The Labour Fund “Tamkeen”: — The 2019 Global Startup Ecosystem Report (GSER) has launched today at The Next Web Conference. The GSER is the world’s most comprehensive and widely-read research on startups based on data from thousands of startup founders and research on millions of companies.
Tamkeen engaged Startup Genome to benchmark Bahrain against more than 50 ecosystems globally in 2019’s GSER. Bahrain’s #GSER2019 highlights:
- Bahrain, a top 10 ecosystems with largest share of female founders
- Top 15 Global Ecosystem for availability of qualified talent
- Created $594m in Ecosystem Value
- Wage support and a liberal tax regime are cited as reasons a startup should move to Bahrain
- Regional sub-sector strength in Fintech
Featuring new and exclusive content, the 2019 GSER provides insights and guidance to public and private leaders in dozens of countries and cities — from Bahrain to New Zealand— about how to cultivate vibrant startup ecosystems. The report outlines key success factors for startups, constituting the new science for entrepreneurial ecosystem development.
Bahrain was, also, highlighted among the top performing ecosystems among countries from Europe and the Middle East to look out for in terms of FinTech.
Commenting on this, Tamkeen Chief Executive Dr Ebrahim Mohammed Janahi praised Bahrain’s global achievements in demonstrating a supportive startup ecosystem.
“The Kingdom of Bahrain offers extensive opportunities for startups and showcases many success stories as a unique model of starup ecosystem that focuses on supporting both human and business development as well as promoting investment opportunities within the country”, Dr Janahi said.
“The GSER report is the world’s most comprehensive and practical research on startup success and ecosystem performance. It is a well based opportunity to stress Bahrain’s global performance in the startup ecosystem and the role the Kingdom has played in promoting and facilitating a fast-growing ecosystem in line with Kingdom’s leadership promising vision for a sustainable economic development”, he added.
“As our economies transition to the fourth industrial revolution, we — communities driving the global startup revolution — have a major role to play,” said JF Gauthier, Founder and CEO of Startup Genome. “Not only can startup ecosystems act as the top engine of job creation and economic growth, but our startups can also help solve many of our society’s biggest challenges including climate change and inequality.”
Find out how more than 50 entrepreneurial ecosystems across the world stack up and download the full report here: https://startupgenome.com/gser2019
Startup Genome works to enhance startup success and ecosystem performance everywhere. Our mission and impact are rooted in over a decade of independent research with data on over a million companies across 150 cities. Working side-by-side with more than 300 partner organizations, our frameworks and methodologies have become instrumental in building foundations for startups to grow. Our efforts earned us the Research Champions award at the Global Entrepreneurship Congress 2019. Many of the world’s leading governments and innovation-focused organizations have joined our knowledge network to cut through the complexities of startup ecosystem development and fuel sustained economic growth. Considered the new science of startup ecosystem assessment, we point to key gaps in startup ecosystems and prioritize actions to take in addressing them. Together with global thought leaders, we define robust strategies and implement programs to drive lasting change. Join us and boost startup success, economic growth, and job creation in your region. Follow our work at startupgenome.com or find us at Facebook, Twitter, and LinkedIn.
© Press Release 2019