The Tokyo-Yokohama Area was ranked number one in a ranking of top startup ecosystems in Japan conducted by StartupBlink in 2022. The 2022 Global Startup Ecosystem Index Report, released on May 31, 2022, is the newest in an annual series of reports which includes comprehensively compiled indexes and ranking of the startup ecosystems of 1000 cities and 100 countries.
“The Tokyo-Yokohama Area remains a powerful hub of innovation in Asia. This ecosystem is ranked 15th globally and has a proven record of cutting-edge innovation. The Tokyo-Yokohama Area is also a global leader in Hardware & IoT where it ranks 8th in the world,” says Eli David, CEO, StartupBlink.
Tokyo and Yokohama are respectively the first and second largest cities in Japan by population. Recent strategic development of the startup ecosystem in Yokohama has helped the Tokyo-Yokohama Area to maintain and improve its current ranking globally over the last two years. 2022 is also the first year that Yokohama has been included by name in the ranking alongside Tokyo, which reflects its strong contribution to the area’s startup ecosystem. A special case study on Yokohama, included in the 2022 Global Startup Ecosystem Index Report, lists notable startups, coworking spaces, and accelerators, as well as public sector initiatives that the city offers and a list of reasons why companies looking for a location in Japan could prefer Yokohama over central Tokyo or other locations in Japan.
StartupBlink’s Insights on the Tokyo-Yokohama area’s Startup Economy for 2022:
- Tokyo-Yokohama Area is ranked 1st in Japan in the Index, and 5th in Asia. This ecosystem is 15th in the world, far ahead of 2nd-ranked Osaka which ranked 119th this year. Although the gap in ranking between Tokyo-Yokohama and Osaka decreased, there is an increase in the gap between the two cities’ achievements, as reflected by their total score. When looking at the gaps between Tokyo-Yokohama and Osaka, there is a difference of over 6 times compared to over 5 times in 2021.
- Tokyo-Yokohama Area is ranked 5th in Asia.
- The Tokyo-Yokohama Area is a leader in Hardware & IoT where it ranks 8th in the world.
- Japan has entered the global top 20 for the first time since its debut in 2017, overtaking South Korea.
About StartupBlink: StartupBlink is the world’s most comprehensive startup ecosystem map and research center. StartupBlink’s Global Startup Ecosystem Index 2022, released on May 31, 2022, ranks the startup ecosystems in 100 countries and 1000 cities. The Index algorithm is powered by official global data partners such as Crunchbase, SEMRush, UNAIDS, Meetup, and more than 100 governments worldwide.
The full 2022 Global Startup Ecosystem Index Report from StartupBlink can be downloaded for free here: https://lp.startupblink.com/report/.