The World Economic Forum has recently released the first-ever global ranking of startup policies through the APEXE Report, aimed at assessing how effectively countries convert innovation potential into thriving startup ecosystems. This framework is a significant tool for governments to identify gaps, adopt best practices, and accelerate economic growth through effective startup policies.
The report highlights the growing importance of startup ecosystems as the primary drivers of economic development. Countries like South Korea, Germany, and Brazil have been noted for their advanced policies that foster innovation, with South Korea’s proactive measures setting it apart, overtaking Germany in startup ecosystem performance. Brazil, despite its lower innovation potential, has shown impressive startup growth, though its future trajectory depends on further policy advancements.
The APEXE Report emphasizes the need for robust investment in startups, particularly post-pandemic, to ensure long-term economic sustainability. The research provides nations with a roadmap to boost their startup environments, contributing to global economic competitiveness.
Countries that act swiftly and strategically in implementing startup-friendly policies will see increased innovation and a more dynamic economic future.