Latest news with #GSER
New Indian Express
16 hours ago
- Business
- New Indian Express
Bengaluru ranks 14 in global startups, fifth in AI and big data
BENGALURU: Bengaluru has jumped seven spots to rank 14 in the Global Startup Ecosystem Report (GSER) 2025, up from 21 last year. The city ranked fifth globally in AI & Big Data. The GSER 2025, published by Startup Genome and released at VivaTech 2025 in Paris, evaluates ecosystems across key parameters, performance, funding, market reach, talent and experience, and knowledge along with a new focus on AI-native capabilities. At VivaTech 2025, Karnataka IT-BT Minister Priyank Kharge spoke at a high-level panel discussion on AI disruption and startup ecosystem futures. 'This ranking is not just a number; it reflects the structural resilience and readiness of Karnataka's innovation economy,' Kharge stated. He detailed Karnataka's multi-pronged strategy; including Innoverse open innovation platform, Beyond Bengaluru regional startup mission, and Nipuna Karnataka, a skilling initiative targeting over a million professionals. The state is also fostering enterprise-startup collaboration via its growing Global Capability Center (GCC) network and supporting Deep Tech with dedicated funding for AI, biotech and robotics. Bengaluru now stands shoulder-to-shoulder with global hubs like Paris (rank 12), Philadelphia (13), and Seattle (15), marking a significant shift in global innovation trends and placing Karnataka firmly on the global Deep Tech map.
New Straits Times
18 hours ago
- Business
- New Straits Times
KL ranks 18th in emerging startup ecosystems, historic first for Malaysia
KUALA LUMPUR: Kuala Lumpur has entered the Top 20 Emerging Startup Ecosystems, a historic first for Malaysia, after ranking 18th in the Global Startup Ecosystem Report (GSER) 2025 by Startup Genome. The Science, Technology and Innovation ministry (MOSTI), in a statement yesterday, said this milestone reflects the tangible results of Malaysia's coordinated national innovation agenda, with strategic startup ecosystem programmes and capital mobilisation efforts now showing a measurable impact. It stated that the GSER, considered the world's most comprehensive analysis of startup ecosystems, evaluates over 300 cities across more than 100 countries. It highlights Kuala Lumpur's progress across performance, funding, talent development and, most notably, market reach. MOSTI said Startup Genome noted that early-stage funding in Kuala Lumpur reached RM1.5 billion (US$368 million) over the past two and a half years, an increase of over 40 per cent from the previous cycle – a clear indicator of rising investor confidence and ecosystem momentum. The ministry said the country's growing global recognition in innovation is driven by its maturing ecosystem, guided by the long-term Ekonomi MADANI policy. Central to this progress are two key national strategies: the Malaysia Startup Ecosystem Roadmap (SUPER), launched in 2021, and the KL20 Action Plan, introduced in April 2024. According to Science, Technology and Innovation Minister Chang Lih Kang, the progress reflects years of deliberate policy design and institution-building under SUPER, which laid the foundational infrastructure for growth across capital formation, talent development, and regulatory frameworks. "Kuala Lumpur's entry into the Top 20 Emerging Ecosystems marks a significant leap forward from its previous placement in the 21-30 band between 2022 and 2024, underscoring the momentum achieved through policy coherence and stakeholder alignment. "A key contributor to this rise was the marked improvement in the city's Market Reach score – jumping from two to 10, which reflects the growing ability of Malaysian startups to access international markets, scale beyond domestic borders, and compete globally. "Under MOSTI's leadership and with Cradle Fund as our focal point agency, we are collaborating closely with public and private sector partners to elevate the nation's startup ecosystem, empower founders, and position Malaysia as a destination of choice for global startups, talent, and investors," he said in the statement. In this year's report, Startup Genome highlighted ecosystem performance, talent depth, capital availability, and market reach as key drivers of Kuala Lumpur's improved standing. This includes a 44 per cent rise in early-stage funding from US$255 million to US$368 million, a 22 per cent increase in total venture capital funding that reached US$3.3 billion, and a surge in the market reach score from two to 10. With over 4,400 startups supported under the national MYStartup Single Window initiative ( Malaysia's innovation ecosystem is rapidly transitioning from promise to performance. The government is now setting its sights on the next milestone: positioning Malaysia among the Top 20 Global Startup Ecosystems by 2030.– BERNAMA
The Sun
19 hours ago
- Business
- The Sun
KL ranks 18th in Emerging Startup Ecosystems, historic first for Malaysia
KUALA LUMPUR: Kuala Lumpur has entered the Top 20 Emerging Startup Ecosystems in a historic first for Malaysia after ranking 18th in the Global Startup Ecosystem Report (GSER) 2025 by Startup Genome. The Ministry of Science, Technology and Innovation (MOSTI), in a statement, said the milestone reflects the tangible results of Malaysia's coordinated national innovation agenda, with strategic startup ecosystem programmes and capital mobilisation efforts now showing measurable impact. It stated that the GSER, considered the world's most comprehensive analysis of startup ecosystems, evaluates over 300 cities across more than 100 countries, and highlights Kuala Lumpur's progress across performance, funding, talent development and most notably, market reach. MOSTI said Startup Genome noted that early-stage funding in Kuala Lumpur reached RM1.5 billion (US$368 million) over the past two and a half years, an increase of over 40 per cent from the previous cycle - a clear indicator of rising investor confidence and ecosystem momentum. The ministry said the country's growing global recognition in innovation is driven by its maturing ecosystem, guided by the long-term Ekonomi MADANI policy. Central to this progress are two key national strategies - the Malaysia Startup Ecosystem Roadmap (SUPER), launched in 2021, and the KL20 Action Plan, introduced in April 2024. According to Science, Technology and Innovation Minister Chang Lih Kang, the progress reflects years of deliberate policy design and institution-building under SUPER, which laid the foundational infrastructure for growth across capital formation, talent development and regulatory frameworks. 'Kuala Lumpur's entry into the Top 20 Emerging Ecosystems marks a significant leap forward from its previous placement in the 21-30 band between 2022 and 2024, underscoring the momentum achieved through policy coherence and stakeholder alignment. 'A key contributor to this rise was the marked improvement in the city's Market Reach score - jumping from two to 10, which reflects the growing ability of Malaysian startups to access international markets, scale beyond domestic borders and compete globally. 'Under MOSTI's leadership and with Cradle Fund as our focal point agency, we are collaborating closely with public and private sector partners to elevate the nation's startup ecosystem, empower founders, and position Malaysia as a destination of choice for global startups, talent and investors,' he said in the statement. In this year's report, Startup Genome highlighted ecosystem performance, talent depth, capital availability and market reach as key drivers of Kuala Lumpur's improved standing, including 44 per cent rise in early-stage funding from US$255 million to US$368 million, a 22 per cent increase of total venture capital funding that reached US$3.3 billion and surge of market reach score from two to 10. With over 4,400 startups supported under the national MYStartup Single Window initiative ( Malaysia's innovation ecosystem is rapidly transitioning from promise to performance, with the government now setting its sights on the next milestone: positioning Malaysia among the Top 20 Global Startup Ecosystems by 2030.
The Sun
19 hours ago
- Business
- The Sun
Kuala Lumpur Ranks 18th in Global Startup Ecosystem 2025
KUALA LUMPUR: Kuala Lumpur has entered the Top 20 Emerging Startup Ecosystems in a historic first for Malaysia after ranking 18th in the Global Startup Ecosystem Report (GSER) 2025 by Startup Genome. The Ministry of Science, Technology and Innovation (MOSTI), in a statement, said the milestone reflects the tangible results of Malaysia's coordinated national innovation agenda, with strategic startup ecosystem programmes and capital mobilisation efforts now showing measurable impact. It stated that the GSER, considered the world's most comprehensive analysis of startup ecosystems, evaluates over 300 cities across more than 100 countries, and highlights Kuala Lumpur's progress across performance, funding, talent development and most notably, market reach. MOSTI said Startup Genome noted that early-stage funding in Kuala Lumpur reached RM1.5 billion (US$368 million) over the past two and a half years, an increase of over 40 per cent from the previous cycle - a clear indicator of rising investor confidence and ecosystem momentum. The ministry said the country's growing global recognition in innovation is driven by its maturing ecosystem, guided by the long-term Ekonomi MADANI policy. Central to this progress are two key national strategies - the Malaysia Startup Ecosystem Roadmap (SUPER), launched in 2021, and the KL20 Action Plan, introduced in April 2024. According to Science, Technology and Innovation Minister Chang Lih Kang, the progress reflects years of deliberate policy design and institution-building under SUPER, which laid the foundational infrastructure for growth across capital formation, talent development and regulatory frameworks. 'Kuala Lumpur's entry into the Top 20 Emerging Ecosystems marks a significant leap forward from its previous placement in the 21-30 band between 2022 and 2024, underscoring the momentum achieved through policy coherence and stakeholder alignment. 'A key contributor to this rise was the marked improvement in the city's Market Reach score - jumping from two to 10, which reflects the growing ability of Malaysian startups to access international markets, scale beyond domestic borders and compete globally. 'Under MOSTI's leadership and with Cradle Fund as our focal point agency, we are collaborating closely with public and private sector partners to elevate the nation's startup ecosystem, empower founders, and position Malaysia as a destination of choice for global startups, talent and investors,' he said in the statement. In this year's report, Startup Genome highlighted ecosystem performance, talent depth, capital availability and market reach as key drivers of Kuala Lumpur's improved standing, including 44 per cent rise in early-stage funding from US$255 million to US$368 million, a 22 per cent increase of total venture capital funding that reached US$3.3 billion and surge of market reach score from two to 10. With over 4,400 startups supported under the national MYStartup Single Window initiative ( Malaysia's innovation ecosystem is rapidly transitioning from promise to performance, with the government now setting its sights on the next milestone: positioning Malaysia among the Top 20 Global Startup Ecosystems by 2030.
The Hindu
a day ago
- Business
- The Hindu
Bengaluru climbs to 14th place in Global Startup Ecosystem Index; tops Indian cities
'This ranking is not just a number; it reflects the structural resilience and readiness of Karnataka's innovation economy.' -- IT/BT Minister Priyank Kharge Bengaluru climbed seven spots to reach the 14th place in the Global Startup Ecosystem Report (GSER) 2025, from 21st last year. Among the Indian cities ranked in the report, Bengaluru tops the chart, followed by Delhi in 29th position and Mumbai in 40th. The report, unveiled by innovation ecosystem development consultant Startup Genome at Viva Technology 2025 — an annual technology conference held in Paris — ranks ecosystems based on performance, funding, market reach, talent and experience, knowledge and emerging AI-native strength. Silicon Valley, New York City, and London came in the top three positions. Bengaluru was ranked number 5 among the Top 50 AI cities globally. Maturing ecosystem 'In the last year alone, Bengaluru-Karnataka has evolved from 'rising star' to standing firmly among the titans of the global startup economy,' the report said. It cited a mix of factors such as billion-dollar exits, deep sectoral strength, government-led capital interventions, and one of the richest talent ecosystems in the world as the reason behind the city's strong performance. Among the examples highlighted are Swiggy's public debut with a $12 billion valuation, which was one of the largest IPOs to come out of India, GoDigit's $3.6 billion public listing, Indegene's valuation at $1.3 billion and Blackbuck's $1 billion IPO. 'These success stories weren't anomalies; they were the results of a deep, maturing ecosystem that also saw total ecosystem value reach $136 billion in 2024. Bengaluru-Karnataka also produced 32 unicorns between 2020 and 2024, proving its capacity to consistently scale high-potential startups into global contenders,' read the report. Proactive policies Between 2020 and 2024, $38 billion of VC funding flowed into the region marking strong investor confidence. The report also termed the startup policies of the State as 'decisive' and 'proactive.' The report highlighted how the state government, in its 2025 budget, announced a Fund of Funds initiative and earmarked ₹100 crore for Deep Tech development. 'This ranking is not just a number; it reflects the structural resilience and readiness of the State's innovation economy. Bengaluru has always been a builder's city, and our rise in the GSER shows how our ecosystem's potential is translating into global outcomes,' said IT-BT minister Priyank Kharge, who joined a panel discussion at the event.
