CrunchBase, the world’s most relied upon business information platform, and Startup Genome (formerly Compass research), creator of the largest body of research on startup ecosystems based on the Voice of Entrepreneurs, announce the kickoff of the 2016 project. Even more ambitious than in 2015, 20,000 startups founders from more than 100 cities are expected to participate in Startup Genome’s global report, along with more than 200 local organizations in 50 member cities.
Beginning today, startups around the world are completing the Startup Ecosystem 2016 survey to assess resource gaps in their ecosystem. They will also benchmark their individual startup results with their relevant peers to identify real issues and improve decision-making.
“Our mission is to increase the success rate of startups by fueling the growth of startup ecosystems all over the world,” said JF Gauthier, President of Startup Genome.
This announcement comes at a critical time for the economy of many cities and countries because some startup ecosystems are accelerating while others are at risk of being left behind. It is especially important given the groundbreaking study by Kauffman Foundation showing that startups are the #1 source of job creation.
Startup Genome now works directly with its local member organizations, using its knowledge to drive local actions that are proven to accelerate the growth of startup ecosystems. It also provides needed exposure to all member ecosystems through the Global Startup Ecosystem Ranking and related reports, the most widely read report series of its kind. They have reached more than 250,000 global investors, entrepreneurs and other stakeholders directly, and millions more through hundreds of articles in major and local media (e.g. WSJ, Bloomberg, The Economist, etc.) and references by the Obama administration, German Chancellor Merkel and others.
“The startup revolution is truly global–amazingly so. The number of startups is growing rapidly everywhere, but the problem is in many ecosystems, the attrition rate is abnormally high. Many startups fail due to external factors–out of the control of entrepreneurs–such as a lack of funding, technical talent, and scaling expertise,” continued JF Gauthier.
“Resource gaps in each city can be impacted by the leaders of supporting organizations if we work together. It is our responsibility to do so, and together with our members we have decided to start acting now to do our part. Join us!” added Marc Penzel, COO of Startup Genome.
“Supporting startups with insight into investments and trends for hundreds of thousands of companies globally is central to CrunchBase’s mission,” said CrunchBase Head of Operations Matt Kaufman. “Partnering with the Startup Ecosystem Report will further the analysis of the growth and strengths of these ecosystems.”
The Global Startup Ecosystem Ranking 2015 included information on Silicon Valley, New York City, Los Angeles, Boston, Tel Aviv, London, Chicago, Seattle, Berlin, Singapore, Paris, Sao Paulo, Moscow, Austin, Bangalore, Sydney, Toronto, Vancouver, Amsterdam and Montreal. The 2016 report will explore 50 cities. In addition to the data collection, interviews with local leaders are conducted with the help of both government and private enterprise partners. Many of these efforts are already underway.
The report is expected to be published in January 2017.
PS: Participate in the survey in the survey here: https://www.research.net/r/global-startup-ecosystem-survey?partner=city_of_toronto