Latest news with #GlobalStartupEcosystemReport2025
Arabian Post
3 days ago
- Business
- Arabian Post
Malaysia Unveils Ambitious ASEAN Startup Hub
Malaysia has officially unveiled the Startup ASEAN platform during its tenure as ASEAN chair, establishing a fully operational digital gateway designed to unite entrepreneurs, investors and ecosystem enablers across Southeast Asia. The launch—following a developmental blueprint initiated in 2024—unlocks access to regional markets, capital, talent and data, with an aspirational target of onboarding at least 10,000 startups by year-end. The platform's roll‑out represents phase two of the ASEAN Startup Technology Ignite initiative. Development and a soft launch took place in 2024, while the newly announced phase includes capacity‑building programmes and a Startup ASEAN summit. A third phase commencing in 2026 will see the establishment of an ASEAN Centre of Excellence dedicated to early‑stage ventures. Minister of Science, Technology and Innovation Chang Lih Kang described the platform as a 'strategic enabler' born from collaborative efforts among all ASEAN member states. He highlighted its role in bridging fragmented access to finance, talent and market opportunities. At the launch in Putrajaya, he underlined that approximately 5,000 startups have already joined and affirmed the year‑end goal of doubling that number. ADVERTISEMENT ASEAN Secretary‑General Dr Kao Kim Hourn echoed these commitments, stating that the platform exemplifies deeper regional integration and presents 'unprecedented opportunities' through technology. He noted that the platform extends to ecosystem builders and government institutions, reflecting ASEAN's dedication to fostering inclusive innovation. Cradle Fund Sdn Bhd, appointed by Malaysia's MOSTI, is spearheading implementation. Its group chief executive, Norman Matthieu Vanhaecke, emphasised that the platform transcends mere technology: it is designed to generate meaningful partnerships, foster cross‑border initiatives and catalyse growth across the region. He said it will track metrics such as startup onboarding, investment activity and regional collaboration, aiming to involve 2,000 investors and 500 strategic partners by 2025. Dr Kao highlighted the context underpinning this push. Southeast Asia hosts over 680 million people—more than half under 35—with a combined GDP exceeding US$3.9 trillion and a digital economy projected to surpass US$1 trillion by 2030. Kuala Lumpur's leap into the top 20 emerging startup hubs, ranking 18th in the Global Startup Ecosystem Report 2025 by Startup Genome, provided a credible basis for regional leadership. CupTuring beyond connecting stakeholders, the platform is set to host a suite of programmes. Already underway are collaborative initiatives with international partners such as South Korea and China, and plans include additional regional market‑access sessions and mentorship opportunities. The launch event featured a video tour with startup success narratives and a regional market access session, ASEAN CrossConnect, which paired ten seasoned mentors with participating startups. The platform's ecosystem metrics are compelling: as of the launch, more than 4,000 startups and 1,087 investors were registered, contributing to an ecosystem valued at over US$131.2 billion. Governments from less developed ASEAN nations were assured of equal standing on the platform. Chang emphasised its borderless design, allowing any startup with internet access to connect with markets and investors across the region. The Startup ASEAN initiative traces back to 2023, when ASEAN leaders approved a framework empowering Cradle to lead policy development, ecosystem readiness, and cross‑sector partnerships. The recent formal launch marks the first major deliverable of the Ignite initiative under Malaysia's ASEAN chairmanship. Experts view the initiative as a timely response to ASEAN's broader economic integration agenda, reflected in recent high‑level declarations such as the Kuala Lumpur Declaration. The new platform aligns with ASEAN Community Vision 2045, aiming to strengthen innovation, connectivity and socio-economic resilience.
The Sun
4 days ago
- Business
- The Sun
Startup ASEAN Platform a step forward for regional integration – ASEAN sec-gen
PUTRAJAYA: The official launch of the Startup ASEAN platform today marks a transformative step forward in strengthening regional collaboration, serving as a central digital hub for entrepreneurs, investors, governments and ecosystem builders across all ASEAN member states. ASEAN Secretary-General Dr Kao Kim Hourn said the platform reflects ASEAN's strong commitment to deepening regional integration, while opening new opportunities through technology and innovation. 'This platform embodies ASEAN's unwavering commitment to deepening regional integration while unlocking unprecedented opportunities through technology and innovation,' he said in his speech delivered virtually at the launch ceremony here today. Malaysia today launched the Startup ASEAN platform, marking the full-scale rollout of a bold, unified digital gateway to connect and empower startups across ASEAN. Spearheaded by the Ministry of Science, Technology and Innovation (MOSTI) and executed by Cradle Fund Sdn Bhd (Cradle), the platform's regional launch underscores Malaysia's commitment as ASEAN Chair this year to fostering inclusive innovation and economic dynamism across the region. Kao highlighted Malaysia's leadership as ASEAN Chair in implementing the ASEAN Technology Startup Ignite programme, one of the region's key economic deliverables this year. The year-long programme has played an important role in driving startup growth across ASEAN, successfully connecting over 11,000 startups with 5,000 investors and supporting a startup ecosystem now valued at more than US$130 billion. He said the newly launched Startup ASEAN platform builds on this momentum and represents a key initiative that brings together all players in the startup ecosystem under one roof. 'The launch stands as a testament to Malaysia's dedication to building a platform that serves every ASEAN member state, one that champions open innovation, deepens access to capital, and positions ASEAN as a dynamic and interconnected innovation powerhouse,' he added. Kao said Kuala Lumpur's entry into the top 20 emerging startup ecosystems for the first time, ranking 18th in the Global Startup Ecosystem Report 2025 by Startup Genome, further reflects the strong foundation Malaysia has built for its national ecosystem. He added that this recognition also highlights Malaysia's growing influence in elevating the region's innovation landscape. Looking ahead, the ASEAN Secretary-General expressed confidence that the platform, under Malaysia's leadership, will help shape a more inclusive and future-ready ASEAN by fostering startup-friendly policies, enhancing readiness across member states, and promoting meaningful partnerships across the region. He said the timing of the launch was significant, coming just weeks after ASEAN leaders gathered in Kuala Lumpur and adopted the Kuala Lumpur Declaration, which commemorated the 10th anniversary of the ASEAN Community. The declaration reaffirmed ASEAN's commitment to the ASEAN Community Vision 2045, which aims to build a resilient, innovative and people-centred region based on four strategic pillars – political-security, economic, socio-cultural and connectivity. 'In this context, the Startup ASEAN platform is a timely and tangible step forward in shaping an ASEAN that is enterprising, adaptive and equipped to thrive amid global shifts,' he said. Kao concluded by expressing the ASEAN Secretariat's continued support for the initiative and called on all member states to collectively strengthen the regional innovation ecosystem.
Hindustan Times
14-06-2025
- Business
- Hindustan Times
Bengaluru climbs to 14th spot in Global Startup Ecosystem Rankings 2025
Bengaluru has jumped seven spots to secure the 14th position in the Global Startup Ecosystem Report 2025, marking a significant rise in its global standing as a hub for innovation and entrepreneurship. According to a report by news agency PTI, the annual report, prepared by Startup Genome, was released on June 12 at VivaTech, Europe's largest startup and tech conference, being held in Paris. Globally, Silicon Valley retains its top rank, followed by New York City, London, and Tel Aviv, with Boston and Beijing tied at fifth place, the report added. (Also Read: Bengaluru woman witnesses rare 'peaceful accident': 'No fights, just handshakes') According to Startup Genome, Bengaluru's leap was largely powered by four major exits exceeding $1 billion in 2024, with alone valued at $12 billion. The report also notes the city's momentum in AI and Big Data, ranking it #5 globally in that category. Karnataka's IT & BT Minister Priyank Kharge said the report highlights a shifting innovation landscape, with emerging Asian and mid-sized hubs making substantial gains. "Bengaluru's leap cements its transition from a 'rising star' to a top-tier global startup hub, placing it shoulder-to-shoulder with global leaders like Paris (#12), Philadelphia (#13), and **Seattle (#15),' he noted in a statement. The minister attributed the city's rise to a combination of high-value exits, a thriving Deep Tech and AI ecosystem, sectoral consistency, progressive policy, and public investment, alongside a world-class tech talent pool. Startup Genome's 13th annual report is based on data from over five million companies across 350+ cities, and ranks the Top 40 global ecosystems and Top 100 emerging ecosystems. It also analyses innovation trends, investment flows, and policy frameworks worldwide. In Bengaluru, Fintech, Life Sciences, and Cleantech were identified as standout sectors thanks to a dense talent pool, strong infrastructure, and robust startup activity. The Karnataka Digital Economy Mission (KDEM), which partnered with Startup Genome, pointed to the city's structural advantages: successful startup scale-ups like Flipkart and Swiggy, major fundraises like Zepto's $350 million round in 2024, and government investments including $48 million in deep tech and Fund of Funds initiatives. New government-backed initiatives such as ELEVATE 2024 and the Karnataka Accelerator Network are also supporting the state's ambitions to become a global innovation leader. 'Bengaluru's dynamic startup ecosystem, backed by strong government support, global capital, and rising sectors like manufacturing, is propelling Karnataka onto the global map as a premier destination for innovation and entrepreneurship,' said Prashanth Prakash, Chairman of the Startup Vision Group and Founding Partner at Accel. In a parallel development, Pune made a notable jump in the Emerging Ecosystems Ranking (Top 100), climbing from the 91–100 range in 2024 to the 41–50 range this year. The city saw a major exit with being acquired for $2.8 billion. (With PTI inputs)
Economic Times
13-06-2025
- Business
- Economic Times
Bengaluru climbs to 14th place in Global Startup Ecosystem Report 2025
Bengaluru climbed seven spots to be placed as number 14 in the Global Startup Ecosystem Report 2025, prepared by Startup Genome, a global innovation ecosystem development Valley tops the list, followed by New York City, London and Tel Aviv. Boston and Beijing are tied for fifth place."Bengaluru recorded strong growth, climbing seven spots to rank #14 in the Global Startup Ecosystem Ranking 2025, driven by four major exits exceeding USD1 billion in 2024, with leading at a USD12 billion valuation," stated the Kharge, Karnataka's Minister of IT & BT and Science & Technology, said in a statement issued by his office on Friday, that the 2025 edition of the report highlights a significant power shift in global innovation, with rising Asian and mid-sized hubs making strong gains."Bengaluru's leap cements its transition from a "rising star" to a top-tier global startup hub, placing it shoulder-to-shoulder with global leaders like Paris (#12), Philadelphia (#13) and Seattle (#15)," he said. According to him, this surge has been powered by high-value exits, a thriving Deep Tech and AI boom, sectoral consistency, progressive policy and public investment and an exceptional tech talent base. He also pointed out that Bengaluru is now ranked #5 globally in AI and Big Data Startup Ecosystem Report 2025 was released on June 12 at VivaTech, Europe's biggest startup and tech event being held in Paris until June one of the comprehensive reports on startup ecosystems, Global Startup Ecosystem Report, now in its 13th year, has analysed data from over five million companies across 350-plus cities, according to Startup Genome website."This year's edition ranks the Top 40 global startup ecosystems and Top 100 emerging ecosystems, and delivers data-driven insights on innovation trends, investment flows, and evidence-based policy strategies from around the world," Francis Walther, Manager, Operations & Communication, Startup Genome, is quoted as saying in a press release issued by Startup Life Sciences, and Cleantech sectors stand out in Bengaluru for their robust talent density, strong support infrastructure, and thriving startup activity, the report to Karnataka Digital Economy Mission (KDEM), which has partnered with Startup Genome for the report, Bengaluru offers companies structural advantages, including a strong track record of scaling startups like Flipkart and Swiggy, major funding activity such as Zepto's USD 350 million raise in has also pointed to recent government investments of USD 48 million toward deep tech and Fund of Funds initiatives as well as new programs like ELEVATE 2024 and the Karnataka Accelerator Network for the vibrant ecosystem for startups in Bengaluru. "Bengaluru's dynamic startup ecosystem, backed by strong government support, global capital, and rising sectors like manufacturing, is propelling Karnataka onto the global map as a premier destination for innovation and entrepreneurship," Prashanth Prakash, Chairman of the Startup Vision Group for the Government of Karnataka and Founding Partner, Accel, is quoted as saying in Startup Genome's press release. In the Emerging Ecosystems Ranking 2025 (TOP 100), Pune too moved up significantly from the 91-100 range in 2024 to the 41-50 range this year. The ecosystem saw a billion dollar exit with retail startup being acquired for USD 2.8 billion.
Time of India
13-06-2025
- Business
- Time of India
Bengaluru ranks 14 in top 20 startup ecosystems: Report
Bengaluru: Bengaluru is ranked 14th among the top 20 global ecosystems, an impressive improvement of seven positions from last year, according to the Startup Genome's Global Startup Ecosystem Report 2025. Silicon Valley, New York City, and London secured the top three positions, followed by Tel Aviv in fourth place, with Boston and Beijing tied for fifth. Startup Genome defines ecosystem value as the sum of valuations of funded startups, including unicorns, plus the post-money valuation of exits in the past two and a half years. Globally, the total value of exits decreased by 4%, and the number of exits decreased by 9% compared with 2023. Across last year's top 40 ecosystems, the total count of large exits decreased by a troubling 31%—and for the aggregate of all ecosystems in our database, the decline was 40%. In 2024, the ecosystem experienced a remarkable surge in billion-dollar exits. Food delivery giant Swiggy made its public debut with a $12 billion valuation, marking one of India's largest IPOs. Insurance innovator GoDigit followed with a $3.6 billion public listing, while digital health commercialisation firm Indegene reached a valuation of $1.3 billion. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Giao dịch CFD với công nghệ và tốc độ tốt hơn IC Markets Đăng ký Undo Logistics leader Blackbuck, transforming India's freight industry, closed the year with a $1 billion IPO. These milestones were not isolated events but reflected a deepening and maturing ecosystem, which saw its total value soar to $136 billion in 2024. India, the report said, secured $38 billion in total VC funding between 2020 and 2024, underscoring investor confidence in its innovation pipeline. Even amid global headwinds, Bengaluru startups raised $268 million in seed funding in 2024 alone—a 26% increase from the previous year. Deal activity remained healthy, growing by 4% year-over-year to hit 114. This reflects a robust early-stage pipeline supported by more than 1,500 venture capital firms, more than 2,200 corporate venture investors, and a flourishing community of 17,000 angel investors. Bengaluru now ranks 5th among the Top 50 AI cities globally, and AI & big data have emerged as the most resilient and forward-moving sector, with increases in both deal volume and funding in recent years. "Bengaluru is building a platform where corporations, researchers, startups, and policymakers can co-create the future—not just for India, but for the world. Bengaluru's next chapter will be written in deep code, hard science, and global collaboration," said Ravi Narayan, president, Middle East & South Asia, Startup Genome. Follow more information on Air India plane crash in Ahmedabad here . Get real-time live updates on rescue operations and check full list of passengers onboard AI 171 .
