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India at 17th position among 100 countries in terms of startup ecosystem: StartupBlink report

Updated: Apr 30, 2019 11:17:39am
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India at 17th position among 100 countries in terms of startup ecosystem: StartupBlink report

New Delhi, Apr 30 (KNN) Tracking the momentum and trends within the startups ecosystem globally, StartupBlink has ranked India at 17th position (out of 100 countries), below the top five-the US, the UK, Canada, Israel, and Australia.

According to data released by StartupBlink which tracks startup ecosystems on a number of parameters, the strong performers in India includes, Bangalore with 11th position followed by New Delhi (14), Mumbai (29), Chennai (74), and Hyderabad (75).

Chennai and Hyderabad moved more than 100 positions up in comparison with 2017.

The rating methodology considers the number and quality of startups, infrastructure, business climate and public support for innovation.

The main goal of the rankings is to feature and rank hundreds of ecosystems rather than highlighting a few highly successful ecosystems that are already well known.

The used method also reveals trends at both the country and city level, identifies up and coming startup ecosystems, and flags underperforming ecosystems that are losing momentum.

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