Startup Genome launches startup research and unveil annual ranking of top-performing ecosystems worldwide.

Amsterdam, June 10, 2024—Today, Startup Genome announced that the Netherlands climbed to 13th place among the world’s top-performing startup ecosystems, a one-place improvement from last year. These findings are detailed in the Global Startup Ecosystem Report (GSER), launched today by Startup Genome and Techleap at London Tech Week. A structural investment in the Dutch tech sector is necessary, because startups offer innovative solutions to challenges in areas such as climate and healthcare. Moreover they serve as the job engine of the future.

Silicon Valley remains at the top of the list of best-performing startup ecosystems, followed by New York City and London (tied for second place). London is the only European ecosystem to outperform the Netherlands, which ranks ahead of Paris (14th place) and Berlin (15th place). This means that Europe has only one ecosystem in the top 10, which is an alarming signal. Globally, Miami is the most notable climber, moving up seven places to 16th position.

The economic impact of Dutch startups increases

According to the report, the Dutch ecosystem generated $96 billion in value during the measured period of a year and a half (July 2021 – December 2023). This represents a significant 32% growth compared to the previous period (July 2019 – December 2021).

The Dutch ecosystem scores high in performance areas such as funding, talent, and experience, placing it in the global top 15. It ranks among the top 20 ecosystems worldwide when considering research and patents. Factors like the Startup Visa and residence permits for startup staff are key reasons for relocating a startup to the Netherlands.

Life Sciences, Agrifood, and Semiconductors

The report confirms the Netherlands’ high performance in life sciences, agrifood, and semiconductors as is evidenced in talent density, supportive resources, and startup activities in these fields. For example, the 30% percent scheme plays a prominent role in attracting talent from abroad.

“The Netherlands has managed to maintain its strong position as a tech ecosystem. It shows that we are still an attractive country for tech talent and that we are moving in the right direction with a focus on deep tech, encouraging more investments, and fostering a strong entrepreneurial community,” said Constantijn van Oranje, special envoy of Techleap. “At the same time, we are not blinded by this relative success, because we see that we are falling behind in a number of crucial value chains due to a lack of money, people, electricity, and focus. In order to compete on a European and global scale and make a greater social and economic impact, our tech companies will have to grow faster.”

Investments in Deep Tech and AI are on the rise globally

In 2023, there were fewer investments globally, though the deeptech industry saw an increase in the share of investments. Additionally, there was a surge in investments in generative AI, which tripled to nearly $200 billion over the past year.

“Startup Genome is pleased to collaborate with Techleap in promoting economic growth and entrepreneurial capacity in the Netherlands,” said Marc Penzel, Founder and President of Startup Genome. “The Netherlands demonstrates tremendous strength and resilience with its growing community of scaling entrepreneurs, and everyone around them who creates the conditions for a globally leading ecosystem.”

End of release

About the Global Startup Ecosystem Report (GSER)

The GSER is known as the world’s most comprehensive dataset on startup ecosystems. It analyses data from more than 4.5 million companies across more than 300 innovation ecosystems. The report provides new insights into global startup trends and ranks the top 40 global ecosystems. It also maps emerging ecosystems and includes an extensive regional ranking.

The report, guided by a consortium of representatives from over 40 countries, examines current startup activities and investments. It offers insights and guidance to public and private leaders on how to stimulate startup communities as engines of job creation and economic growth. Contributions from thought leaders enrich the report’s findings, which have been independently developed by Startup Genome for ten years.

About Techleap

Techleap is a non-profit organisation subsidised by the Ministry of Economic Affairs and Climate Policy. It aims to accelerate the growth of Dutch tech start-ups and scale-ups. Together with the government and other stakeholders, the organisation promotes the environment for technology companies to scale up faster by gathering and sharing knowledge, by improving the conditions in the field of valorization, financing, talent and market access and by strengthening an inclusive community of tech entrepreneurs. This enables the Netherlands to better respond to major societal transitions, securing jobs, and future earning capacity.

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