Startup Genome and Hub71 launch 2023 Global Startup Ecosystem report

Startup Genome and Hub71 launch 2023 Global Startup Ecosystem report

Abu Dhabi has been recognised as a leading ecosystem in the Middle East and North Africa (MENA) in the 2023 Global Startup Ecosystem Report (GSER) by Startup Genome and the Global Entrepreneurship Network, launched today at The Next Web Conference in Amsterdam.

Hub71, Abu Dhabi’s global tech ecosystem, has partnered with Startup Genome to recognise the UAE capital’s entrepreneurial ecosystem in the #GSER2023 —

- Abu Dhabi witnessed the sixth fastest growth globally and the biggest in MENA

- Abu Dhabi created $3,925,281,571 in ecosystem value from Jul 01, 2020 to Dec 31, 2022, representing 134 percent growth from the previous period. Ecosystem value is a measure of economic impact, calculated as the value of exits and startup valuations

- Top 5 MENA Ecosystem in 'Bang for Buck’ — measures the amount of runway tech startups acquire, on average, from a VC round

- Top 5 MENA Ecosystem in Talent and Experience — measures long-term trends over the most significant performance factors and the ability to generate and keep talent in the ecosystem

- Top 5 MENA Ecosystem in Funding — measures innovation through early-stage funding and investor’ activity

- Top 5 MENA Ecosystem in Performance — measures the size and performance of an ecosystem based on