Mumbai ranked world’s top emerging ecosystem for startups


Bengaluru and Delhi have made it to a list of top 40 of the world’s most favorable ecosystems to build a globally successful startup, and Mumbai has been listed as the world’s top emerging ecosystem for startups.

The list was published in The Global Startup Ecosystem Report 2020 (external link) by Startup Genome, a policy advisory and research organization for governments and public-private partnerships committed to the startup ecosystem, which has advised more than 100 clients across 38 countries.

Expectedly, Silicon Valley topped the favorable ecosystems list. London and New York tied for second spot. Bengaluru was ranked 26th and Delhi 36th.

Bengaluru, the report said, stood out for high access to funding and Delhi ranked well for the volume and complexity of patent creation.

In the top emerging ecosystems category, Mumbai was followed by Jakarta, Zurich, Greater Helsinki, and Guangzhou.

London and New York beat Silicon Valley in the connectedness ranking, a factor based on the number of tech meetups in the ecosystem and a life sciences-focused measure of accelerators and incubators, research grants, and R&D anchors in the ecosystem.