Tokyo, June 19, 2023
In the recently released “2023 Global Startup Ecosystem Report (GSER2023),” Tokyo has secured a position in the top 15 out of 290 cities worldwide.
The GSER2023, which analyzes over 3.5 million startups across various cities, is considered a crucial reference for stakeholders involved in the global startup ecosystem.
Tokyo’s Startup Ecosystem Characteristics
Tokyo’s ranking in the GSER2022 experienced a slight decline, dropping from 12th to 15th place.
However, there are notable features of Tokyo’s startup ecosystem worth considering:
- Relationship Score Improvement: Despite the overall ranking decline, Tokyo’s relationship score, indicating domestic and overseas ecosystem connections, has significantly increased from the lowest score of 1 in 2022 to a respectable 7 points.
- Strong Points: The scores for “Experience/Human Resources” and “Knowledge” remain high at 8 and 9 points, respectively.
- Challenges: However, “Market Reach,” which assesses factors such as scale-up in domestic and overseas markets and unicorn production, witnessed a drop from 4 points in 2022 to the lowest score of 1 point. Additionally, the “Performance” ranking has also declined, potentially contributing to the overall ranking decrease.
- Fields of Strength: Tokyo’s startup ecosystem shows promise in “life sciences, fintech, manufacturing, and robotics” sectors.
Highlights of GSER2023
The “2023 Global Startup Ecosystem Report” (GSER2023) unveiled at The Next Web Conference 2023 provides comprehensive and detailed data analysis on over 3.5 million startups across 290 cities worldwide.
Here are the key highlights:
- Global Ecosystem Rankings: The report ranks the top 30 global ecosystems, along with listing the top 100 emerging ecosystems.
- Regional Perspectives: The report also offers separate rankings focusing on ecosystems in Africa, Asia, Europe, Latin America, MENA, North America, and Oceania, providing insights into startup communities from a regional viewpoint.
- Major Themes: This year’s report addresses topics such as inflation, AI regulation, talent attraction, global VC fundraising, and subsector analysis across diverse markets.
- Access the Report: The full report can be downloaded from the following link: https://startupgenome.com/report/gser2023.
Views from GEN Japan and GEN Global
Naohiro Nishiguchi, Representative Director and Managing Director of GEN Japan, a Japanese base of GEN, expressed his thoughts on Tokyo’s ranking during the GSER2023 launch session at TNW Conference 2023.
He participated in a panel discussion alongside Prince Constantine from the Netherlands and engaged in discussions with more than 50 city officials worldwide.
Mr. Naohiro Nishiguchi stated,
“This year’s world rankings demonstrate Tokyo’s growing experience, human resources, and relationships with domestic and overseas markets. We can confidently say that we have entered a stage where we pursue more concrete results.”
Jonathan Altman, Founder and President of GEN, commented on the global scenario, saying,
“History has shown us that economic downturns create start-ups with future potential, as over half of the Fortune 500 companies in 2009 started during recessions and market stagnation.
Despite recent investment slowdown, the results of GSER2023 foreshadow the emergence of some of the world’s most promising start-ups, providing leaders with unparalleled insights to build resilient startup ecosystems.”
The Global Startup Ecosystem Report (GSER) is a collaborative research report produced in partnership with Global Entrepreneurship Network, Dealroom, and Crunchbase.
The 2023 edition offers valuable insights and guidance for public and private sector leaders aiming to foster entrepreneurial communities, which serve as the primary drivers of job creation and economic growth.
About Global Entrepreneurship Network
GEN actively engages in extensive activities across 200 countries, tailoring its approach to suit the unique circumstances of each nation, with a focus on enabling anyone, anywhere to easily start and expand businesses and establish deeper connections.
The organization fosters cross-border collaborations and initiatives among entrepreneurs, investors, and researchers. In Japan, GEN concentrates on two areas: fostering startups from large companies and collaborating with the global startup ecosystem.
Naohiro Nishiguchi has been serving as the representative of Japan since 2014.
About Startup Genome
With over a decade of independent research, Startup Genome identifies critical gaps in the startup ecosystem and prioritizes actions that drive sustainable economic growth.
Through data-driven insights, Startup Genome supports innovation policy leaders in defining and implementing strategies focused on ecosystem development.
Working with 300 partner organizations, the Startup Genome framework and methodology play a pivotal role in establishing a foundation for startup growth.