Tel Aviv has dropped on the StartupBlink Startup Ecosystem Report 2023, falling to number ten on its global ranking of startup city ecosystems, after coming in at number nine last year. The decline could possibly be attributed to a drop in investments in Israel Startup Nation that resulted from the controversy surrounding the plan by Israel’s government to reform its judicial system.
Four of the top five cities on the list were American, with San Francisco coming in at number one. London was number three, Paris nine, Bangalore, India was eight, and two Chinese cities made the top ten.
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The only other Israeli city to even make the top 100 on the list was Jerusalem, which came in at 79th place.
The StartupBlink startup ecosystem map for Tel Aviv Area includes a sample of 1,122 tech companies. They identified as unicorns 23 startups that have passed the $1 billion mark in valuations. Contributing to the vitality of this startup ecosystem, they said, are the 8 pantheon member entities.
Tel Aviv Area has 1122 startups in the sample database which represents about 67% of Israel’s sampled startups. Tel Aviv Area is the highest-ranked startup ecosystem in Israel.
While Tel Aviv Area decreased by 1 spot in its global rank in the Global Startup Ecosystem Index of 2023, its ranking in Israel remained stable at 1 nationally since 2022.
To ensure that the rankings are as accurate as possible, said StartupBlink, they based their algorithm on “objective, quantifiable data” that can be comparatively measured across regions, countries, and cities. They said they refrained from using subjective tools such as surveys and interviews, and instead utilized data that was either accumulated directly from the StartupBlink map or has arrived from integration with a reliable global data partner.
StartupBlink said they allowed as few assumptions as possible regarding cause and effect and focused on one thing: measuring results. They avoided relying on any theoretical models assuming the causes of success for startup ecosystems.
“Our experience in ecosystem consulting shows that no two ecosystems are alike; policies and practices that are successful in one ecosystem can be disastrous in another,” said StartupBlink. “It should be noted that the Index does not measure urban innovation or implementation of advanced policies related to city development. Instead, it focuses on the output of entrepreneurial innovation developed in each location.”
