India jumps 3 spots in global start up ecosystem rankings

India jumps 3 spots in global start up ecosystem rankings

Subject : Economy /IR

Context : India has jumped three spots up in the global start-up ranking this year, a possible silver lining amid the chaos that the pandemic has wrought upon us. India stands at the 20th spot among the top 100 countries that have been ranked in the Global Startup Ecosystem Index 2021 by Startup Blink.

Concept :

About the Report

• Israel’s tech ecosystem has ranked third globally and Tel Aviv came in eighth among cities in the new Global Startup Ecosystem Index 2021 published this month by StartupBlink, an Israeli-founded startup ecosystem research center.
• The index is compiled from a variety of data sources processed by an algorithm and is integrated with the interactive and crowdsourced StartupBlink Global Startup Ecosystem Map.
• Data from StartupBlink’s global data partners, such as Crunchbase, Semrush, and Meetup, are also incorporated to supplement the analyses.
• The report provides two sets of rankings: the first is for countries, and the second for individual ecosystems within cities.
• Each location has a total score, which is a sum of three scores measuring Quantity, Quality, and Business Environment. The scores have comparative importance, providing unique insights into the differences between different ecosystems in absolute terms.
• Building upon past years’ algorithms, this year’s report gave more weight to B2B startups, added more parameters related to technological services in the datasets, and increased data gathering of the R&D centers of international corporations.