Startup Genome and Tamkeen launch world’s most comprehensive research on startups

TDT | Manama     

The Daily Tribune – www.newsofbahrain.com

The 2024 Global Startup Ecosystem Report (GSER) by Startup Genome and the Global Entrepreneurship Network launched yesterday at London Tech Week.

The GSER, powered by the world’s most quality-controlled dataset on startup ecosystems, analyzes data from over 4.5 million companies across 300+ entrepreneurial innovation ecosystems.

It provides compelling new insights and deep knowledge about startup trends around the world and ranks the top 30 and 10 runner-up global ecosystems, emerging ecosystems, and an expanded regional ranking.

Tamkeen and Startup Genome have teamed up to spotlight Bahrain’s entrepreneurial ecosystem in the #GSER2024 - The ecosystem created $1.2 billion in Ecosystem Value from Jul 01, 2021 to Dec 31, 2023, representing 40% compound annual growth compared to Jul 01, 2019 to Dec 31, 2021 time period.

Ecosystem Value is a measure of economic impact, calculated as the value of exits and startup valuations.

Top 10 MENA Ecosystem in Performance — measures the size and performance of an ecosystem based on the accumulated tech startup value created from exits and funding Top 10 MENA Ecosystem in Bang for Buck — measures the amount of runway tech startups acquire, on average, from a VC round Top 15 MENA Ecosystem in Knowledge — measures innovation through research and patent activity Top 15 MENA Ecosystem in Funding — measures innovation through early-stage funding and investor’s activity Top 15 MENA Ecosystem in Talent & Experience — measures long-term trends over the most significant performance factors Top 15 MENA Ecosystem in Affordable Talent — measures the ability to hire tech talent The Fintech, Cybersecurity, and AI, Big Data, & Analytics sectors are highlighted for their density of talent, support resources, and startup activity “Bahrain continues to bolster its positioning as a leading startup hub in the region.

The Kingdom has taken large strides in fostering a supportive startup ecosystem, while also championing innovation by enabling skill development and providing access to funding for entrepreneurs,” shares Mrs. Alya Alaali Chief Strategy & Data Analytics Officer.

The Report is driven by a consortium of representatives from 40+ countries and looks at the current state of startup activity and related investment, providing insights and guidance to public and private leaders on how to foster thriving startup communities — the #1 engine of job creation and economic growth.