Countries with the most startups have mushroomed all over the world, including Indonesia, as a new venture or business model that is currently prominent and capable of driving innovation and new economic growth.
When talking about startups, people usually think of the growth and success stories of creative entrepreneurs with ambitious and extraordinary dreams.
With the spread of the digital economy in various parts of the world, startups are experiencing faster growth and development.
Establishing startups in a country will be influenced by several factors, such as easy bureaucracy, global connectivity, lower production costs, and easy access to funding.
Countries with the Most Startups in the World
The United States
The United States is one of the first countries to have the most startups in the world.
It has been recorded that the number of startups established in the United States has reached 72,150 startups, making it the most dominant country in the world in terms of economy.
The United States has also spread its cultural influence worldwide through music, television, and film.
With the establishment of many startups in various sectors in the United States, it will certainly introduce and highlight some of these startups, such as Teespring, Coursera, Giphy, and many others.
India is the second country with the most startups in the world, with 13,646 startups. This country has 43 cities listed in the top 1000 cities, including New Delhi, Bengaluru, and Mumbai, which are among the top 20.
Bengaluru ranks 10th as the home of leading startups such as Vedantu and Byju’s.
Meanwhile, New Delhi also has well-known startups such as Snapdeal and Zomato, while Mumbai has famous startups in its city, such as Toppr, PharmEasy, and BillDesk.
The United Kingdom
The United Kingdom is the third country with 6,350 startups in the world. The UK is one of the countries where startups are established because of its strong entrepreneurial spirit and its strong venture capital funding.
The best startups in the UK usually have a great combination of innovation and safer funding channels. With 500,000 to 700,000 new businesses created every year, it shows that the ease of establishing a company in the UK provides excellent opportunities.
Canada is also the fourth country with the most startups in the world, with 3,428 startups. In 2021, startup funding in Canada soared to USD 11.8 billion.
With several famous startups in Canada such as Smart Flow, Kidoodle TV, Thinkifc, and many others, it is no wonder that Canada ranks high in terms of the availability of startups in the country.
Indonesia is ranked fifth with 2,379 startups. Indonesia has a rapidly developing startup growth ecosystem in the Asian region.
Investment in startups in Indonesia continues to increase each year, with e-commerce and financial technology being the most significant fields in the country.
Some of the well-known startups in Indonesia include Tokopedia, Gojek, Ruang Guru, Zenius, and many others.
Australia has successfully ranked sixth as one of the countries with the most startups in the world. Currently, Australia has 2,379 startups.
Australia is the birthplace of the well-known design startup, Canva.
In terms of funding for early-stage or Series A startups, Australia has surpassed the global average. This has made Australia a better place with the growth and development of startups.
Germany also has startup companies whose existence is not far behind the presence of startup companies in Australia, namely 2,360 startups.
In this country, it is better known for having a very good government approach to startups, and at the beginning of the COVID-19 pandemic, the German government itself announced a state aid scheme of up to 2 billion euros to help startups grow.
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In addition, it also offers guarantees of up to 100% for loans up to a certain amount for small businesses. There are several startups from Germany including BeeBlum, ZkSystems, and Planetly.
France ranks 8th in terms of the number of startups available, with 1,578 startups. Since 2021, many startups in France have raised around USD 13.1 billion in funding.
This figure shows that there are 11.6% of the total funding available in the respective European countries. Some well-known startups in France include Shadow, BlaBlaCar, Meero, and others.
Spain is known for its excellent environment and friendly people, and this country has 1,405 startups.
In terms of funding for startups in Spain, there has been an acceleration in 2021 compared to the previous year, which has provided significant benefits to Spain.
These are some of the countries with the most startups in the world and they provide significant benefits to their respective countries.
With the rapid development of startups, it certainly provides a significant opportunity to earn greater profits.