Lisbon fell 24 positions in the world ranking of cities most conducive to the development of startups in 2024. It is now in position 86.the lowest ranking since 2020, reversing last year’s 21-position rise.
Portugal continues the downward trend and falls three positions, to 29th place, marking one of the steepest falls in the world top 30. The ranking and conclusions are from StartupBlink, which annually determines the Global Startup Ecosystem Index.
“Despite maintaining six ecosystems in the top 1,000, in line with last year, the three main Portuguese ecosystems recorded a drop this yearwhich indicates a negative global trend,” highlights the report.
Despite its decline in the global ranking, Lisbon dominates the Portuguese startup ecosystem, surpassing Porto by more than double the total score. Porto, which fell 20 places, fell out of the world top 150 and the European top 50. Already Leiria is the Portuguese city that shows the greatest progress. It rises 33 places in the world ranking of cities with the best prospects for startups to establish themselves.
StartupBlink National Ranking
The decline of the Portuguese capital in the ranking can also be seen in relation to its European position. Among the cities of the European Union (EU), Lisbon falls 4 positions, to position 16. In European cities it falls 8 positions, to position 24.
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“The Global Startup Ecosystem Index is built using hundreds of thousands of data points processed by an algorithm that takes into account several dozen sets of parameters,” reports StartupBlink, which ensures that the rankings “are as accurate as possible.” “, basing its algorithm on “objective and quantifiable data that can be measured comparatively between regions, countries and cities.” The study does not use subjective tools, such as surveys and interviews.
Source: Observadora
