The Global Startup Ecosystems Report (GSER) for the year 2018 is out and it sheds light on the strategic startup, investment and policy insights from more than 45 cities around the world.
The GSER 2018 by Startup Genome and Global Entrepreneurship Network (GEN) was first revealed during this year’s Global Entrepreneurship Congress (GEC), hosted by Istanbul, Turkey from April 15 to 19, 2018.
Bahrain’s startup ecosystem, showcased as one of the best in the Middle East and North Africa, was also represented in its full glory in the report.
It focused on the Kingdom’s FinTech, gaming, and cloud computing sector. Understandably so — after all, the growth in these three sectors have been tremendous for awhile now, making them lucrative investment choices for investors all over the world. Bahrain’s startup ecosystem is lead by the kingdom’s startup community, StartUp Bahrain. Another common factor that ties these three sectors together is that all of them are backed by Bahrain’s fully and semi-government organizations such as Tamkeen (labor fund) and the Bahrain Economic Development Board (EDB).
Dr Ebrahim Mohammed Janahi, CE of Tamkeen, praised the GSER report by saying, “This report benchmarks the global performance levels as well as requirements needed by the different cities and countries around the world, to enhance sustainability in the different economic activities, for a promising economic and developmental vision.”
On a related note, Bahrain was recently picked as the venue that will be hosting the Global Entrepreneurship Congress (GEC) 2019. If current estimates are to be taken at face value, next year’s edition of GEC will attract several thousand participants from more than 170 countries around the world.
For more details, go ahead and download the full report from the Startup Genome website.