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The Kingdom of Bahrain ranked among the top ten in the 2021 Global Startup Ecosystem Report (GSER) – one of the world’s most comprehensive and widely-read research on startup ecosystems. The report is published annually by the world-leading policy advisory and research organization Startup Genome in cooperation with the Global Entrepreneurship Network (GEN).
The published report includes an international rating in the field of entrepreneurial innovation, with 280 entrepreneurial innovation ecosystems and 3 million startups analyzed.
The latest version of the report has been officially announced globally today (September 22, 2021) during the London Tech Week 2021.
The report includes a ranking of the top 140 ecosystems around the world, divided by region and continent, with insights and analytical articles for international leaders and economists.
The Kingdom of Bahrain’s ecosystem has been thoroughly studied in the report and has been distinguished prominent in many economic fields. According to the report, the Kingdom of Bahrain has emerged among the top 10 ecosystems with qualified technical talents in the MENA region and is among the top 15 on the Bang for Buck ecosystems - which measures the average amount of venture capital of startups working in the technology sector.
The report also refers to the Kingdom's ranking among the top 15 ecosystems in the MENA region in terms of having talent and experience with ability to generate and keep talent in the ecosystem.
The report also considers Bahrain’s ecosystem among the top 15 in Performance in the MENA region, which measures the size and performance of an ecosystem based on the accumulated tech startup value created from exits and funding.
The Kingdom has also been included in the top 15 knowledge ecosystems in the MENA region, measuring innovation through research and patent activity.
On this occasion, Tamkeen Chief Executive HE Mr Husain Mohamed Rajab praised Bahrain’s global progress and performance in the latest issue of the Global Startup Ecosystem Report.
“The report reflected Bahrain’s prominent ranking as a supportive startup ecosystem. In addition to its advanced positions in a number of economic aspects, an attractive business environment, a highly skilled workforce & a low cost of living are cited as reasons a startup should move to Bahrain,” Mr. Rajab explained.
“The Fintech sector is, also, highlighted for its density of talent, support resources, and startup activity, promoting and facilitating a fast-growing ecosystem in line with the Kingdom’s promising vision for a sustainable economic development,” he added.
“Entrepreneurs, policymakers, and community leaders are working hard all over the world to build productive and inclusive technology 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.”
Discover how more than 140 entrepreneurial ecosystems across the world stack up and view the full report here: https://startupgenome.com/report/gser2021
ABOUT STARTUP GENOME
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.
ABOUT TAMKEEN
Tamkeen is a public authority established in 2006 as one of the main pillars of his Majesty King Hamad bin Isa Al Khalifa to reform the labor market with the main aim of supporting the development of the private sector to be the main engine of economic and sustainable growth. Tamkeen has two primary objectives – to first foster the development and growth of enterprises, and second to provide support to enhance the productivity and training of the national workforce.
In addition, Tamkeen emphasizes on promoting the culture of productivity within the economic sphere which allows enterprises to boost their growth and simultaneously create job opportunities.
© Press Release 2021
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