Startup Genome: Singapore remains top startup ecosystem for clean tech, blue economy

Startup Genome and the Global Entrepreneurship Network today announced the special climate tech edition of The Global Startup Ecosystem Report during the 28th session of the Conference of the Parties (COP28) to the United Nations
Framework Convention on Climate Change (UNFCCC).

The report aims to explore the potential of Cleantech and the Blue Economy, examining the current state of startup activity and associated investments in those sectors and rankings reflecting which global ecosystems are currently driving innovation.

“This report is a combined edition examining both Cleantech and the Blue Economy, two tech startup sub-sectors that are closely interlinked but have unique characteristics. Cleantech refers to sustainable solutions in the fields of energy, water, transportation, agriculture, and manufacturing that include advanced materials, smart grids, water treatment, efficient energy storage, and distributed energy systems. The Blue Economy is defined as the sustainable use of ocean resources for economic growth, improved livelihoods, and job creation while preserving the health of the ocean ecosystem,” it elaborates.

Also Read: India and Southeast Asia’s climate tech sector set to reach US$350B by 2030

According to the report, in the Cleantech ecosystem categories, Singapore moved up an impressive 18 places, from number 26 to eight, and is the only Asian ecosystem in the top 10.

Meanwhile, Silicon Valley and London remained the world’s leading cleantech ecosystems, at number one and two, respectively.

The report also mentioned that Singapore remains the “world-leading” startup ecosystem for the Blue Economy thanks to
its high number of relevant startups and its strong university support for Blue Economy innovation.

Find more details about the global data in the following infographic.

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Image Credit: RunwayML

This article was first published on November 30, 2023.

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