Bahrain’s start-up ecosystem has emerged as a leading regional challenger, second only to Amman in Jordan, according to new research.
The Global Startup Ecosystem Report 2021 (GSER2021) by Startup Genome and the Global Entrepreneurship Network notes that affordable talent and funding have made the kingdom one of the top 10 in the region in terms of technical talent and among the top 15 ‘Bang for Buck’ ecosystems – which measures the average amount of venture capital of start-ups working in the technology sector.
According to the GSER2021, which was released yesterday during London Tech Week 2021, Bahrain’s start-up ecosystem is valued at over $100m with more than $50m in early-stage funding.
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