Hyderabad: Hyderabad has secured a spot in the list of best cities for startup ecosystems in Asia.
The ‘2024 Global Startup Ecosystem Report’ by Startup Genome, a US startup research firm, which surveyed 300 cities across 100 nations, also included five other Indian cities among the best destinations for startup ecosystems on the continent.
The assessment is based on the following five criteria:
- Performance
- Funding
- Talent and experience
- Market reach
- Knowledge
Singapore tops the list
The list of the top 30 Asian cities is topped by Singapore. Globally, it ranked seventh.
Its global rank improved from eighth in 2023. In earlier years, the city’s global ranks were 16th, 17th, and 18th in 2020, 2021, and 2022, respectively.
AI-powered platform to strengthen startup ecosystem launched in Hyderabad
The global list is topped by Silicon Valley in the US, followed by New York and London, which were jointly ranked second.
Is Hyderabad on list of best cities for startup destinations in Asia in 2023?
Following is the list of the top 20 startup ecosystems globally:
- Silicon Valley
- New York City
- London
- Tel Aviv
- Los Angeles
- Boston
- Singapore
- Beijing
- Seoul
- Tokyo
- Shanghai
- Washington, D.C.
- Amsterdam-Delta
- Paris
- Berlin
- Miami
- Chicago
- Toronto-Waterloo
- San Diego
- Seattle
Hyderabad in list of top 30 best cities for startup ecosystem in Asia
In the list, Hyderabad ranked 19th, whereas Bengaluru secured the sixth spot.
Following is the list of the top 30 best cities for startup ecosystems in Asia:
- Singapore
- Beijing
- Seoul
- Tokyo
- Shanghai
- Bengaluru
- Delhi
- Shenzhen
- Hangzhou
- Mumbai
- Hong Kong
- Jakarta
- Guangzhou
- Wuxi
- Nanjing
- Kuala Lumpur
- Taipei City
- Chennai
- Hyderabad
- Chengdu
- Bangkok
- Wuhan
- Manila
- Kansai Region
- Ho Chi Minh City
- Pune
- Tianjin
- Xiamen
- Busan
- Hanoi
Additionally, Hyderabad has been ranked in the list of best emerging ecosystem cities in Asia and globally. Emerging ecosystems are startup communities at earlier stages of growth.
