In terms of deals over the past five years, artificial intelligence and big data was the largest VC-funded startup industry in 2022, accounting for close to 30 percent of the global deals. Meanwhile, fintech accounted for 16 percent of the deals, with life sciences and health care behind with 12 percent. Blue economy and digital media media were the smallest industries with only one percent each. However, the blue economy saw its funding deals almost doubling over the past five years.

As of April 2024, over 127 thousand startups had been officially recognized by the Department for Promotion of Industry and Internal Trade (DPIIT). India’s startup economy has been growing since 2016 with businesses mushrooming rapidly across the country. To support and sustain its growth, the Indian government launched the Startup India initiative. As of February 2023, a total of 92,683 startups had been officially recognized by DPIIT.

Business environment in India

India’s economy comprises of a vast number of businesses that are predominantly micro enterprises, with more than half of them based in rural areas. The Indian government defines a startup as an entity less than ten years old with an annual turnover under one billion Indian rupees and headquartered in India. Owing to a host of funding deals and investment schemes, startups in India have spread across several key sectors primarily those of technology and ecommerce.

Leading startup sectors and unicorns

E-commerce, enterprise tech, and fintech remained the top-performing sectors in 2023. However, all these sectors saw a significant drop in funding compared to the previous year. The bright spot in the year was deeptech which received increased investor interest with more funding deals than the preceding year.

Success.ai’s Startup Data for Global Tech Startups offers a comprehensive and reliable dataset tailored for businesses, investors, and organizations seeking to connect with tech startups worldwide. Covering emerging companies in software, AI, fintech, health tech, and other innovation-driven industries, this dataset provides detailed funding insights, firmographic data, and verified contact details for decision-makers.

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Success.ai’s Startup Data for Technology Startups Worldwide provides a comprehensive dataset to help businesses, investors, and service providers connect with innovative tech startups across the globe. With access to over 170 million verified professional profiles and 30 million company profiles, this dataset includes detailed firmographic data, funding insights, and employee information. Whether you’re targeting early-stage ventures, scaling startups, or established unicorns, Success.ai ensures your outreach and strategic planning are informed by reliable, continuously updated, and AI-validated data. Backed by our Best Price Guarantee, this solution empowers you to engage meaningfully with the technology startup ecosystem.

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The United States was by far the best country for startups in 2024, according to data provided by StartupBlink. With a total score of 215, the U.S. had almost more than four times as many points as the second ranked United Kingdom, with a score of 55.99. Israel followed in third.

From 2013 to 2023, the number of startups in Brazil has increased year after year. In 2023, there will be approximately 13,400 registered startups in Brazil. This number has grown by 244 percent compared to 2013, when the number of Brazilian startups was less than 4,000.

According to data from the Global Entrepreneurship Monitor, the start-up rate in the United States was 10.7 percent in 2020. In the United Kingdom the start-up rate amounted to 5.2 percent in the same year.

Between 2018 and 2022, the advanced manufacturing and robotics industry saw the highest increase in funding, rising by nearly 170 percent. Cybersecurity saw the second highest increase at 135 percent, followed by the cleantech industry. On the other hand, funding in edtech and adtech dropped by 44 and 15 percent respectively.

This statistic shows the number of jobs that were created in the United States through businesses that were less than one year old from March 1994 to March 2023. In 2023, there were more than 3.7 million new jobs created through start-up businesses, more than the year prior.

According to the survey carried out among start-up owners, the main reasons why their businesses did not work out was a lack of financing, with nearly half percent of the start-ups giving this as the main reason for their business failure. Moreover, the COVID-19 pandemic played a role in one third of business failures. There is rarely one reason behind a company going bankrupt, it is rather a mixture of several issues, as reflected in the many reasons stated by the respondents.

The share of male founders of German startups has been mostly around 81 percent, peaking in 2014 at 89 percent. The highest percentage of female founders, 20.7 percent, was recorded in 2023. The statistic shows the difference between the share of men and women who founded startups in Germany since 2013.

As of 2024, Israel had 9000 tech startups, which was the highest in the entire MENA region. The United Arab Emirates had the second highest with roughly, 5600 tech startups. Saudi Arabia had the second highest level of tech startups amongst Gulf Cooperation Council countries at 1600.

The funding value of the startup market in Georgia saw a decrease over the past year and reached over seven million U.S. dollars in 2023. Over the observed period, the figure peaked in 2022.

Around 28.3 percent of German startups were in the information and communication technology industry. The source defines startups as being younger than ten years, highly innovative in terms of technology and/ or their business model, aiming for significant growth in revenue and employee numbers. The start-up scene German states varied in their startup density. Based on recent data, Berlin had the highest number of startups on its territory, followed by North Rhine-Westphalia and Bavaria. The most money was invested in software and analytics, at over 3.2 billion euros. Recently, investment volume in German startups saw a drastic increase but 2022 saw a decrease compared to the previous year. While information and communication technology was booming as far as startups were concerned, fintech is another area that has seen success in Germany. Female entrepeneurs Unfortunately, Germany did not fare well when looking at male and female entrepreneur numbers. In fact, European countries generally disappointed. Germany had a 7.1 percent rate of female entrepreneurship, followed by Poland with 1.6 percent.

The Philippines have has around 700 startups as of October 2021, an increase of 156 percent from 273 startups in 2017. The number of startups in the country is expected to keep growing in succeeding years.

 Most funded startup sector 

Across sectors, financial technology or fintech was the most funded startup sector in the Philippines. In 2021, the value of deals received by startups in the FinTech sector accounted for over half of the total deal value. FinTech is rapidly expanding in the Philippines due to increased digitalization and government campaigns to boost financial inclusion and digital payment adaption. Two of the three unicorn startups are in fintech.

 Startup ecosystem

Although the startup landscape in the Philippines is nascent, focused government support and high digital adaption are expected to support its growth in the following years. In 2019, the government introduced the Startup Innovation Act, providing incentives to make starting a new business much easier. By 2025, it was forecast that the number of newly registered businesses would reach over 20 thousand.

In 2024, around 4,694 startups resided in Hong Kong's co-working spaces and accelerators. This was an increase of ten percent compared to the previous year.

The number of tech startups in Nigeria was estimated to have exceeded 3,360 in 2024, the highest number in Africa. To follow, Egypt and Kenya counted approximately 2,112 and 1,000 startups in the same year, respectively. Other key African markets for startups were Algeria, Tanzania, Tunisia, and South Africa.

Israel has emerged as a powerhouse in the global AI startup landscape, boasting a median mosaic score of 700 across 72 funded AI companies in 2024. This impressive performance puts Israel at the forefront of emerging AI hubs worldwide, outpacing even established tech centers like the United Kingdom and Germany. While the United States maintains its lead with a median score of 680 across a staggering 1,881 funded AI startups, the global competition is intensifying as nations worldwide gain momentum in the AI race. Challenges and opportunities in AI development As AI startups continue to flourish, they face significant challenges in data management, which was identified as the largest obstacle to AI infrastructure development in 2023. Despite these hurdles, AI startups are commanding higher valuations than their non-AI counterparts, with seed-level AI startups seeing valuations 20 percent higher and Series B AI startups observing nearly 60 percent higher valuations. This trend underscores the growing investor confidence in AI technologies and their potential for disruption across various industries. Global research capacity and ethical considerations The United States leads the world in AI research capacity, maintaining a substantial lead over its nearest competitor, China. This dominance is partly attributed to the presence of tech giants like Microsoft, Google, Apple, and Amazon, which contribute significant private funding to AI research. As the field progresses, balancing innovation with responsible AI development will be crucial for emerging AI hubs worldwide.

In the third quarter 2024, companies with a B2B business model made up around 65 percent of financing rounds among startups in Germany. This data shows the share of startups in Germany that got to a financing round, categorized by type.

As of 2020, the average startup failure rate in Africa stood at 54 percent. However, the rate differed across countries. In Ethiopia and Rwanda, 75 percent of the startups ceased operations, while Kenyan startups had a failure rate of 24 percent in the same year.