Istanbul: #16 among top 100 emerging ecosystems: Minister

Istanbul outpaces Dubai, Moscow, and Brussels, the report said

Istanbul is #16 among top 100 emerging ecosystems, said Mustafa Varank, Technology and Industry Minister. Referring to new report by US-based global entrepreneurship research institution Startup Genome, Varank added Turkey’s commercial capital Istanbul, at number 16, outpaced several major cities such as Dubai, Moscow, and Brussels, according to the story by Anadolu Agency.

India’s Mumbai comes first

Data said India’s capital Mumbai comes first, followed by Jakarta(Indonesia) and Zurich (Switzerland) at numbers two and three. “Startups have become a top growth engine of the economy and policymakers are putting more energy and focus into the development of their startup ecosystems,” emphasized the report.

“Europe is the leading continent for Emerging Ecosystems, with 38 cities in the list followed by North America with 32 startup ecosystems and Asia-Pacific is third with 22 ecosystems,” the report claimed.

Here you can find the report.

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