The start-up ecosystem in the Greater Zurich Area has risen ten places in the Global Startup Ecosystem Report 2023 versus the previous year. It is now ranked in 36th place for the global rankings. As such, Zurich (as the region is referred to in the report) is the biggest climber in the most recent edition of the report – and not only in Europe, but also worldwide together with Singapore. It is the 11th edition of this report produced by Startup Genome, a global consultancy firm that advises governments and agencies on the ecosystems in their country or region.
The report describes Zurich’s performance as “impressive”. The number of exits in excess of 50 million US dollars, which has risen by +300 percent, was particularly important for the assessment. For example, the Zug-based healthtech firm Pharvaris achieved a valuation of 636 million US dollars in 2022.
The number of unicorns in the Greater Zurich Area start-up ecosystem has risen by four to now stand at six in total. These include, for example, the Zurich-based blockchain firm Dfinity, which according to the report is valued at 9.5 billion US dollars. A comparison of the period from July 1, 2019 to December 31, 2021 against the period running from July 1, 2020 to December 31, 2022 reveals that the total value of the ecosystem rose by nearly +60 percent across this time frame.
In Europe, London remains in top spot (global ranking: 3). In second place comes Berlin (13), with Amsterdam (14) and Paris (18) ranked third and fourth. In global terms, Silicon Valley leads the way. New York and London have to contend with a share of second place, followed by Los Angeles and Tel Aviv. Beijing, Singapore and Shanghai are the best-placed Asian cities in 7th, 8th and 9th place respectively.
