2021 Global Startup Ecosystem Report: Closeup on Europe Launched by Startup Genome and Global Entrepreneurship Network
Global rankings and insights in world’s most comprehensive startup ecosystems report finds Europe startup ecosystems created early-stage investment of over $30 billion, a 40% increase
24 Sep 2021

SAN FRANCISCO, Calif. — SEPTEMBER 23, 2021 — The 2021 Global Startup Ecosystem Report (GSER) launched yesterday at London Tech Week, introduced by JF Gauthier of  Startup Genome and Jonathan Ortmans of the Global Entrepreneurship Network (GEN). The  GSER is the world’s most comprehensive and widely-read research on startups with 280  entrepreneurial innovation ecosystems and 3 million startups analyzed. 

Key highlights on Europe from the #GSER2021 include: 

● Europe takes three out of the Top 5 spots when it comes to Connectedness (London, Berlin, and Amsterdam). 

● The number of billion dollar exits tripled in 2020 (from 3 to 9). 

● The average ecosystem value created by European startup ecosystems is $6.3 billion, the highest after North America. 

The Europe Close Up includes a focus on: United Kingdom, France, Germany, Netherlands, Sweden, Switzerland, Spain, Denmark, Belgium, Finland, Ireland, Turkey, Italy, Estonia, Russia, Norway, Austria, Lithuania, Hungary, Portugal, Czechia, Belgium, Luxembourg, Romania,

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Portugal, Ukraine, Poland, Greece, Croatia, Latvia, Iceland, Bulgaria, Malta, Serbia, Slovakia, Slovenia, Belarus, Macedonia (FYROM), Guernsey, Moldova, Albania, Bosnia and Herzegovina. 

The Report ranks the leading 140 ecosystems, breakdowns by continent with regional insights, and founder-focused articles from thought leaders and experts around the world. Since 2012, this research effort has provided rich insights and guidance to public and private leaders on how to cultivate thriving startup ecosystems and support local startups — the #1 engine of job creation and economic growth. 

“Entrepreneurs, policymakers, and community leaders in Europe have been working hard to build inclusive innovation ecosystems that are engines of economic growth and job creation for all,” said JF Gauthier, Founder & CEO of Startup Genome. “The Global Startup Ecosystem Report is the foundation of knowledge where we, as a global network, come together to identify what policies actually produce economic impact and in what context.” 

The #GSER2021 benchmarks startup ecosystems on seven Success Factors, including Performance and Talent. Despite a turbulent year for many, the top five global startup ecosystems maintain their reign at the top, with Silicon Valley in the #1 position, followed by New York City and London tied for #2 for the second year in a row. Beijing and Boston follow at #4 and #5, respectively.

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North America continues to dominate the Global Rankings, with 50% of the Top 30 ecosystems coming from this region, followed by Asia with 27% and Europe with 17% of the top performing ecosystems globally. Among the top 40, four ecosystems have climbed the ranks. Philadelphia moved up by an impressive 15 ranks from #43 last year to #28 while Toronto-Waterloo, Seoul, and Montreal have climbed 4 ranks to respectively reach the 14th, 16th and 35th rank. 

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“We are delighted to be partnering with Startup Genome for the launch of the Global Startup  Ecosystem Report (GSER-2021) highlighting the growing reputation of Ireland'sMid-East Region  as a thriving startup and scaleup ecosystem, particularly for Agtech and Food-Related  Companies such as Devenish, Hexafly and Complex Nutrition” said Gary O’Meara, CEO Meath  Enterprise, Co-Founder & CEO of the Boyne Valley Food Innovation District and Managing  Director of Global Entrepreneurship Network (GEN) Ireland. 


Startup Genome’s mission is to enhance startup success and ecosystem performance everywhere. Startup Genome is the world’s leading policy advisory and research organization for governments and public-private partnerships. Its impact is rooted in the world’s largest entrepreneurship research with data on over three million companies across 280 cities. Learn how Startup Genome accelerates global startup ecosystems by contacting Adam Bregu at adam@startupgenome.com and on startupgenome.com, LinkedIn, Twitter. 


The Global Entrepreneurship Network operates a platform of projects and programs in 180+ 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. Learn more about GEN at genglobal.org and by 

following us on Twitter, Facebook, Instagram and LinkedIn. 


Conor Cogan

Projects Coordinator | Meath Enterprise