Examining the Startup Ecosystems, Ensuring the Economic Growth of the World Countries

Abstract

Startups have recently become an important component of the modern economy, leading to an increase in its innovativeness and providing opportunities for a country to reach the best possible position in the competitive world market. The article is aimed at examining the ecosystems of startups of the countries around the world, their grouping and defining the key driving forces for the development of startups. The methodological basis of the article includes: an overview of international indices and rankings of startup ecosystems; the correlation, cluster, graphic, and statistical analyses. The structure and composition of the main international indices and rankings that characterize the conditions for the development of startups are examined. A correlation analysis of the main indices characterizing the level of development of startup ecosystem and the socioeconomic development of the world countries was carried out. This allowed to determine a noticeable relationship between: indicators of the Index of the most startup-friendly countries around the world and the Global Innovation Index; the number of startups per 1 thousand residents and the Global Startup Ecosystem Index; GDP per capita and the Global Innovation Index. A grouping of countries of the world was carried out using the cluster analysis, which was carried out in accordance with two groups of indicators. The analysis of the first group of indicators (the Index of the most startup-friendly countries in the world, the Global Startup Ecosystem Index and the number of startups per 1 thousand residents) allowed to allocate three clusters according to the level of development of the startup ecosystem: leading countries, potential leaders, and catching up countries. A group of countries that, according to the classification, are leaders in terms of both the development of startup ecosystems and socioeconomic development is defined. The main directions of bridging the gap in the development of startups in both the catching up countries and the developed countries of the world are identified: ensuring the transparency of startup ecosystems and their mutual coordination with the country’s innovation policy; promoting entrepreneurial and startup-based thinking in science and research; promoting the formation of a more friendly attitude of society to startups; attracting more employees from the academic, scientific and entrepreneurial spheres, whose activities, in cooperation with the government, should be directed to the development of science-intensive and technological startups.

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