Rankings of Southeast Asia Startups

Last updated

Rankings of Southeast Asia Startup Ecosystem Index [1]

Contents

Southeast Asia
Rank
CountryWorld RankChange
Rank
Score
202420232024Funding
1Flag of Singapore.svg  Singapore 56Increase2.svg 137.736 US$ 6.5 billion
2Flag of Indonesia.svg  Indonesia 3641Increase2.svg 56.397 US$ 1.1 billion
3Flag of Malaysia.svg  Malaysia 4343Steady2.svg5.080 US$ 260.2 million
4Flag of Thailand.svg  Thailand 5452Decrease2.svg 22.931 US$ 1.0 billion
5Flag of Vietnam.svg  Vietnam 5658Increase2.svg 22.697 US$ 0.4 billion
6Flag of the Philippines.svg  Philippines 6059Decrease2.svg 12.224 US$ 194.3 million
Southeast
Asia Rank
CityCountryTop 1000 World RankChange
Rank
Score
202420232024Top Industry
1 Singapore Flag of Singapore.svg  Singapore 1620Increase2.svg 441.600Foodtech
2 Jakarta Flag of Indonesia.svg  Indonesia 2729Increase2.svg 230.460Ecommerce & Retail
3 Kuala Lumpur Flag of Malaysia.svg  Malaysia 7387Increase2.svg 149.730Marketplaces
4 Bangkok Flag of Thailand.svg  Thailand 8074Decrease2.svg 69.380Insuretech
5 Manila Flag of the Philippines.svg  Philippines 10195Decrease2.svg 67.570Pharmaceuticals
6 Ho Chi Minh City Flag of Vietnam.svg  Vietnam 111114Increase2.svg 36.900Blockchain
7 Hanoi Flag of Vietnam.svg  Vietnam 157174Increase2.svg 144.080Logistics
8 Bandung Flag of Indonesia.svg  Indonesia 249386Increase2.svg 1371.740-
9 George Town Flag of Malaysia.svg  Malaysia 383329Decrease2.svg 540.900-
10 Cebu City Flag of the Philippines.svg  Philippines 459468Increase2.svg 90.590-
11 Surabaya Flag of Indonesia.svg  Indonesia 624938Increase2.svg 3140.310-
12 Denpasar Flag of Indonesia.svg  Indonesia 657874Increase2.svg 2170.280-
13 Phuket Flag of Thailand.svg  Thailand 662640Decrease2.svg 220.270-
14 Chiang Mai Flag of Thailand.svg  Thailand 685591Decrease2.svg 940.260-
15 Johor Bahru Flag of Malaysia.svg  Malaysia 694594Decrease2.svg 1000.250-
16 Cagayan de Oro Flag of the Philippines.svg  Philippines 698661Decrease2.svg 370.250-
17 Yogyakarta Flag of Indonesia.svg  Indonesia 711931Increase2.svg 2200.240-
18 Davao Flag of the Philippines.svg  Philippines 743951Increase2.svg 2080.220-
19 Naga City Flag of the Philippines.svg  Philippines 831904Increase2.svg 730.170-
20 Da Nang Flag of Vietnam.svg  Vietnam 896-Steady2.svg new0.150-
21 Medan Flag of Indonesia.svg  Indonesia 9861002Increase2.svg 160.120-
Southeast
Asia Rank
CountryCity HQStartupSB Score
2024Status
=1Flag of Singapore.svg  Singapore Singapore Grab1000+Unicorn Startup Pantheon
=1Flag of Singapore.svg  Singapore Singapore Lazada1000+Unicorn Startup Pantheon
=1Flag of Singapore.svg  Singapore Singapore Singtel1000+Unicorn Startup Pantheon
=1Flag of Malaysia.svg  Malaysia Kuala Lumpur Mindvalley1000+Unicorn Startup Pantheon
5Flag of Indonesia.svg  Indonesia Jakarta Traveloka795Unicorn
6Flag of Indonesia.svg  Indonesia Jakarta Dana745Unicorn
7Flag of Singapore.svg  Singapore Singapore Coda Payment738Unicorn
8Flag of Indonesia.svg  Indonesia Jakarta J&T Express732Unicorn
9Flag of Singapore.svg  Singapore Singapore Ninja Van730Unicorn
=10Flag of Indonesia.svg  Indonesia Jakarta Xendit728Unicorn
=10Flag of Thailand.svg  Thailand Bangkok Flash Express C728Unicorn
12Flag of Indonesia.svg  Indonesia Jakarta Akulaku723Unicorn
13Flag of Singapore.svg  Singapore Singapore Moglix712Unicorn
14Flag of Singapore.svg  Singapore Singapore Carousell702Unicorn
15Flag of Indonesia.svg  Indonesia Jakarta Kopi Kenangan691Unicorn
16Flag of Vietnam.svg  Vietnam Ho Chi Minh City Momo C690Unicorn
17Flag of Singapore.svg  Singapore Singapore Emeritus682Unicorn
18Flag of Malaysia.svg  Malaysia Kuala Lumpur Carsome675Unicorn
19Flag of Indonesia.svg  Indonesia Jakarta Ajaib630Unicorn
20Flag of Indonesia.svg  Indonesia Bandung E-Fishery626Unicorn

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A startup or start-up is a company or project undertaken by an entrepreneur to seek, develop, and validate a scalable business model. While entrepreneurship includes all new businesses including self-employment and businesses that do not intend to go public, startups are new businesses that intend to grow large beyond the solo-founder. During the beginning, startups face high uncertainty and have high rates of failure, but a minority of them do go on to become successful and influential, such as unicorns.

<span class="mw-page-title-main">High tech</span> Most advanced technology available

High technology, also known as advanced technology or exotechnology, is technology that is at the cutting edge: the highest form of technology available. It can be defined as either the most complex or the newest technology on the market. The opposite of high tech is low technology, referring to simple, often traditional or mechanical technology; for example, a slide rule is a low-tech calculating device. When high tech becomes old, it becomes low tech, for example vacuum tube electronics. Further, high tech is related to the concept of mid-tech, that is a balance between the two opposite extreme qualities of low-tech and high tech. Mid-tech could be understood as an inclusive middle that combines the efficiency and versatility of digital/automated technology with low-tech's potential for autonomy and resilience.

Open innovation is a term used to promote an Information Age mindset toward innovation that runs counter to the secrecy and silo mentality of traditional corporate research labs. The benefits and driving forces behind increased openness have been noted and discussed as far back as the 1960s, especially as it pertains to interfirm cooperation in R&D. Use of the term 'open innovation' in reference to the increasing embrace of external cooperation in a complex world has been promoted in particular by Henry Chesbrough, adjunct professor and faculty director of the Center for Open Innovation of the Haas School of Business at the University of California, and Maire Tecnimont Chair of Open Innovation at Luiss.

<span class="mw-page-title-main">Clean technology</span> Any process, product, or service that reduces negative environmental impacts

Clean technology, also called cleantech or climatetech, is any process, product, or service that reduces negative environmental impacts through significant energy efficiency improvements, the sustainable use of resources, or environmental protection activities. Clean technology includes a broad range of technology related to recycling, renewable energy, information technology, green transportation, electric motors, green chemistry, lighting, grey water, and more. Environmental finance is a method by which new clean technology projects can obtain financing through the generation of carbon credits. A project that is developed with concern for climate change mitigation is also known as a carbon project.

<span class="mw-page-title-main">Quantcast</span> American technology company

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The Department for Promotion of Industry and Internal Trade (DPIIT) is a central government department under the Ministry of Commerce and Industry in India. It is responsible for formulation and implementation of promotional and developmental measures for growth of the industrial sector, keeping in view the national priorities and socio-economic objectives. While individual administrative ministries look after the production, distribution, development and planning aspects of specific industries allocated to them, DPIIT is responsible for the overall industrial policy. It is also responsible for facilitating and increasing the foreign direct investment (FDI) flows to the country.

The startup scene in Finland has given birth to companies such as Angry Birds, Supercell, Wolt, and many others.

<span class="mw-page-title-main">Start-Up Chile</span>

Start-Up Chile is a seed accelerator created by the Chilean government, based in Santiago de Chile. It was founded in 2010 with the goal of increasing the number of national and international ventures that are generated in the country.

<span class="mw-page-title-main">Startup ecosystem</span> Type of business ecosystem

A startup ecosystem is formed by people in startups in their various stages, and various types of organizations in a location that are interacting as a system to create and scale new startup companies. These organizations can be further divided into categories such as universities, funding organizations, support organizations, research organizations, service provider organizations and large corporations. Local Governments and Government organizations such as Commerce / Industry / Economic Development departments also play an important role in a startup ecosystem. Different organizations typically focus on specific parts of the ecosystem function and startups at their specific development stage(s).

<span class="mw-page-title-main">Brad Feld</span>

Brad Feld is an American entrepreneur, author, blogger, and venture capitalist at Foundry Group in Boulder, Colorado, a firm he started with partners Seth Levine, Ryan McIntyre, and Jason Mendelson.

Fenox Venture Capital was an American venture capital firm, headquartered in San Jose, California. The company worked with emerging technology companies worldwide and served a bridge for global startups seeking entry into American, Asian, European and Middle Eastern markets.

OurCrowd is an online global venture investing platform that empowers institutions and individual accredited investors to invest and engage in emerging technology companies at an early stage while still privately held. Based in Jerusalem, the company launched in February 2013, and has since opened overseas branches in the United States, the United Kingdom, Canada, Australia, Spain, Singapore, Brazil, and the UAE.

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Taizo Son is a Japanese businessman of Korean ancestry. He is CEO of Mistletoe, a company that he founded in 2013, and chairman of mobile gaming company GungHo, which he founded in 2002. GungHo's market value in 2013 was $10.4 billion, making Son a billionaire. He is the youngest brother of SoftBank magnate Masayoshi Son.

<span class="mw-page-title-main">TeamNote</span>

TeamNote is a mobile-first business communication and collaboration software developed by the Hong Kong–based technology company TeamNote Limited. TeamNote is a product that is provided as a white label solution to corporations and deployed in a private cloud or an on-premises server. It allows users to send text messages and voice messages, share images, documents, user locations, and other content. It is not available for download on the iOS App Store or in Google Play. TeamNote adds new users by sending out links or manual deployment.

<span class="mw-page-title-main">MIT Global Startup Workshop</span>

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Financial technology is an industry composed of companies that use technology to offer financial services. These companies operate in insurance, asset management and payment, and numerous other industries. FinTech has emerged as a relatively new industry in India in the past few years. The Indian market has witnessed massive investments in various sectors adopting FinTech, which has been driven partly by the robust and effective government reforms that are pushing the country towards a digital economy. It has also been aided by the growing internet and smartphone penetration, leading to the adoption of digital technologies and the rise of FinTech in the country

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<span class="mw-page-title-main">Unicorn bubble</span>

A unicorn bubble is a theoretical economic bubble that would occur when unicorn startup companies are overvalued by venture capitalists or investors. This can either occur during the private phase of these unicorn companies, or in an initial public offering. A unicorn company is a startup company valued at, or above, $1 billion US dollars.

Deep technology or hard tech is a classification of organization, or more typically startup company, with the expressed objective of providing technology solutions based on substantial scientific or engineering challenges. They present challenges requiring lengthy research and development, and large capital investment before successful commercialization. Their primary risk is technical risk, while market risk is often significantly lower due to the clear potential value of the solution to society. The underlying scientific or engineering problems being solved by deep tech and hard tech companies generate valuable intellectual property and are hard to reproduce.

References

  1. "Global Startup Ecosystem".
  2. 1 2 3 "Global Startup Ecosystem Index 2024".