Israeli research firm ranks Bengaluru as 8th strongest startup ecosystem

Bengaluru, June 30 (KNN) The city of Bengaluru also known as the Silicon Valley of India has been identified as the 8th strongest startup ecosystem in the world, as per Blink’s Startup Ecosystem Report 2022.

The city has improv its ranking by two spots this year and has entered the the top 10 global cities. 

The Israel based startup research organisation      in its latest report bas ranked New Delhi at 13th, Mumbai at 17th, Pune at 90th, Hyderabad at 97th, Chennai at 102nd, Jaipur at 212 and Ahmedabd at 223rd. 

India, Japan and South Korea have been ranked 4th, 5th and 6th respectively in Asia-Pacific, signaling a competitive environment in India for startups.

The methodology of study consisted majorly three parameters- quality of startups, quantity of startups and business environment.

It ranks the startup ecosystems of top 1000 cities and 100 countries of the globe.

As per the report, Bengaluru is also the third-highest ranked ecosystem in Asia-Pacific after Beijing and Shanghai and is said to become the second highest ranked city overtaking the Chinese cities. 

Singapore ranks top on the list of startup ecosystem in Asia-Pacific region with a total scrore of 23.408, followed by Australia, China, India and then Japan. 

India has moved up one place since 2021. Other countries in the top ten list in the Asia-Pacific region are South Korea, Taiwan, New Zealand, Indonesia and Malaysia.

Globally, top 10 cities on the ranking, are San Francisco Bay, New York, London, Los Angeles Area, Boston Area, Beijing, Shanghai, Bangalore, Tel Aviv Area and Paris.  (KNN Bureau)