Bahrain ranks among top 10 performing MENA ecosystems in Global Startup Ecosystem Report

Bahrain ranks among top 10 performing MENA ecosystems in Global Startup Ecosystem Report

The Kingdom of Bahrain ranked among the top ten performing ecosystems in MENA in the 2022 Global Startup Ecosystem Report (GSER), moving up from ranking among the top 15 in last year’s report. The report is one of the world’s most comprehensive, data-driven research on startup ecosystems, and it is published annually by the world-leading policy advisory and research organization Startup Genome in cooperation with the Global Entrepreneurship Network (GEN).

Bahrain’s ecosystem was evaluated resulting in its distinction across various indicators, a testament to the recent successes achieved by Bahrain-based startups and scaleups. It ranks among the top 10 MENA and emerging ecosystems in funding and experienced local talent, and was recently recognized for its strides in blockchain, in addition to its previous performance in fintech. Bahrain was also positioned in the top 15 spots on the Bang for Buck ecosystems - which measures the average amount of venture capital of startups working in the technology sector.

This year, the Kingdom of Bahrain made progressive jumps in its rankings despite having more ecosystems to compete against. Bahrain’s ecosystem is steadily moving towards maturity as its total valuation increased by four folds this year- from under$100 M (BD 376,000) to $564 M (BHD