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Zawya
5 days ago
- Business
- Zawya
Riyadh ranks 23, up 60 places, among top 100 emerging startup ecosystems globally
RIYADH — Saudi Arabia has made a remarkable achievement in the field of entrepreneurship, with the position of Riyadh, the capital city, advancing 60 places over the past three years, ranking 23rd among the top 100 emerging startup ecosystems globally. This was revealed in the "Global Startup Ecosystem 2025" report issued by Startup Genome, in partnership with the Global Entrepreneurship Network. According to the report, the Kingdom recorded the second-highest performance in the Middle East and North Africa region, ranking third in terms of funding volume and investment value versus impact, while ranking fourth in terms of the availability of skills and expertise, enhancing its ability to attract and retain entrepreneurial talent. The report highlighted the promising sectors that contributed to these results, most notably artificial intelligence, financial technologies, cybersecurity, smart cities, infrastructure, and digital health, which represent key pillars of the Kingdom's economic transformation plans. This great progress reflects the Kingdom's rapid growth in the entrepreneurial ecosystem, particularly in terms of venture capital indicators and the development of the entrepreneurial ecosystem's infrastructure. This is in addition to the rising levels of innovation and investment in emerging technologies. This achievement was made possible mainly because of the support and empowerment provided by government agencies in the Kingdom to investors in the sector, including the efforts of the Small and Medium Enterprises General Authority (Monsha'at) to build an integrated entrepreneurial ecosystem through its initiatives and programs that support the growth and expansion of startups and enhance the legislative and regulatory environment for entrepreneurs. This aims to increase the share of these enterprises in the GDP, in line with the goals of the Kingdom's Vision 2030. The Startup Genome report was based on data analysis of more than 5 million startups across more than 350 global ecosystems, reviewing the most prominent investment trends and policies that stimulate the success of innovation and entrepreneurship at the international level. © Copyright 2022 The Saudi Gazette. All Rights Reserved. Provided by SyndiGate Media Inc. (
Saudi Gazette
5 days ago
- Business
- Saudi Gazette
Riyadh ranks 23, up 60 places, among top 100 emerging startup ecosystems globally
Saudi Gazette report RIYADH — Saudi Arabia has made a remarkable achievement in the field of entrepreneurship, with the position of Riyadh, the capital city, advancing 60 places over the past three years, ranking 23rd among the top 100 emerging startup ecosystems globally. This was revealed in the "Global Startup Ecosystem 2025" report issued by Startup Genome, in partnership with the Global Entrepreneurship Network. According to the report, the Kingdom recorded the second-highest performance in the Middle East and North Africa region, ranking third in terms of funding volume and investment value versus impact, while ranking fourth in terms of the availability of skills and expertise, enhancing its ability to attract and retain entrepreneurial talent. The report highlighted the promising sectors that contributed to these results, most notably artificial intelligence, financial technologies, cybersecurity, smart cities, infrastructure, and digital health, which represent key pillars of the Kingdom's economic transformation plans. This great progress reflects the Kingdom's rapid growth in the entrepreneurial ecosystem, particularly in terms of venture capital indicators and the development of the entrepreneurial ecosystem's infrastructure. This is in addition to the rising levels of innovation and investment in emerging technologies. This achievement was made possible mainly because of the support and empowerment provided by government agencies in the Kingdom to investors in the sector, including the efforts of the Small and Medium Enterprises General Authority (Monsha'at) to build an integrated entrepreneurial ecosystem through its initiatives and programs that support the growth and expansion of startups and enhance the legislative and regulatory environment for entrepreneurs. This aims to increase the share of these enterprises in the GDP, in line with the goals of the Kingdom's Vision 2030. The Startup Genome report was based on data analysis of more than 5 million startups across more than 350 global ecosystems, reviewing the most prominent investment trends and policies that stimulate the success of innovation and entrepreneurship at the international level.
Business Journals
5 days ago
- Business
- Business Journals
Chicago slips in world startup rankings amid global downturn
Story Highlights Chicago dropped to 16th in global startup ecosystem rankings. Global startup ecosystem value decreased 31% across the board. Chicago experienced the largest ecosystem value decline among top 20 cities. Chicago took a slight tumble on a list of the top startup ecosystems in the world. The Windy City dropped to No. 16 in the 2025 Global Startup Ecosystem Report from Startup Genome in partnership with Global Entrepreneurship Network, which analyzed data from more than 5 million companies across more than 350 markets to determine the top 40 regions for startups. Chicago had ranked No. 15 in 2024. GET TO KNOW YOUR CITY Find Local Events Near You Connect with a community of local professionals. Explore All Events North America's top five ecosystems in terms of value and early-stage funding included Silicon Valley in California, New York City, Los Angeles, Boston and Seattle. Overall, ecosystem value — the sum of startup valuations plus the post-money valuation of exits in the past two-and-a-half years — dropped 31% across the globe. Among the top 20 ecosystems in the report, only three cities saw positive ecosystem growth: Beijing, Los Angeles and Tokyo. At nearly 40%, Chicago saw the greatest decrease in ecosystem value among those top 20 cities. This is a trend that started at the end of 2022 as funding dried up and exits began to plummet. Only 12 companies completed public listings nationally during the first quarter, according to PitchBook, as a freeze in initial public offerings seen over the past couple of years has yet to thaw. Large exits in 2024 were still being handicapped by the inflationary valuations of 2021, concluded the study by Startup Genome, a development organization for the industry. However, there are encouraging signs that large exits are recovering in 2025 and could be back at pre-pandemic frequency by year-end. In recent quarters, Chicago startups have started to find a new normal in terms of fundraising with dealmaking remaining relatively stable to begin the year. Sign up for Inno's free twice-weekly newsletter to receive the latest innovation news impacting Chicago.
Sharjah 24
13-06-2025
- Business
- Sharjah 24
Sheraa highlights Sharjah's purpose-driven innovation at VivaTech
The event brings together 165,000 attendees, including 13,500 startups, 3,500 exhibitors and 3,200 investors. VivaTech 2025 stands as the largest startup and technology event in Europe. Sharjah's Resilience The Global Startup Ecosystem Report (GSER) 2025, a comprehensive study of startup ecosystems worldwide published by Startup Genome in collaboration with the Global Entrepreneurship Network, is unveiled at VivaTech. Despite intensifying regional competition and a rapidly evolving landscape, Sharjah retains its #7 ranking in MENA, underscoring the emirate's resilience and strategic clarity. This performance is driven by Sheraa's founder-first approach to venture building, which continues to deliver practical, lasting outcomes and elevate Sharjah's standing on the global innovation map. Her Excellency Najla Al Midfa, Vice Chairperson of Sheraa said: 'Maintaining Sharjah's position in the GSER rankings reflects the strength of an ecosystem built on clear vision, strategic alignment, and an unwavering drive to empower founders. At Sheraa, we believe in building an ecosystem where every founder feels supported, not just at the start but throughout their entire journey. By aligning government, academia, the private sector, and capital, we create purposeful pathways that fuel progress. True impact comes from steady, thoughtful investment in people and ideas, and from nurturing a culture where innovation can take root and grow.' Her Excellency Sara Abdelaziz Al Nuaimi, CEO of Sheraa said: 'Sheraa's participation at VivaTech is a strategic step in connecting Sharjah's entrepreneurial ecosystem with global innovation networks. As one of the world's leading tech events, VivaTech provides a unique platform to spotlight the UAE-based startups we support and open new pathways for cross-border collaboration. We are showcasing a model rooted in market insight, founder needs, and long-term value creation. By focusing on high-impact sectors such as EdTech, sustainability, manufacturing, and creative industries, we continue to drive economic diversification and sustainable development. This participation reflects the UAE's national vision to embed entrepreneurship and innovation into every stage of growth, and at Sheraa, we are proud to contribute by enabling founders to scale purposeful ventures that create real-world impact.' Centers of Excellence Sheraa showcases a curated lineup of its high-impact startups aligned with its four strategic Centers of Excellence: Sustainability, EdTech, Manufacturing, and Creative Industries. Highlights include Creams Botanics' zero-waste skincare using UAE-grown date seed oil; Squirrel Education's AI-driven platform for financial literacy; Loyyal's blockchain-based enterprise loyalty system; and AR Engineering's immersive mixed-reality tech. Also featured are Eshara, an AI-powered Arabic sign-language platform supporting the hearing-impaired community; Responsive Drip Irrigation's smart irrigation system optimizing water use at the root level; and Esaal Solutions, delivers smart digital receipts, data analytics, and loyalty integration to boost post-purchase engagement and retail performance. Together, these ventures reflect Sheraa's founder-first ethos and global ambition. These startups are engaging with global investors, partners, and innovators, expanding their reach and contributing to the UAE's global entrepreneurship narrative. Sustainable Farming Partnership Responsive Drip Irrigation (RDI), a Sheraa's incubator startup and HYVEGEO, a climate tech startup, have signed a Memorandum of Understanding (MoU) to establish a collaborative framework focused on advancing agricultural innovation and sustainability. The partnership aims to develop joint solutions in climate-smart irrigation, field testing, improved water-use efficiency, soil health enhancement, and carbon sequestration, driving forward sustainable farming practices that address pressing environmental challenges. As part of their agenda at VivaTech 2025, the UAE delegation engages in several enriching activities to foster cross-border collaboration and entrepreneurial growth.
Daily Tribune
13-06-2025
- Business
- Daily Tribune
Bahrain startup ecosystem soars
Bahrain's startup ecosystem has demonstrated robust growth, with its value reaching an impressive $1.2 billion, marking a 13% compound annual growth compared to 2023, according to the 2025 Global Startup Ecosystem Report (GSER) released yesterday by Startup Genome in partnership with the Global Entrepreneurship Network at VivaTech. The report highlights the Kingdom's strong performance across several key metrics. MENA Region Recognition The GSER 2025 features Bahrain prominently, ranking it among the Top 10 MENA Ecosystems in both Funding, which assesses early-stage funding and investor activity, and Performance, which measures value created from exits and funding. The Kingdom also secured positions in the Top 15 MENA Ecosystems for Knowledge, reflecting its expertise and innovation. Strategic Partnerships Fueling Growth Startup Genome, the Global Entrepreneurship Network, and The Labour Fund (Tamkeen) have collaborated closely over recent years to monitor and benchmark Bahrain's startup ecosystem. This partnership aims to identify challenges and opportunities, informing strategic development plans to further foster ecosystem growth. Official Insights ' Bahrain possesses a well-connected ecosystem, robust infrastructure, and highly skilled tech talent that provide a strong foundation for growth,' stated Alya Alaali, Chief Strategy & Data Analytics Officer at The Labour Fund (Tamkeen). She affirmed Tamkeen's commitment to 'foster innovation by enabling skill development and providing access to funding for entrepreneurs through various programs and initiatives.' Samantha Evans, Managing Director MENA, Startup Genome, echoed this sentiment, noting that 'Bahrain's consistent performance reflects a growing maturity and strategic focus on sectors like AI, Fintech, and Cybersecurity.' She added that Tamkeen's role remains 'pivotal - anchoring a supportive, entrepreneur-friendly environment that continues to strengthen Bahrain's innovation landscape and long-term competitiveness.' Key Sector Strengths Fintech, Cybersecurity, and AI were identified as crucial drivers for startup growth in Bahrain, underpinned by proactive regulation and targeted training programs. In 2024, the country advanced open banking and crypto licensing, and launched new infrastructure and education initiatives specifically to scale AI-driven innovation. Attractive Destination for Startups The report also highlighted Bahrain's appeal as a destination for startup expansion. The Kingdom offers a compelling entry point into the GCC and broader MENA markets, combining regional accessibility with comparatively low operational costs for startups. The ecosystem benefits from targeted SME policies, active accelerators, and a steady stream of new initiatives, including over 130 startup events in 2024 and recent expansions by regional tech players such as Tamara.
