CrunchBase And Compass Partner To Rank Global Startup Ecosystems

Our data and analytics loving sister company CrunchBase is partnering with Compass (the minds behind the 2012 Startup Genome Project) on a new study to provide a taxonomy for global startup ecosystems.

The two are collaborating on a new survey of startups worldwide to measure the development of startup and entrepreneurial culture against 40 other international hubs.

Three years ago, the 2012 Startup Ecosystem Report provided research and analytics on the global expansion of early stage, high growth, companies.

Cited by everyone from Barack Obama to Germany’s chancellor Angela Merkel, he initial startup report helped map a newly flourishing economy.

However, the explosive growth of venture investing necessitates an updated version of the study, according to Bjoern Lasse Herrmann, the chief executive at Compass.

“There is almost nothing more important to the global economy,” Herrmann says. “As the Industrial Economy falls away with increasing speed and half the world’s current jobs will be replaced by software, it becomes critical  to build thoughtful programs to nurture the entrepreneurial renaissance that will take its place.”

The benchmarks and illustrations that CrunchBase and Compass can provide are useful for governments, entrepreneurs and investors.

Increasingly, the global economy will be defined by the startups and entrepreneurs that are making tomorrow’s technologies a reality, according to Herrmann, and a nation’s strength will continue to rest on the shoulders of hundreds of innovative small businesses.

“Entrepreneurs need to benchmark their performance against their relevant peers around the world as competition will be increasingly global. And governments need to benchmark their ecosystems,” Herrmann said in a statement. “Many leaders are happy to see growth, but don’t realize they’re falling further and further behind their peers. Seeing the trends of winners and losers will be especially enlightening.”

The previous 2012 Startup Ecosystem Report mapped startup ecosystems in Silicon Valley, Tel Aviv, Los Angeles, Seattle, New York City, Boston, London, Toronto, Vancouver, Chicago, Paris, Sydney, Sao Paulo, Moscow, Berlin, Waterloo, Singapore, Melbourne, Bangalore and Santiago.

The 2015 report is angling to map a broader landscape. In addition to the data collection, qualitative deeper dives into several geographies

CrunchBase and Compass expect to publish the report in May 2015.