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Home»Startups»Ranking: Most Startup-Friendly Countries in the World, 2024
Startups

Ranking: Most Startup-Friendly Countries in the World, 2024

prosperplanetpulse.comBy prosperplanetpulse.comApril 9, 2024No Comments6 Mins Read1 Views
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The results are in, and The US has been named the most startup-friendly country in the world. 5th place is India, 4th place is Israel, 3rd place is Canada, and 2nd place is the UK. The rankings were determined by CEOWORLD magazine’s annual assessment of countries’ competitiveness and capabilities in science- and technology-based economies.

The United States maintains its position as a top country for startups due to several factors, not the least of which is its research and development (R&D) capabilities. The country has a high rate of startups and a thriving angel and venture funding industry. It is worth noting that the United States is also known for its emphasis on building a knowledge-based economy. The magazine’s startup ecosystem ranking evaluates 62 countries across his five categories, including human capital investment, research and development, entrepreneurial infrastructure, technology workforce, and policy dynamics.

The top 10 countries in the world are, in no particular order, the United States, United Kingdom, Canada, Israel, India, Germany, Poland, Malaysia, Sweden, and Denmark.

The world’s most startup-friendly country in 2024

rank Country Score Investing in human capital Research and Development Infrastructure for entrepreneurs technical personnel Policy dynamics
1 America 92 84 88 92 87 84
2 England 91 83 87 91 86 83
3 Canada 90 82 86 90 85 82
Four Israel 89 81 85 89 84 81
Five India 88 80 84 88 83 80
6 Germany 87 79 83 87 82 79
7 Poland 86 78 82 86 81 78
8 Malaysia 85 77 81 85 80 77
9 Sweden 84 76 80 84 79 76
Ten Denmark 83 75 79 83 78 75
11 Switzerland 82 74 78 82 77 74
12 France 81 73 77 81 76 73
13 Singapore 80 72 76 80 75 72
14 Australia 79 71 75 79 74 71
15 China 78 70 74 78 73 70
16 estonia 77 69 73 77 72 69
17 Ireland 76 68 72 76 71 68
18 Russia 75 67 71 75 70 67
19 South Korea 74 66 70 74 69 66
20 Spain 73 65 69 73 68 65
twenty one Finland 72 64 68 72 67 64
twenty two Netherlands 71 63 67 71 66 63
twenty three Japan 70 62 66 70 65 62
twenty four Lithuania 69 61 65 69 64 61
twenty five Austria 68 60 64 68 63 60
26 Portugal 67 59 63 67 62 59
27 Italy 66 58 62 66 61 58
28 Czech Republic 65 57 61 65 60 57
29 Belgium 64 56 60 64 59 56
30 Romania 63 55 59 63 58 55
31 United Arab Emirates 62 54 58 62 57 54
32 Greece 61 53 57 61 56 53
33 Indonesia 60 52 56 60 55 52
34 Slovakia 59 51 55 59 54 51
35 Norway 58 50 54 58 53 50
36 latvia 57 49 53 57 52 49
37 new zealand 56 48 52 56 51 48
38 malta 55 47 51 55 50 47
39 Philippines 54 46 50 54 49 46
40 Croatia 53 45 49 53 48 45
41 Argentina 52 44 48 52 47 44
42 Brazil 51 43 47 51 46 43
43 ukraine 50 42 46 50 45 42
44 South Africa 49 41 45 49 44 41
45 Chile 48 40 44 48 43 40
46 turkey 47 39 43 47 42 39
47 Mexico 46 38 42 46 41 38
48 Bulgaria 45 37 41 45 40 37
49 Hungary 44 36 40 44 39 36
50 Thailand 43 35 39 43 38 35
51 Iceland 42 34 38 42 37 34
52 Luxembourg 41 33 37 41 36 33
53 Slovenia 40 32 36 40 35 32
54 Hong Kong 39 31 35 39 34 31
55 Iran 38 30 34 38 33 30
56 cyprus 37 29 33 37 32 29
57 Serbia 36 28 32 36 31 28
58 tunisia 35 27 31 35 30 27
59 Kuwait 34 26 30 34 29 26
60 Saudi Arabia 33 twenty five 29 33 28 twenty five
61 qatar 32 twenty four 28 32 27 twenty four
62 Vietnam 31 twenty three 27 31 26 twenty three

General methodology Selected by CEOWORLD magazine as one of the world’s most startup-friendly countries in 2024. The ranking is based on five key indicators of a country’s competitiveness and capabilities. The overall score (100%) is the sum of:

1) Investing in human capital: This shows how much money is (invested) in developing and training tomorrow’s workforce.

2) Research and development: This examines a country’s research and development (R&D) capacity to see if it has the facilities to generate innovations that can attract funding, commercialize, and contribute to economic growth.

3) Entrepreneurial infrastructure – This determines the success rate of converting research into commercially viable products and services.

4) Technical personnel – This composite measures the relative presence of high-end technical and scientific talent.

5) Policy dynamics – It evaluates the achievements of technology and how effectively policymakers and other stakeholders have leveraged regional assets to improve regional prosperity.

Research disclosure: How do they make their choices?

The 194,976 respondents were sent a long list of over 256 metrics drawn from leagues across each continent and asked one simple question. “Which country will be the friendliest country in the world in 2024?” We asked respondents to choose five countries each and rank their choices from 1 to 10. The first place is her choice as the world’s most economical country in 2024. Each respondent’s No. 1 choice received 10 points, No. 2 choice received 9 points, and No. 10 choice reduced to 1 point. All votes were summed to create a raw score. For an economy to be included on the list, it had to receive votes from at least 500 respondents.

Although we are very grateful to all the respondents who participated, they were not compensated for their participation in this project. To allow respondents to express their opinions freely, individual voting records are anonymized in the complete breakdown of scores. The rankings are based on a survey of 194,976 people from 95 countries in the Americas, Asia, Europe, and Africa.

Of these, more than 194,976 were “informed elites” (university-educated middle- or upper-class individuals). More than 54,000 people were business leaders, defined as senior leaders of companies (500 or more employees). The rest belonged to the general public. The rest belonged to the general public. The survey included respondents from 95 countries and was conducted from January 12 to March 19, 2024. The top-ranked economy is awarded 100 points.

This ranking is the result of a rigorous analysis that incorporates multiple data sources. Detailed survey data and information were collected directly from 194,976 individuals across 256 data points. We analyzed over 130 economies during the data collection process.

The overall score is a numerical score given to an economy based on respondent feedback and measures a country’s competitiveness and ability to be a “science and technology focused” economy. The total score is out of 100. The margin of sampling error for the total sample of 194,976 respondents is plus or minus 1.3 percentage points. In addition to sampling error, it should be kept in mind that, as with all survey studies, there may be other sources of error that can affect the results, such as coverage, nonresponse, and measurement error. Of course, this is just one evaluation, however important it is.


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This report/news/ranking/statistics has been prepared for general guidance on matters of interest only and does not constitute professional advice. Do not act on the information contained in this publication without obtaining specific professional advice. No representations or warranties, express or implied, are made as to the accuracy or completeness of the information contained in this publication. Furthermore, to the extent permitted by law, CEOWORLD Magazine does not accept any liability, liability or duty of care in connection with this publication. Any consequences of you or anyone else acting, refraining from acting, or making decisions based on the information contained in this publication.


Copyright 2024 The CEOWORLD Magazine. All rights reserved. This material (and extracts thereof) may not be copied, redistributed, or posted on a website without CEOWORLD Magazine’s prior written consent. For media inquiries, please contact info@ceoworld.biz.


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