[A thread on the groundbreaking APEXE Nations Report 2024] 🧵
Key Findings:
📊 US, UK & Canada Lead Innovation Race
- United States tops rankings with strongest startup ecosystem performance
- UK and Canada round out top 3, excelling in policy implementation
- Emerging powers India (#4) and South Korea (#5) show impressive momentum
💡 Innovation vs. Implementation Gap
- Germany ranks #1 in innovation potential but falls to #9 overall
- India ranks #4 despite lower innovation scores, showing excellent execution
- Japan’s startup ecosystem underperforms relative to its innovation capacity
💰 Startup Value Creation
- US startup ecosystem value = 14% of GDP
- Average across G20 = 8% of GDP
- $2.7T potential additional value if underperforming nations reach average
🏆 Top Performers Analysis:
- United States
- Highest startup ecosystem score (2.26)
- Strong policy framework
- Dominant innovation-to-startup conversion
- United Kingdom
- Strong innovation potential (1.39)
- Excellent policy implementation
- High ecosystem performance (1.87)
- Canada
- Balanced across all metrics
- Strong policy framework
- Solid ecosystem performance (1.39)
🚀 Rising Stars:
- India: Exceptional at converting innovation into startups
- Brazil: Strong ecosystem growth despite lower innovation scores
- China: Massive potential with room for policy improvement
📈 Economic Impact:
- Tech companies = 50% of US stock market
- Startup ecosystems are primary job creators
- Corporate R&D declining in importance vs startup innovation
The report, produced by Startup Genome in partnership with Global Entrepreneurship Network, provides first-ever comprehensive framework for measuring national startup success.
Full report available at startupgenome.com
