GSER 2018 features strategic startup, investment and policy insights from over 10,000 founders in 45 cities
ATLANTA – April 17, 2018 – Produced in partnership between Startup Genome and the Global Entrepreneurship Network (GEN), this year’s Global Startup Ecosystem Report (GSER) launched at the Global Entrepreneurship Congress in Istanbul - signaling a strong commitment to advancing a greater understanding of startup ecosystems and the global network of capital and connections that drive them. The report, which features Atlanta among the 45 cities spotlighted, outlines what it takes to build dynamic startup ecosystems with both local and global resonance and which cities around the world are doing it best.
“We’ve now entered the Third Wave of innovation - where our global startup community is disrupting industries by combining technology with deep industry expertise. This is creating a potentially game-changing opportunity for smaller, less mature startup ecosystems that can now build out competitive advantage at a global level by focusing on their DNA and legacy strengths,” shared Startup Genome CEO and co-founder J.F. Gauthier.
“Consistent with our region’s welcoming culture, Atlanta is one of the top 10 ecosystems around the globe for local connectedness, which correlates strongly with higher startup performance,” said Jennifer Sherer, vice president for Innovation and Entrepreneurship for the Metro Atlanta Chamber. “Elements of this local connectedness, such as relationships between founders, contribute to Atlanta’s vibrant startup ecosystem and offers founders the access they need to establish and scale successful companies.”
This year, the report takes a close look at key sub-sectors such as Advanced Manufacturing and Robotics, Agtech, A.I., Big Data and Analytics, Life Sciences and Cybersecurity, as well as new technologies in education, health, advertising and finance. Across Atlanta’s ecosystem in particular, GSER identified the region as one to watch in Fintech, Adtech and A.I.
A fitting occasion for the launch of this collaborative report, the Global Entrepreneurship Congress gathers thousands of entrepreneurs, investors, researchers, policymakers and other startup champions from more than 170 countries to identify new ways of helping founders start and scale new ventures around the world.
“Research in the field is vital to shaping the interventions necessary to empower entrepreneurs around the world,” said Jonathan Ortmans, president of the Global Entrepreneurship Network. “As thousands of startup champions gather this week to explore innovative approaches, efforts such as the Global Startup Ecosystem Report help us become better informed about what is needed.”
Incorporating data from Crunchbase and Orb Intelligence as well as the voices of over 10,000 founders from 24 countries worldwide and counting, GSER 2018 presents an incisive look at over 60 ecosystems and highlights some of Atlanta’s top startups like Kabbage and Rubicon Global. Through an analysis of startup output and legacy traits, it identifies the industries where each ecosystem has the most potential to build the vibrant economy for which it is uniquely positioned.
Download the full report here, which includes an Atlanta ecosystem deep dive on pages 126-127: www.startupgenome.com/report2018.
About Metro Atlanta Chamber
The Metro Atlanta Chamber (MAC) serves as a catalyst for a more prosperous and vibrant region. To advance economic growth and improve metro Atlanta's quality of place, MAC is focused on starting, growing and recruiting companies to the 29-county metro Atlanta region. The Chamber is also focused on expanding the region's innovation economy by promoting and strengthening connections to drive Atlanta's innovation and entrepreneurial culture. MAC is committed to being an active voice for the business community, serving as an advocate for a competitive business climate and promoting Atlanta's story. For more information, visit www.MetroAtlantaChamber.com.
About Startup Genome
Startup Genome works to increase the success rate of startups and improve the performance of startup ecosystems globally. Fueled by the Voice of the Entrepreneur - the world’s largest primary research conducted with more than 10,000 startups annually - Startup Genome advises leaders of innovation ministries, agencies and organizations supporting startups. It brings data-driven, actionable insights, clarity and focus needed to produce more scale-ups, jobs and economic growth worldwide. Visit www.startupgenome.com for more and stay up to date on Twitter or Medium.
About The Global Entrepreneurship Network
The Global Entrepreneurship Network operates a platform of programs in 170 countries aimed at making it easier for anyone, anywhere to start and scale a business. By fostering deeper cross border collaboration and initiatives between entrepreneurs, investors, researchers, policymakers and entrepreneurial support organizations, GEN works to fuel healthier start and scale ecosystems that create more jobs, educate individuals, accelerate innovation and strengthen economic growth. For more, visit www.genglobal.org and Follow GEN on Twitter.
Communications, Startup Genome
Jessica Wray Bradner
Jennifer M. Spann
Communications Director, Metro Atlanta Chamber