article/17/05/2021/Qatar%E2%80%99s-initiatives-have-potential-to-attra...

Qatar, a new destination for FinTech in the region. (2021, October 11), https://thefintechtimes.com/qatar-a-new-destination-for-fintech-in-the-region/

Logistics role enabling Qatar’s MSME sector. (2021, August 24), https://gwclogistics.com/news/logistics-role-enabling-qatars-msme-sector

GWC announced as regional supporter and official logistics provider for FIFA World Cup Qatar 2022™. (2021, September 21), https://www.fifa.com/tournaments/mens/worldcup/qatar2022/media-releases/gwc-announced-as-regional-su...

ELV8 Program. (2021, October 25), https://qstp.org.qa/elv8/

Cairo

Egypt's startups raise $491m across 147 transactions hitting all-time-high volume of foreign investors. (2022, March 28), https://www.egypttoday.com/Article/3/114247/Egypt-s-startups-raise-491m-across-147-transactions-hitt...

Egypt’s new investment law: What to expect, https://thestartupscene.me/MenaEcosystems/Egypt-s-New-Investment-Law-What-To-Expec#:~:text=According....

Egypt wants VCs to invest here directly — and is looking at regulatory changes to make it possible. (2022, April 7), https://enterprise.press/stories/2022/04/07/egypt-wants-vcs-to-invest-here-directly-and-is-looking-a...

Silicon Valley-based plug and play to invest in Egypt’s startup ecosystem. (2021, September 23), https://enterprise.press/stories/2021/09/23/silicon-valley-based-plug-and-play-to-invest-in-egypts-s...

Tawanda Karombo. (2021, July 2). Egyptian start-UPS are Africa’s new venture capital darlings, https://qz.com/africa/2027988/egypt-attracts-startup-funding-after-banking-regulatory-changes/

Yassin Mohammad. (2022, February 20). Investments in Egyptian fintech companies grow by 300% in 2021, https://www.arabnews.com/node/2028431/business-economy

Egypt’s startup scene in 2021 (Part II): The year startup investment diversified. (2022, January 9), https://enterprise.press/whatsnexts/egypts-startup-scene-2021-part-ii-year-startup-investment-divers...

Thndr, https://my.pitchbook.com/profile/436302-37/company/profile#contact-info

Fintech law to expand customer base of non-banking activities: FRA. (2022, February 16), https://dailynewsegypt.com/2022/02/16/fintech-law-to-expand-customer-base-of-non-banking-activities-...

Wesam Osama. (2021, September 14). The Logivators incubator is open for all logistic startups in Egypt, https://startupswb.com/blog/2021/09/08/logivators-incubator-logistic-startups-egypt/

The Egyptian Startup Ecosystem Report 2021. (2021, September 14), https://mcit.gov.eg/Upcont/Documents/Reports%20and%20Documents_26102021000_Egyptian-Startup-Ecosyste...

Flextock, https://my.pitchbook.com/profile/458382-61/company/profile#general-info

Tage Kene-Okafor. (2022, March 31). All eyes are on Swvl as it starts trading on a SPAC combination — TechCrunch, https://techcrunch.com/2022/03/31/all-eyes-are-on-swvl-as-it-starts-trading-on-a-spac-combination/

Egypt - Market overview, https://www.trade.gov/country-commercial-guides/egypt-market-overview

How is Egypt extending its trade network?. (2021, February 15), https://oxfordbusinessgroup.com/overview/strategic-connections-egypt-continues-leverage-its-location...

Egypt population 2021 (Demographics, maps, graphs), https://worldpopulationreview.com/countries/egypt-population

Saifaddin Galal. (2021, March 30). Egypt: Total population by age group 2021, https://www.statista.com/statistics/1230371/total-population-of-egypt-by-age-group/

Bahrain

Noor Radhi, Fatima Al Ali, Saifuddin Mahmood and Hasan Alkoofi, Hassan Radhi & Associates. (2021, July 1). Doing Business in Bahrain: Overview, https://uk.practicallaw.thomsonreuters.com/9-500-6281?transitionType=Default&contextData=(sc.Def...

Bahrain tops GCC rankings as best place for expats to live | Economic Development Board (EDB) Bahrain. (2021, May 19), https://www.bahrainedb.com/latest-news/bahrain-tops-gcc-rankings-as-best-place-for-expats-to-live#:~...

Bahrain launches 'golden' permanent residency visas to lure talent. (2022, February 22), https://economictimes.indiatimes.com/nri/migrate/bahrain-launches-golden-permanent-residency-visas-t...

Ministry of Finance and National Economy | Bahrain Economic Report | Quarterly - Q4 2021. (2022, March), https://www.mofne.gov.bh/Files/cdoc/CI2036-BEQ%20Q4%202021%20[EN].pdf

Zahraa Hussain. (2022, March 17). Bahrain holds region’s first NFT MENA exhibition. (2022, March 17), https://www.bna.bh/en/news?cms=q8FmFJgiscL2fwIzON1%2BDgi4YsSbf2vydTxwwYh3umQ%3D

The BIBF Launches the First-Ever Educational Linked NFTs in the World. (2022, March 6), https://www.bibf.com/the-bibf-launches-the-first-ever-educational-linked-nfts-in-the-world/

Bahrain Institute of Banking and Finance | The BIBF Launches the First-Ever Educational Linked NFTs in the World. (2022, March 6), https://www.bibf.com/the-bibf-launches-the-first-ever-educational-linked-nfts-in-the-world/

Hope Ventures is set to launch its first series of entrepreneurial initiatives by September 2021. (2021, August 3), https://www.startupbahrain.com/news/hope-ventures-is-set-to-launch-its-first-series-of-entrepreneuri...

Hope Fund | Beban, https://hopefund.bh/beban/

Fareed Rahman. (2022, January 6). Bahrain’s Al Waha Fund of Funds to invest in Mubadala-backed FinTech fund, https://www.thenationalnews.com/business/start-ups/2022/01/06/bahrains-al-waha-fund-of-funds-to-inve...

Infinios | About us, https://infinios.com/about-us/#our-story

Tarabut Gateway W.L.L., https://my.pitchbook.com/profile/458485-57/company/profile#general-info

Binance wins cryptocurrency license in Bahrain. (2022, March 15), https://www.pymnts.com/cryptocurrency/2022/binance-wins-cryptocurrency-license-in-bahrain/

Bahraini startup allows sukuk ownership for $1,000 on a blockchain-based platform. (2021, September 13), https://www.arabnews.com/node/1927956/business-economy

Bahrain FinTech Bay partners with with blockchain specialist R3. (2021, April 13), https://thestartupscene.me/INVESTMENTS/Bahrain-FinTech-Bay-Partners-with-with-Blockchain-Specialist-...

https://www.crunchbase.com/organization/coinmena/company_financials

Economic Development Board (EDB) | Conducive business environment. (2022, February 20), https://www.bahrainedb.com/why-bahrain/conducive-business-environment

Tamkeen, (2022, March 21)

Tamkeen | Login, https://www.tamkeen.bh/tamkeen-announces-plan-to-train-1200-bahrainis-in-coding-and-other-emerging-t...

0% Corporate Tax Rate and Other Benefits to Doing Business in Bahrain. (2021, March 23), https://www.bahrainedb.com/bahrain-pulse/advantages-0-corporate-income-taxes

Denmark

Startup Aahrus | About, Retrieved from https://startupaarhus.com/about/

Sabine Müller. (2021, September 16). The Danish startup database, https://dealroom.co/blog/the-danish-startup-database#:~:text=In%202021%2C%20Denmark%20is%20home,1%2C...

Emiliano Bellini. (2020, September 4). Apple data center in Denmark powered by 50 MW of solar, https://www.pv-magazine.com/2020/09/04/apple-data-center-in-denmark-powered-by-50-mw-of-solar

Dan Swinhoe. (2021, December 13). Meta/Facebook to expand Odense data center campus in Denmark, https://www.datacenterdynamics.com/en/news/metafacebook-to-expand-odense-data-center-campus-in-denma...

Dixa, https://www.crunchbase.com/organization/dixa/company_financials

ViaBill, https://www.crunchbase.com/search/funding_rounds/field/organizations/funding_total/viabill

Laura Rodriguez Bernate. (2022, February 25). Danish Biotech: A rapid rise, https://dealroom.co/blog/danish-biotech-a-rapid-rise

BioInnovation Institute (BII) | About, https://bii.dk/about/

Blue Ocean Robotics, https://www.crunchbase.com/organization/blue-ocean-robotics/company_financials

4 Companies to Know in Denmark’s Booming Fintech Sector. (2021, January 8), https://fintechbaltic.com/3470/nordics/4-companies-to-know-in-denmarks-booming-fintech-sector/

Pleo, https://www.crunchbase.com/organization/pleo-company

Lunar, https://www.crunchbase.com/organization/lunar-bank/company_financials

Ministry of Foreign Affairs of Denmark | Launch Your Startup In Denmark, https://investindk.com/our-services/start-up-denmark

Fifth year in a row: AAU is Europe's best engineering university | Aalborg University (AAU). (2021, October 28), https://www.news.aau.dk/news/fifth-year-in-a-row--aau-is-europe-s-best-engineering-university.cid524...

Danish Tech Startups | The Association of Tech Startups in Denmark, https://www.techstartup.dk/

Budapest

Budapest — the ‘go-to’ city for entrepreneurs. (2021, August 8), https://www.eurostartentreprises.com/en/business-advice/budapest-the-go-to-city-for-entrepreneurs#:~...

Rebecca O'Keeffe. (2021, December 22). A Guide To Working In The Budapest Tech Scene, https://www.information-age.com/guide-to-working-in-budapest-tech-scene-123498245/

Julia Watts. (2021, May 19). The Top 10 European Cities For Start-ups To Launch In After Brexit, https://startups.co.uk/analysis/best-european-cities-for-startups/

Hungary | Start-up funding for young entrepreneurs, https://national-policies.eacea.ec.europa.eu/youthwiki/chapters/hungary/39-start-up-funding-for-youn...

Budapest's 13 best startup accelerators & incubators [2022]. (2022, January 20), https://www.starterstory.com/budapest-accelerators-incubators#8-ceu-ilab

Bitrise, https://www.crunchbase.com/organization/bitrise/company_financials

Continental Is Increasing The Role Of Its Hungarian R&D Team In The Value Chain. (2021, June 7), https://hipa.hu/continental-is-increasing-the-role-of-its-hungarian-r-d-team-in-the-value-chain

SambaNova systems set to propel OTP bank into the age of artificial intelligence. (2022, January 11), https://ffnews.com/newsarticle/sambanova-systems-set-to-propel-otp-bank-into-the-age-of-artificial-i...

Eszter Mrázik. (2021, April 8). ViroFighter: Hungarian Disinfection Robot Built To Combat The Coronavirus, https://dailynewshungary.com/virofighter-hungarian-disinfection-robot-built-to-combat-the-coronaviru...

Hungary's Fintech Sector Expanding Rapidly. (2021, May 27), https://bbj.hu/business/tech/fintech/hungarys-fintech-sector-expanding-rapidly

World FinTech festival in Budapest 2021, https://www.budapestfintechsummit.hu/

CFTE joins the Central Bank of Hungary for the world Fintech festival in Budapest at Singapore Fintech 2021. (2021, November 10), https://blog.cfte.education/cfte-joins-the-mnb-for-wff-in-budapest-with-sff-2021/

‪Lóránt Dénes. (2022, May 11). The price is right! What is the cost of living in Budapest? (2020), https://info-budapest.com/cost-of-living-in-budapest-hungary/

Hungary, Budapest - Cost of living. (2022, April), https://www.xpatulator.com/cost-of-living-review/Hungary-Budapest_94.cfm

KATA tax in Hungary explained (updated 2022), https://www.thatbudapest.life/kata-tax-in-hungary-explained

Calgary

Year-end 2021 - Canadian VC & PE market overview. (2022, March 1), https://www.cvca.ca/research-insight/market-reports/year-end-2021-canadian-vc-pe-market-overview

Quantum. (2022, February 27), https://www.ucalgary.ca/entrepreneurial/quantum

Alberta advantage immigration program. (2022, February 8), https://www.alberta.ca/alberta-advantage-immigration-program.aspx

Startup visa (SUV) » platform Calgary, https://www.platformcalgary.com/programs-and-events/suv/

Canada’s thriving tech workforce is outpacing the U.S. | LinkedIn, https://www.linkedin.com/pulse/canadas-thriving-tech-workforce-outpacing-us-riva-gold/

Alberta cleantech report 2021: The state of cleantech in Alberta. (2021, September 22), https://foresightcac.com/learn/alberta-cleantech-report-2021-the-state-of-cleantech-in-alberta/

Validere, https://www.crunchbase.com/organization/validere-technologies/company_financials

Amanda Stephenson. (2020, February 22). Neo financial becomes Calgary's latest $1 billion tech 'unicorn' | CBC news, https://www.cbc.ca/news/canada/calgary/neo-financial-unicorn-calgary-venture-capital-1.6442174

Neo Financial, https://www.crunchbase.com/organization/neo-financial/company_financials

Symend, https://www.crunchbase.com/organization/symend/company_financials

Helcim Inc., https://www.crunchbase.com/organization/helcim/company_financials

Fiscal Plan Moving Forward 2022–25, https://open.alberta.ca/dataset/6d0f1358-beb5-4bb7-8da1-a350a138039c/resource/36771cab-bee0-44b5-99a...

Melbourne

Melbourne to host major international tech events - Invest Victoria. (2022, March 21), https://www.invest.vic.gov.au/news-and-events/news/2021/december/melbourne-to-host-major-internation...

Pat Daniel. (2021, October 22). RMIT second in the world for blockchain, https://coinculture.com/au/tech/rmit-rank-2-globally-for-blockchain/

Fund of funds. (2020, November 12), https://launchvic.org/fund-of-funds

$1.8 MILLION FUNDING TO HATCH AGTECH'S NEXT BIG IDEAS. (2020, November 12), https://launchvic.org/files/1.8-Million-Funding-to-Hatch-AgTechs-Next-Big-Ideas-10-Feb-2022.pdf

A boost for bio and tech innovation in Victoria - Invest Victoria. (2022, March 21), https://www.invest.vic.gov.au/news-and-events/news/2021/march/a-boost-for-bio-and-tech-innovation-in...

Mesoblast, https://www.crunchbase.com/organization/mesoblast/company_financials

Seer, https://www.crunchbase.com/organization/seer-5904/company_financials

Ena Respiratory, https://www.crunchbase.com/organization/innavac/company_financials

FinTech startups in Melbourne. (2022, March 6), https://tracxn.com/explore/FinTech-Startups-in-Melbourne

Intersekt 2021. (2022, May 13), https://www.intersektfestival.com/

Digital innovation futures Victoria. (2021, April 19), https://dif.vic.gov.au/editorial/3649-a/global-fintech-sets-up-melbourne-office

Airwallex, https://www.crunchbase.com/organization/airwallex/company_financials

Zeller, https://www.crunchbase.com/organization/zeller/company_financials

Best universities in Australia 2022. (2021, September 3), https://www.timeshighereducation.com/student/best-universities/best-universities-australia

Business school rankings, https://rankings.ft.com/rankings/2866/mba-2022

2021-2022 state budget, https://www.victorianchamber.com.au/cdn/41nmr4mixts0g8w0

Business event sponsorship program - City of Melbourne, https://www.melbourne.vic.gov.au/business/grants-tenders/business-events-sponsorship/Pages/business-...

Business event sponsorship recipients - City of Melbourne, https://www.melbourne.vic.gov.au/business/grants-tenders/business-events-sponsorship/Pages/business-...

Report on the 2021–22 Budget Estimates, https://www.parliament.vic.gov.au/images/stories/committees/paec/2021-22_Budget_Estimates/Report/PAE...

Kuala Lumpur

Aerodyne Group, https://www.crunchbase.com/organization/aerodyne-america

Jirnexu, https://www.crunchbase.com/organization/jirnexu

CapBay, https://www.crunchbase.com/organization/capital-bay

Carsome, https://www.crunchbase.com/organization/carsome

Malaysia’s startup ecosystem is becoming competitive, but more work needs to be done. (2022, January 31), https://www.businesstoday.com.my/2022/02/02/malaysias-startup-ecosystem-is-becoming-competitive-but-...

Budget Speech 2022. (2021, October 29), https://budget.mof.gov.my/pdf/2022/ucapan/bs22.pdf

Malaysia Startup Ecosystem Roadmap 2021 - 2030, https://www.mosti.gov.my/wp-content/uploads/repository/penerbitan/2021/(SUPER)%20Malaysia%20Startup%...

Southeast Asia gaming market - Growth, trends, COVID-19 impact, and forecasts (2022 - 2027). (2022), https://www.reportlinker.com/p06227800/Southeast-Asia-Gaming-Market-Growth-Trends-COVID-19-Impact-an...

Li Mei Foong. (2021, July 6). Malaysia's video games take on global boss fight, https://the-ken.com/sea/story/malaysias-pixel-sized-video-game-sector-in-a-global-boss-fight/

The gaming industry: A new game of growth. (2020, December 8), https://www.mida.gov.my/the-gaming-industry-a-new-game-of-growth/

PREMIER ONLINE GAME DEVELOPERS CONFERENCE IN SOUTHEAST ASIA. (2021, October 1), https://mdec.my/levelupkl/

George Miller. (2022, January 13). Galaxy racer to invest RM42 million (US$10 million) into Malaysia’s Esports ecosystem, https://europeangaming.eu/portal/latest-news/2022/01/13/107100/galaxy-racer-to-invest-rm42-million-u...

Malaysia — Network readiness index, https://networkreadinessindex.org/country/malaysia/

Business friendly environment - Why greater KL, https://www.investkl.gov.my/why-greater-kl/business-friendly-environment

Istanbul

Turkish startups snag $1.55B funding in 2021. (2022, January 25), https://www.pymnts.com/startups/2022/turkish-startups-snag-record-1-55b-funding-in-2021-a-948-pct-in...

Timur Sırt. (2022, January 21). Turkish startups notch record $1.5B funding in buoyant 2021, https://www.dailysabah.com/business/tech/turkish-startups-notch-record-15b-funding-in-buoyant-2021

Turkish Startup Investments Review | Q3 2021. (2022, January 21), https://home.kpmg/content/dam/kpmg/tr/pdf/2021/11/turkish-startup-investments-review-2021-q3.pdf

Istanbul Development Agency (ISTKA), (2022, March 23)

Startups.watch | Corporate Venturing Platform, https://startups.watch

Dream Games, https://www.crunchbase.com/organization/dream-games/company_financials

Spyke Games, https://www.crunchbase.com/organization/spyke-games/company_financials

National Artificial Intelligence Strategy 2021-2025, https://cbddo.gov.tr/SharedFolderServer/Genel/File/TRNationalAIStrategy2021-2025.pdf

Cameralyze, https://www.crunchbase.com/organization/cameralyze/company_financials

Yolda.com, https://www.crunchbase.com/organization/yolda/company_financials

Istanbul financial center to support Turkey's ambition to become a top 10 global economy. (2021, October 7), https://www.prnewswire.com/in/news-releases/istanbul-financial-center-to-support-turkey-s-ambition-t...

Istanbul Fintech Week, https://istanbulfintechweek.com/

Tarfin, https://www.crunchbase.com/organization/tarfin/company_financials

42 ISTANBUL | 42 Istanbul, https://www.42istanbul.com.tr/42-istanbul/