Startup Genome and Hub71 Launch 2023 Global Startup Ecosystem Report 

Abu Dhabi is celebrated in the world’s premier report on startup and economic enrichment - with the ecosystem experiencing 134% growth in Ecosystem Value 

The 2023 Global Startup Ecosystem Report (GSER) by Startup Genome and the Global Entrepreneurship Network was launched today at The Next Web Conference in Amsterdam. The GSER is powered by the world’s most comprehensive and quality-controlled dataset on startup ecosystems. Informed by data on 3.5 million startups across 290+ global ecosystems, the report provides compelling new insights and deep knowledge about startup trends around the world. Contributions from expert thought leaders and local key players further enrich the report’s extensive, evidence-based findings, which are the product of over a decade of Startup Genome’s independent research and policy work. 

Hub71 has partnered with Startup Genome to recognize Abu Dhabi’s entrepreneurial ecosystem in the #GSER2023 — 

● Abu Dhabi created $3,925,281,571 in ecosystem value from Jul 01, 2020 to Dec 31, 2022, representing 134% in compound annual growth compared with 01 Jul 2018 - 31 Dec 2020. Ecosystem value is a measure of economic impact, calculated as the value of Exits and startup valuations. 

● Top 5 MENA Ecosystem in Bang for Buck — measures the amount of runway tech startups acquire, on average, from a VC round

● Top 5 MENA Ecosystem in Talent & Experience — measures long term trends over the most significant performance factors and the ability to generate and keep talent in the ecosystem 

● Top 5 MENA Ecosystem in Funding — measures innovation through early stage funding and investor’s activity 

● Top 5 MENA Ecosystem in Performance — measures the size and performance of an ecosystem based on the accumulated tech startup value created from exits and funding 

● Top 10 MENA Ecosystem in Knowledge — measures innovation through research and patent activity 

● Top 15 MENA Ecosystem in Affordable Talent — measures the ability to hire tech talent 

● The Fintech, Cleantech, and Agtech & New Food sectors are highlighted for their density of talent, support resources, and startup activity 

● The Golden Visa program and its strategic location are cited as reasons a startup should move to Abu Dhabi 

“As global economic transformation specialists and policy advisors, we're extremely proud of the impressive performance of Abu Dhabi in the 2023 Global Startup Ecosystem Report," shares Marc Penzel, Founder & President of Startup Genome. "Working with Hub71, we continue to witness and shape exciting new policy and program developments that result in the Emirates' continued rise in the rankings." 

GSER 2023 ranks the top 30 as well as 10 runner-up global ecosystems and includes a top 100 ranking of emerging ecosystems. It also highlights startup communities from a regional perspective, separately ranking ecosystems in Africa, Asia, Europe, Latin America, MENA, North America, and Oceania. Key themes of this year's report include inflation, AI regulation, talent attraction, global VC funding, and a wide range of market sub-sector analyses.

The GSER is created with the Global Entrepreneurship Network, Dealroom, and Crunchbase. The 2023 GSER provides invaluable insights and guidance on how to promote thriving startup communities — the #1 engine of job creation and economic growth. Discover how 140 entrepreneurial ecosystems compare and view the full report here
 

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