Top 10 best countries for startups: India ranks in the global top 20
Top 10 Best Countries for Startups Globally: India has ascended to the 19th position globally, returning to the top 20 in 2024, with a total score of 13.529.
Top 10 Best Countries for Startups Globally: Notably, six European countries are featured in the top ten positions, up from five the previous year; below are the top 10 global startup hubs, as of 2024. (Source: Freepik)
Top 10 Best Countries for Startups Globally: The United States remains the leading startup ecosystem in the world, supported by a strong venture capital market, a culture that fosters innovation, and a highly skilled workforce, as highlighted in Startup Blink’s Startup Ecosystem Report 2024.
The US’s major cities, like San Francisco, New York, and Los Angeles, continue to be at the forefront of startup activity; however, the number of U.S. cities listed in the Index has declined from 383 in 2020 to 240 in 2024.
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Despite this reduction, the US still significantly outpaces the United Kingdom and Israel, which hold the second and third positions, respectively, with the gap between these two countries narrowing from 17% in 2022 to 8.6% in 2024.
Meanwhile, Switzerland has re-entered the top ten position, showcasing Europe’s dominance and highlighting the strength and diversity of European startup ecosystems.
Notably, six European countries are featured in the top ten positions, up from five the previous year; below are the top 10 global startup hubs, as of 2024.
Startup Ecosystem Report 2024: Top 10 best countries in the world for startups
Methodology: The StartupBlink Global Startup Ecosystem Index 2024 evaluates ecosystems based on various factors, including quantity, quality, and the business environment, utilizing data from partners such as Crunchbase and Statista.
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Where does India rank?
As for India, it has ascended to the 19th positionglobally, returning to the top 20 in 2024. With a score of 13.529, India has risen two spots.
Here are the trends of the global top 20 countries which have shown significant improvement in their startup ecosystem rankings in 2024 (Source: Startup Blink)
Cherry Gupta is an Assistant Manager – Content at The Indian Express. She leads the Top 10 section, curating list-based features on key national and international developments, and manages daily news content. She also produces SEO-driven articles and collaborates with the Lifestyle team to conduct interviews with notable artists and write workplace culture features. ... Read More