Exponential Entrepreneurship's Talent and Policy APEXE National Report G20 Pilot: How countries transform innovative potential into exponential entrepreneurship

Aptitudes and Policies for EXponential Entrepreneurship into exponential entrepreneurship. Table ofContents 16Methodology 0103About Us04About Startup Genome06About Our Global Partners 28Acknowledgments 0208Introducing the APEXE Report - G20 Pilot 0312Global Rankings & Insights About Us ecosystem development organization, having workedwith more than 170 economic and innovation ministries Impactful innovation policypowered by global experienceand data-driven knowledge. all cities and countries capture their fair share of the new economy. StartupGenome strategy clients grew their ecosystem values 59% faster than peers(41% vs. 25%). On average, Startup Genome clients produced $1.4 billion peryear more in ecosystem value from an average starting point of $9.2 billion.Our evidence-based ecosystem research, advisory, and scaleup programs We work with forward-looking governments and private sector organizations to accelerate the success of their startupStartup Genome's Services ecosystems to fuel the growth of more startups, sustainable economic growth, and job growth. Utilizing renowned frameworks Supporting local leadership Establishing a global network of innovation Enhancing ecosystem visibility and Developing strategies for ecosystem development and differentiationConducting scenario modeling todetermine economic impact• in executing key policies andMeasuring and reporting the impact policymakers in 60+ countriesProviding access to the latest researchand policy best practices, and facilitating strategic positioningFocusing on attractingentrepreneurs, talent, and investorsthrough targeted efforts and data science capabilities fordecision-makingAssessing ecosystem performance• About Our Global Partners in technological innovation and entrepreneurship. business. By fostering deeper cross-border collaboration and initiatives betweenentrepreneurs, investors, researchers, policymakers and entrepreneurial supportorganizations, GEN fuels healthier start and scale ecosystems that create morejobs, provide education, accelerate innovation, and strengthen economic growth. Research Partners Every day investors, journalists, founders, and the global business communityturn to Crunchbase for information on startups and the people behind them. most prominent investors, entrepreneurs and government organizations toprovide transparency, analysis and insights on venture capital activity. Our missionis to accelerate entrepreneurship & innovation through data for governments, Introduction Introducing the APEXE Report - G20 Pilot The future of everyeconomy and of itsnext generationsdepends on Methodology for our definition of startups). Not onlydo the startup ecosystems of Startup Genome’s clientsgrow faster, but, inevitably, their economies do as well.Economies that invested in startup policies in the mid-1990s, and those that followed their most impactfulincreasingly captured by global corporations in othercountries or continents. Corporate R&D is fraught withthe same mobility problem, while efficiency gains reduceemployment and value is eroded by the relentless andgrowing tech competition. and Global Entrepreneurship Network give economicdevelopment and innovation ministries of nationalgovernments around the world a unique toolkit. As wehave built on the city level over 12 years for the GlobalStartup Ecosystem Report (GSER), the APEXE framework immediate and largeinvestments in thedepends on immediate and large investments in thedevelopment of startup ecosystems. governments and agencies to measure the effectivenessof their policies and investments into startup ecosystems.The APEXE Nations Report will play the same role at thecountry level. It pilots the first-ever balanced scorecardof the effectiveness of a country’s policy actions and gapsTech startup ecosystems have grown faster over the lastthree decades than any other sector — even faster thanthe automotive sector 100 years ago, semiconductors,and telecom. Corporate and university R&D hasdiminished in relative importance, in terms of its power to drive a city or country’s economic prosperity. ManyStartups in the G20Startup ecosystems produce tremendous value, creatingnovel products and business models that create jobs,increase corporate competitiveness, drive economic growth, and often address social challenges. For a city,a portion of this value can be quantified by its techstartup’s Ecosystem Value (EV), a measure that has ecosystems. Through this status quo, governmentscontinue to bet their future economies on the diminishingreturn of traditional economic development plans, orhope that their edge in traditional R&D will help fuelEcosystem Value is the sum of all startup exits andfunding valuations of the past 2.5 years. In the UnitedStates, for example, the national Ecosystem Value (thesum of all of its cities’ startup ecosystems) at the end world. They are city-based, self-regenerating economicpowerhouses that have created seven of