Jumps continues to shape the domestic startup ecosystem, with our country among the 100 most startup-friendly countries in the world, ranking 38th in the corresponding Startup Blink ranking.

The countries included in the Top 100 Startup Countries 2022 list provide entrepreneurs with very good infrastructure as well as overall business opportunities to help run a startup. In 2022, our country moved up 16 positions compared to the previous year, followed by China (39th), Bulgaria (40th), Russia (41st), Chile (42nd).

The business ranking that countries have developed to grow startups takes into account factors such as internet speed, investment in research and development, availability of technology services, number of patents per capita, quality of universities, level of English, innovation index, regulatory environment, how favorable business environment, etc.

The list is dominated by European countries, with Sweden being the most start-up-friendly country, followed by the UK, Norway, Denmark and Finland. The US is in 6th place, followed by Australia, New Zealand, Switzerland and Germany, rounding out the top 10 startup-friendly countries.

In 2022, it moved up 16 positions from 2021 in the relative Startup Blink rankings.

According to Startup Blink, an organization that compares and ranks the startup ecosystems of 1,000 cities in 100 countries, Europe tops the corresponding list with 21 countries in the 30 friendliest countries, Asia-Pacific with 5, North America with 2 and the Middle East and Africa with 2. Among the top 100 startup growth countries, 70% are hosted in Europe, 13.3% in Asia, 6.7% in Asia Pacific, while a corresponding percentage is found in South America. A smaller percentage of the relative rating, about 3.3%, is occupied by the countries of the Middle East and Africa. Between 2021 and 2022, Luxembourg, Singapore and Latvia were the countries that improved their position the most. Luxembourg has moved up from 41st to 30th, Singapore has moved up from 28th to 17th, and Latvia has moved up from 36th to 27th. In contrast, the protagonist, the United States, lost five places between 2021 and 2022, while Denmark and Norway, which are among the top five friendliest countries in the world for startups, moved up 2 places. Low positions in the ranking are taken by such countries as Nepal, Bangladesh, Kuwait, and Bosnia and Herzegovina, while Cyprus is ranked 52nd, up 5 positions compared to the previous year.