BENGALURU: Bengaluru has clinched the 20th spot, moving up to two places, in Startup Genome’s The Global Startup Ecosystems report [GSER] 2023.While Silicon valley remained at top ,New York City and London were tied at No.2 With these the top three ecosystem have all held on to their positions from 2020.A,ong the emerging ecosystems into the 31-40 range in 2023,from 51-60 in 2022.

GSER is a comprehensive analysis of startup ecosystems arund the world. The report, now in its 11th year, offers a detailed look into the world's top startup ecosystem,while tracking emerging trends and challenges faced by enterpreneurs.Several Indian cities have moved up several notches in the ranking,thanks to India's growing digital public infrastucture that has proved to be a game changer.

To create the 2023 rankings, statup Genome measured six factors in each ecosystems performance ,funding , market reach, connectedness, taled and experiences and knowledge.The ranking identifies the top-30 global ecosystems and ten runners-up. These ecosystems feature more than 50 dollars million in funding activity.Boston and Beijing have both slipped out of the top 5 to 6th and 7th spots, respectively, paying the way for Los Angeles to rise to 4 and Tel Aviv to 5 -- both gaining two spots. 

Singapore entered the top-10 for the first time,moving uo ten places to 8th from 18th in GSER 2022 edition, marking the biggest improvement in the rankings.'' the Covid-led growth in tech impacted countries to very different degrees anbd this is reflected in movements in the gkobal rankings'', wrote JFGauthier , founder and CEO, Startup Genome, in the 2023 edition report.''India is up due to its world-leading growth in 2021and 2022 and this trajectory may well continue.

Additionally, the Indian government has massively invested in digital public infrastructure, collectively known as India stack, which included APB, AEPS, eSugn, Digilocker,UPI and DEPA.The top-100 emerging Ecosystems are collectivelly worth more than 1.5 dollars trillion in ecosystem value.