Posted: Post Date – 03:43 pm, Wed – Jun 15, 22
Hyderabad: The Telangana startup ecosystem is now ranked in the top 10 global ecosystems and is ranked number four in the Asian ecosystem for affordable talent, according to a recent report. Startup Genome’s 2022 Global Startup Ecosystem Report (GSER), which was released at London Tech Week this week, reported that Telangana-based startups are among the top 20 startups in the world in different categories. .
While the youngest state is one of the top 10 global ecosystems for affordable talent, in terms of funding it is among the top 15 in Asian ecosystems. Meanwhile, in terms of knowledge, which measures innovation through research and patent activity, Telangana ranks among the top 20 Asian ecosystems. Telangana is also among the top 25 Asian ecosystems and top 15 Asian emerging ecosystems for performance that assesses the value created by tech startups from exits and funding.
Startup Genome worked closely with Telangana startup ecosystem creator T-Hub to showcase the state’s entrepreneurial ecosystem at GSER 2022. The GSER is the world’s most comprehensive data-driven investigation of startups with over 280 business innovation ecosystems and 3 million startups analyzed. The report includes a ranking of the top 140 ecosystems, continental insights, and founder-focused articles from thought-leading experts.
The report mentions that the Telangana startup ecosystem created $4.8 billion in value from July 1, 2019 to December 31, 2021. It cited access to talent and policy incentives as reasons why a startup startup should move to Telangana and said AI, Big Data and Analytics, Life Sciences, and Agtech sectors stand out for their density of talent, support resources, and startup activity.
T-Hub CEO M Srinivas Rao said: “Telangana is at the forefront of building a world-class innovation ecosystem through a combination of passionate entrepreneurs, availability of high-quality talent, supportive government policies. and access to capital. The startup community has seen phenomenal growth in a variety of sectors, especially Life Sciences, AI, Big Data, Analytics, and Agritech.”