Israel-based StartupBlink published its Global Startup Ecosystem Report for 2022.
According to the report Armenia has demonstrated a significant improvement by moving 5 spots up to be ranked at 60th globally. It continues to be 1st in the Caucasus region.
In 2022, Yerevan entered the top 250 city ranking globally. Yerevan has seen a major jump, improving by 38 spots to 244th globally. This increase pushed Yerevan up the ladder in Eastern Europe, where it is now ranked 19th, versus 29th in 2021.
In 2021, the tech sector in Armenia flourished, with new investments fueling growth.
The country’s first unicorn, Picsart, recently reached a US$1 billion valuation. Moreover, the Armenian startup scene has seen growth in terms of entrepreneurship and tech development.
A strong and successful Armenian diaspora is also supporting the Armenian economy, and several highly successful American entrepreneurs of Armenian origin, like Reddit founder Alexis Ohanian, are working to boost the local startup ecosystem.
Armenian startups are built to target the global market from inception due to the small market size of the country. Armenia has a population of only 3 million people, but offers a sizable amount of tech talent.
Additionally, the Armenian government does a great job of supporting tech startups, including tax incentives. To support foreign investment, Armenia established Free Economic Zones and full ownership among other incentives under the legal framework On Foreign Investments. During the past few years, Armenia made significant progress in reducing bureaucracy and corruption.
The top global 10 startup ecosystems are as follows:
1. United States
2. United Kingdom
3. Israel
4. Canada
5. Sweden
6. Germany
7. Singapore
8. Australia
9. France
10. China
Find out more details in the report here.
https://t.me/threenstartups
#startupblink #globalstartupecosystemreport #globalstartupecosystemreport2022
According to the report Armenia has demonstrated a significant improvement by moving 5 spots up to be ranked at 60th globally. It continues to be 1st in the Caucasus region.
In 2022, Yerevan entered the top 250 city ranking globally. Yerevan has seen a major jump, improving by 38 spots to 244th globally. This increase pushed Yerevan up the ladder in Eastern Europe, where it is now ranked 19th, versus 29th in 2021.
In 2021, the tech sector in Armenia flourished, with new investments fueling growth.
The country’s first unicorn, Picsart, recently reached a US$1 billion valuation. Moreover, the Armenian startup scene has seen growth in terms of entrepreneurship and tech development.
A strong and successful Armenian diaspora is also supporting the Armenian economy, and several highly successful American entrepreneurs of Armenian origin, like Reddit founder Alexis Ohanian, are working to boost the local startup ecosystem.
Armenian startups are built to target the global market from inception due to the small market size of the country. Armenia has a population of only 3 million people, but offers a sizable amount of tech talent.
Additionally, the Armenian government does a great job of supporting tech startups, including tax incentives. To support foreign investment, Armenia established Free Economic Zones and full ownership among other incentives under the legal framework On Foreign Investments. During the past few years, Armenia made significant progress in reducing bureaucracy and corruption.
The top global 10 startup ecosystems are as follows:
1. United States
2. United Kingdom
3. Israel
4. Canada
5. Sweden
6. Germany
7. Singapore
8. Australia
9. France
10. China
Find out more details in the report here.
https://t.me/threenstartups
#startupblink #globalstartupecosystemreport #globalstartupecosystemreport2022
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