Latest news with #GlobalStartupEcosystemReport
Hans India
6 days ago
- Business
- Hans India
Bengaluru ranks 14th among world's top startup ecosystems
Bengaluru: Bengaluru, the capital of Karnataka and India's leading tech hub, has been ranked 14th in the world in the list of top 20 startup ecosystems, according to the Global Startup Ecosystem Report (GSER) 2025 by Startup Genome. The city has jumped seven places from its 21st rank last year, marking the biggest leap among the top 20 global startup cities. Bengaluru is also the highest-ranked Indian city in the report, ahead of Delhi (29th) and Mumbai (40th). Globally, Silicon Valley continues to hold the top position, followed by New York and London in second and third place, respectively. Bengaluru has also been ranked 5th among the top 50 cities in the Artificial Intelligence (AI) sector, reflecting its growing strength in deep tech and innovation. The GSER report highlighted the success of Indian startups in 2024, especially Bengaluru-based ventures, with several high-value IPOs like Indegene Rs 1.11 lakh crore, Swiggy Rs 96,000 crore, GoDigit Rs 30,000 crore and Blackbuck Rs 8,600 crore. These successful listings delivered significant returns to early investors and further boosted India's reputation as a thriving startup nation. The report credited Karnataka government's support for the deep tech ecosystem as one of the reasons behind Bengaluru's rise in global experts believe this global recognition will attract more investors, talent, and innovation to the city, strengthening its position as a leading startup hub in Asia.
New Indian Express
14-06-2025
- Business
- New Indian Express
Bengaluru ranks 14 in global startups, fifth in AI and big data
BENGALURU: Bengaluru has jumped seven spots to rank 14 in the Global Startup Ecosystem Report (GSER) 2025, up from 21 last year. The city ranked fifth globally in AI & Big Data. The GSER 2025, published by Startup Genome and released at VivaTech 2025 in Paris, evaluates ecosystems across key parameters, performance, funding, market reach, talent and experience, and knowledge along with a new focus on AI-native capabilities. At VivaTech 2025, Karnataka IT-BT Minister Priyank Kharge spoke at a high-level panel discussion on AI disruption and startup ecosystem futures. 'This ranking is not just a number; it reflects the structural resilience and readiness of Karnataka's innovation economy,' Kharge stated. He detailed Karnataka's multi-pronged strategy; including Innoverse open innovation platform, Beyond Bengaluru regional startup mission, and Nipuna Karnataka, a skilling initiative targeting over a million professionals. The state is also fostering enterprise-startup collaboration via its growing Global Capability Center (GCC) network and supporting Deep Tech with dedicated funding for AI, biotech and robotics. Bengaluru now stands shoulder-to-shoulder with global hubs like Paris (rank 12), Philadelphia (13), and Seattle (15), marking a significant shift in global innovation trends and placing Karnataka firmly on the global Deep Tech map.
New Straits Times
14-06-2025
- Business
- New Straits Times
KL ranks 18th in emerging startup ecosystems, historic first for Malaysia
KUALA LUMPUR: Kuala Lumpur has entered the Top 20 Emerging Startup Ecosystems, a historic first for Malaysia, after ranking 18th in the Global Startup Ecosystem Report (GSER) 2025 by Startup Genome. The Science, Technology and Innovation ministry (MOSTI), in a statement yesterday, said this milestone reflects the tangible results of Malaysia's coordinated national innovation agenda, with strategic startup ecosystem programmes and capital mobilisation efforts now showing a measurable impact. It stated that the GSER, considered the world's most comprehensive analysis of startup ecosystems, evaluates over 300 cities across more than 100 countries. It highlights Kuala Lumpur's progress across performance, funding, talent development and, most notably, market reach. MOSTI said Startup Genome noted that early-stage funding in Kuala Lumpur reached RM1.5 billion (US$368 million) over the past two and a half years, an increase of over 40 per cent from the previous cycle – a clear indicator of rising investor confidence and ecosystem momentum. The ministry said the country's growing global recognition in innovation is driven by its maturing ecosystem, guided by the long-term Ekonomi MADANI policy. Central to this progress are two key national strategies: the Malaysia Startup Ecosystem Roadmap (SUPER), launched in 2021, and the KL20 Action Plan, introduced in April 2024. According to Science, Technology and Innovation Minister Chang Lih Kang, the progress reflects years of deliberate policy design and institution-building under SUPER, which laid the foundational infrastructure for growth across capital formation, talent development, and regulatory frameworks. "Kuala Lumpur's entry into the Top 20 Emerging Ecosystems marks a significant leap forward from its previous placement in the 21-30 band between 2022 and 2024, underscoring the momentum achieved through policy coherence and stakeholder alignment. "A key contributor to this rise was the marked improvement in the city's Market Reach score – jumping from two to 10, which reflects the growing ability of Malaysian startups to access international markets, scale beyond domestic borders, and compete globally. "Under MOSTI's leadership and with Cradle Fund as our focal point agency, we are collaborating closely with public and private sector partners to elevate the nation's startup ecosystem, empower founders, and position Malaysia as a destination of choice for global startups, talent, and investors," he said in the statement. In this year's report, Startup Genome highlighted ecosystem performance, talent depth, capital availability, and market reach as key drivers of Kuala Lumpur's improved standing. This includes a 44 per cent rise in early-stage funding from US$255 million to US$368 million, a 22 per cent increase in total venture capital funding that reached US$3.3 billion, and a surge in the market reach score from two to 10. With over 4,400 startups supported under the national MYStartup Single Window initiative ( Malaysia's innovation ecosystem is rapidly transitioning from promise to performance. The government is now setting its sights on the next milestone: positioning Malaysia among the Top 20 Global Startup Ecosystems by 2030.– BERNAMA
The Sun
13-06-2025
- Business
- The Sun
KL ranks 18th in Emerging Startup Ecosystems, historic first for Malaysia
KUALA LUMPUR: Kuala Lumpur has entered the Top 20 Emerging Startup Ecosystems in a historic first for Malaysia after ranking 18th in the Global Startup Ecosystem Report (GSER) 2025 by Startup Genome. The Ministry of Science, Technology and Innovation (MOSTI), in a statement, said the milestone reflects the tangible results of Malaysia's coordinated national innovation agenda, with strategic startup ecosystem programmes and capital mobilisation efforts now showing measurable impact. It stated that the GSER, considered the world's most comprehensive analysis of startup ecosystems, evaluates over 300 cities across more than 100 countries, and highlights Kuala Lumpur's progress across performance, funding, talent development and most notably, market reach. MOSTI said Startup Genome noted that early-stage funding in Kuala Lumpur reached RM1.5 billion (US$368 million) over the past two and a half years, an increase of over 40 per cent from the previous cycle - a clear indicator of rising investor confidence and ecosystem momentum. The ministry said the country's growing global recognition in innovation is driven by its maturing ecosystem, guided by the long-term Ekonomi MADANI policy. Central to this progress are two key national strategies - the Malaysia Startup Ecosystem Roadmap (SUPER), launched in 2021, and the KL20 Action Plan, introduced in April 2024. According to Science, Technology and Innovation Minister Chang Lih Kang, the progress reflects years of deliberate policy design and institution-building under SUPER, which laid the foundational infrastructure for growth across capital formation, talent development and regulatory frameworks. 'Kuala Lumpur's entry into the Top 20 Emerging Ecosystems marks a significant leap forward from its previous placement in the 21-30 band between 2022 and 2024, underscoring the momentum achieved through policy coherence and stakeholder alignment. 'A key contributor to this rise was the marked improvement in the city's Market Reach score - jumping from two to 10, which reflects the growing ability of Malaysian startups to access international markets, scale beyond domestic borders and compete globally. 'Under MOSTI's leadership and with Cradle Fund as our focal point agency, we are collaborating closely with public and private sector partners to elevate the nation's startup ecosystem, empower founders, and position Malaysia as a destination of choice for global startups, talent and investors,' he said in the statement. In this year's report, Startup Genome highlighted ecosystem performance, talent depth, capital availability and market reach as key drivers of Kuala Lumpur's improved standing, including 44 per cent rise in early-stage funding from US$255 million to US$368 million, a 22 per cent increase of total venture capital funding that reached US$3.3 billion and surge of market reach score from two to 10. With over 4,400 startups supported under the national MYStartup Single Window initiative ( Malaysia's innovation ecosystem is rapidly transitioning from promise to performance, with the government now setting its sights on the next milestone: positioning Malaysia among the Top 20 Global Startup Ecosystems by 2030.
The Sun
13-06-2025
- Business
- The Sun
Kuala Lumpur Ranks 18th in Global Startup Ecosystem 2025
KUALA LUMPUR: Kuala Lumpur has entered the Top 20 Emerging Startup Ecosystems in a historic first for Malaysia after ranking 18th in the Global Startup Ecosystem Report (GSER) 2025 by Startup Genome. The Ministry of Science, Technology and Innovation (MOSTI), in a statement, said the milestone reflects the tangible results of Malaysia's coordinated national innovation agenda, with strategic startup ecosystem programmes and capital mobilisation efforts now showing measurable impact. It stated that the GSER, considered the world's most comprehensive analysis of startup ecosystems, evaluates over 300 cities across more than 100 countries, and highlights Kuala Lumpur's progress across performance, funding, talent development and most notably, market reach. MOSTI said Startup Genome noted that early-stage funding in Kuala Lumpur reached RM1.5 billion (US$368 million) over the past two and a half years, an increase of over 40 per cent from the previous cycle - a clear indicator of rising investor confidence and ecosystem momentum. The ministry said the country's growing global recognition in innovation is driven by its maturing ecosystem, guided by the long-term Ekonomi MADANI policy. Central to this progress are two key national strategies - the Malaysia Startup Ecosystem Roadmap (SUPER), launched in 2021, and the KL20 Action Plan, introduced in April 2024. According to Science, Technology and Innovation Minister Chang Lih Kang, the progress reflects years of deliberate policy design and institution-building under SUPER, which laid the foundational infrastructure for growth across capital formation, talent development and regulatory frameworks. 'Kuala Lumpur's entry into the Top 20 Emerging Ecosystems marks a significant leap forward from its previous placement in the 21-30 band between 2022 and 2024, underscoring the momentum achieved through policy coherence and stakeholder alignment. 'A key contributor to this rise was the marked improvement in the city's Market Reach score - jumping from two to 10, which reflects the growing ability of Malaysian startups to access international markets, scale beyond domestic borders and compete globally. 'Under MOSTI's leadership and with Cradle Fund as our focal point agency, we are collaborating closely with public and private sector partners to elevate the nation's startup ecosystem, empower founders, and position Malaysia as a destination of choice for global startups, talent and investors,' he said in the statement. In this year's report, Startup Genome highlighted ecosystem performance, talent depth, capital availability and market reach as key drivers of Kuala Lumpur's improved standing, including 44 per cent rise in early-stage funding from US$255 million to US$368 million, a 22 per cent increase of total venture capital funding that reached US$3.3 billion and surge of market reach score from two to 10. With over 4,400 startups supported under the national MYStartup Single Window initiative ( Malaysia's innovation ecosystem is rapidly transitioning from promise to performance, with the government now setting its sights on the next milestone: positioning Malaysia among the Top 20 Global Startup Ecosystems by 2030.
