Global Startup Ecosystem Report
Startup Genome and Sharjah Entrepreneurship Center (Sheraa) launch the largest global report about how regions can develop thriving startup ecosystems
June 28, 2020 – Sharjah, United Arab Emirates: Sharjah has ranked the top in high growth activation phase ecosystems in the newly launched Global Startup Ecosystem Report (GSER), marking a milestone in the emirate’s journey towards becoming a thriving global startup hub.
In line with the Sharjah Entrepreneurship Center’s mandate to put Sharjah on the map as an entrepreneurial hub locally and internationally, Sheraa has partnered with Startup Genome, the world’s leading policy advisory and research organization for governments and public-private partnerships, to benchmark Sharjah’s entrepreneurial performance and contribute towards the 2020 GSER, powered by Startup Genome and the Global Entrepreneurship Network.
Launched at the Ecosystems Couch Conference on June 25, the GSER is the world’s most comprehensive and widely read research on startups with 250 ecosystems studied, a ranking of the top 30 and 10 runner up global ecosystems, and a top 100 ranking of emerging ecosystems as well as a ranking of high-growth ecosystems based on the Ecosystem Lifecycle Model.
Najla Al Midfa, CEO of Sheraa, said, “It is a proud moment for Sheraa, and Sharjah, to be recognized as a top high-growth ecosystem by Startup Genome. This achievement is a testament to our dedicated efforts over the past five years to cultivate a world-class entrepreneurship ecosystem. We look forward to further advancing Sharjah’s reputation as a vibrant startup hub – one that is home to high-impact ventures that contribute to our communities and the growth of our economy.”
The 2020 GSER cites Sharjah’s commitment to research & innovation, the access to high-calibre talent through the University City, and the presence of regional sub-sector strengths such as education technology and the creative economy, as key assets in the Sharjah ecosystem.
Sharjah also ranks as among the Top 20 in Africa and Middle East for “Bang for Buck” and the Top 30 Africa & Middle East Ecosystems for Affordable Talent.
“This is the time for policymakers, community leaders, and foundations to double down on their support of local startups — the #1 engine of job creation and economic growth,” said JF Gauthier, Founder & CEO of Startup Genome. “The GSER is the foundation of global knowledge where we, as a network, come together to identify what policies actually produce economic impact and in what context.”
With an expanding footprint, the 2020 GSER provides insights and guidance to public and private leaders about how to foster thriving startup ecosystems, particularly forwarding the conversation on how governments can support and leverage tech ecosystems to restart stalling economies recovering from the COVID-19 lockdowns.
About Sheraa (Sharjah Entrepreneurship Center):
Sharjah Entrepreneurship Center (Sheraa) was launched in January 2016 to support and grow early stage, tech-enabled ventures. It is the first step of the entrepreneurial journey, supporting founders as they develop their ideas, build and launch their initial products, and become investment-ready. Sheraa also provides a soft-landing offering to established tech startups that want to build a presence in Sharjah, helping to transform the emirate into a thriving entrepreneurship hub.
Sheraa – meaning ‘Sail’ in Arabic – is cultivating an entrepreneurial culture that empowers founders to improve their communities and change the world.
Sheraa, a non-profit government organization, is headquartered at the American University of Sharjah and hosts a thriving community of ambitious entrepreneurs. The second Sheraa hub, launched in September 2018, is located at the University of Sharjah.
Since its inception, Sheraa has successfully built a community of over 10,000 entrepreneurs and ecosystem players. Over 100 startups have graduated from Sheraa’s programs, generating over $60 million in revenue and raising over $85 million in investment. In addition, Sheraa startups have created over 1000 jobs.
About Startup Genome
Startup Genome’s mission is to enhance startup success and ecosystem performance everywhere. Startup Genome is the world’s leading policy advisory and research organization for governments and public-private partnerships. Its impact is rooted in the world’s largest entrepreneurship research with data on over a million companies across 250 cities
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