Why in news?

The GSER was released in the backdrop of the ongoing London Tech Week 2022, which brings together global governments and corporate leaders, inspirational start-up founders and investors to discuss the power of technology for societies.

Highlights

• Bengaluru held on to its record trend of attracting technology investments and other Indian cities such as Mumbai and Delhi and hubs such as Telangana and Kerala are also making a mark on the global start-up ecosystems charts, according to new research
• Bengaluru is the leading Asian city and fifth-ranked hub in the world for tech venture capital (VC) investment in 2022.
• A separate ‘Global Start-up Ecosystem’ report from Start-up Genome found that the Asian scenario in the sector once dominated by Beijing, Singapore, Hong Kong, and Korea is now being considerably disrupted by the likes of Bengaluru, Mumbai, and Delhi.
• Bengaluru ranked 22nd in the global start-up ecosystem index due to major improvements in its market reach and access to funding, Delhi moved up an impressive 11 places coming in at No. 26, with Mumbai at No. 36.

About GSER

• The GSER was released to bring together global governments, inspirational start-up founders, investors and corporate leaders, to discuss the power of technology for societies. This year, ranking has been decided jointly by policy advisory and research organization Start-up Genome and Global Entrepreneurship Network. The first ever GSER was published in 2020.