Global Startup Ecosystem Report puts NZ in ‘top 10’ for agtech, new food startup ecosystems
New Zealand ranks in the Top 10 for Agtech & New Food in the largest global report about startup success and how regions can develop thriving startup ecosystems.
SAN FRANCISCO, Calif. — The 2019 Global Startup Ecosystem Report (GSER) has been launched 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.
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.
Ministry of Business, Innovation and Employment engaged Startup Genome to benchmark New Zealand against more than 50 ecosystems globally.
New Zealand’s #GSER2019 highlights:
- Top 10 Global Ecosystem for Agtech & New Food
- Top 5 Activation Ecosystem for Life Sciences
- Created $1.4b in Ecosystem Value with $150m in early stage funding over last 2.5 years
- Regional sub-sector strengths are Life Sciences, and Agtech & New Food
This year, #GSER2019 looks at trends among startup ecosystems in areas such as funding and talent. It also examines the growth and decline of sub-sectors, both globally and in individual ecosystems.
One key finding shows that Deep Tech startups — those relying heavily on intellectual property — are the fastest-growing group globally. The four fastest-growing Startup Sub-Sectors are Advanced Manufacturing & Robotics, Blockchain, Agtech & New Food, and Artificial Intelligence (AI). By contrast, Startup Sub-Sectors showing decline are Edtech, Digital Media, Gaming, and Adtech.
Key overall highlights from the #GSER2019 include:
- There is no “next” Silicon Valley — instead, there are 30 startup ecosystems around the world that will soon lay claim to a parallel vibrancy and economic productivity.
- Movement within top 30 ranking: Paris cracked the top 10, moving up two spots to #9 overall; Amsterdam-StartupDelta moved up four spots to #15 overall; San Diego and Washington, D.C. cracked the top 20 for the first time.
- While early-stage funding for startups has more than doubled since 2011-12, it has risen by a factor of 8 in Agtech & New Food — and quadrupled in AI.
“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.”
To learn about more than 50 entrepreneurial ecosystems across the world download the full report here.
