Successfully reported this slideshow.
We use your LinkedIn profile and activity data to personalize ads and to show you more relevant ads. You can change your ad preferences anytime.

Asia Tech Research: Asia Matters 2/4 (Asian Startup Ecosystems)

2,839 views

Published on

Asia Tech Podcast http://www.ATP.show
Asia Tech Research http://www.AsiaTechResearch.com
Asian Startup Ecosystems
by Graham D Brown

Published in: Career
  • DOWNLOAD FULL BOOKS, INTO AVAILABLE FORMAT ......................................................................................................................... ......................................................................................................................... 1.DOWNLOAD FULL. PDF EBOOK here { https://tinyurl.com/y3nhqquc } ......................................................................................................................... 1.DOWNLOAD FULL. EPUB Ebook here { https://tinyurl.com/y3nhqquc } ......................................................................................................................... 1.DOWNLOAD FULL. doc Ebook here { https://tinyurl.com/y3nhqquc } ......................................................................................................................... 1.DOWNLOAD FULL. PDF EBOOK here { https://tinyurl.com/y3nhqquc } ......................................................................................................................... 1.DOWNLOAD FULL. EPUB Ebook here { https://tinyurl.com/y3nhqquc } ......................................................................................................................... 1.DOWNLOAD FULL. doc Ebook here { https://tinyurl.com/y3nhqquc } ......................................................................................................................... ......................................................................................................................... ......................................................................................................................... .............. Browse by Genre Available eBooks ......................................................................................................................... Art, Biography, Business, Chick Lit, Children's, Christian, Classics, Comics, Contemporary, Cookbooks, Crime, Ebooks, Fantasy, Fiction, Graphic Novels, Historical Fiction, History, Horror, Humor And Comedy, Manga, Memoir, Music, Mystery, Non Fiction, Paranormal, Philosophy, Poetry, Psychology, Religion, Romance, Science, Science Fiction, Self Help, Suspense, Spirituality, Sports, Thriller, Travel, Young Adult,
       Reply 
    Are you sure you want to  Yes  No
    Your message goes here
  • Be the first to like this

Asia Tech Research: Asia Matters 2/4 (Asian Startup Ecosystems)

  1. the digital frontier REPORT 2 ASIATECH RESEARCH Asian Startup Ecosystems
  2. #asiamatters ASIATECHRESEARCH Graham D Brown Report Author Thanks for reading my #asiamatters Report “Asian Startup Ecosystems”.To learn more about what I do, and get regular updates and insights from my Asian research, connect with me on Linkedin. Connect with me on Linkedin
  3. download them free from www.AsiaTechResearch.com #asiamatters Get All 4 Reports in this Series ASIATECHRESEARCH
  4. #asiamatters ASIATECHRESEARCH Introduction
  5. #asiamatters ASIATECHRESEARCH 1. Risk Capital 2. Role Models 3.Accelerators 4. Events 5.Talent 6. Coworking Spaces City Data What’s inside Part 2? Introduction You can click the image to jump there
  6. #asiamatters ASIATECHRESEARCH Welcome back! In Part 1 we learned about how Asia’s Megacities are the core engines of growth ASIATECHRESEARCH
  7. #asiamatters ASIATECHRESEARCH …from Megacity powerhouses like Shanghai If you missed Part 1 of our report you can get it free at AsiaTech Podcast - click the Asia Matters link in the nav bar ASIATECHRESEARCH
  8. #asiamatters ASIATECHRESEARCH …to emerging hubs of innovation like Shenzhen in the Chinese Greater Bay… ASIATECHRESEARCH
  9. #asiamatters ASIATECHRESEARCH Beyond SiliconValley itself, I believe that the next Silicon Valley is… undoubtedly China. Shenzhen is just one of several cities in China that blow other contenders for the next SiliconValley out of the water… The fact is, China’s tech industry is evolving so rapidly, it catches veterans off guard. - Reid Hoffman, CEO Linkedin
  10. #asiamatters ASIATECHRESEARCH In Part 2 we’ll learn which Startup Cities in Asia are getting it right by unpacking our own analysis and data… The goal wasn’t to analyse which cities were the best funding but, as we’ll discover, measure the whole package a city offers Startup talent. ASIATECHRESEARCH
  11. #asiamatters ASIATECHRESEARCH We’ll also look at all of these
  12. #asiamatters ASIATECHRESEARCH To rank Asian Startup Cities… I included a wide set of data to offset individual bias. Looking at 3 main ecosystem surveys (including our own) you can see big differences in results.Take a look, for example, at Beijing…
  13. #asiamatters ASIATECHRESEARCH Aggregation of 3 major surveys shows significant disparities Rankings of Asian Startup Cities Beijing’s rankings vary widely
  14. #asiamatters ASIATECHRESEARCH So, to get a more complete picture, I aggregated 14 key indices across the 15 Asian Cities ranking everything from access toVenture Capital to Economic Growth. Here’s how it breaks down…
  15. #asiamatters ASIATECHRESEARCH Startup city ranking based on aggregation of 14 key indices ASIATECHRESEARCH best ASIATECHRESEARCHThe Startup City Ranking 2018
  16. #asiamatters ASIATECHRESEARCH Startup city ranking based on aggregation of 14 key indices ASIATECHRESEARCH The gold standard of Asian Startup Cities The 14 Indices (see appendix for detail) Think of this as version 0.1 of the ranking.The goal isn’t to create a scientific survey but to get the #asiamatters conversation started ASIATECHRESEARCHThe Startup City Ranking 2018
  17. #asiamatters ASIATECHRESEARCH Ranking #1 Score: 147 Singapore Ranking #2 Score: 132 2 Hong Kong Ranking #3 Score: 120 3 Shanghai TheTop 3 Asian Startup Cities ASIATECHRESEARCHThe Startup City Ranking 2018
  18. #asiamatters ASIATECHRESEARCH Ranking #1 Score: 147 Singapore Ranking #2 Score: 132 2 Hong Kong Ranking #3 Score: 120 3 Shanghai TheTop 3 Asian Startup Cities City Rank out of the 15 cities in this report ASIATECHRESEARCHThe Startup City Ranking 2018
  19. #asiamatters ASIATECHRESEARCH Ranking #1 Score: 147 Singapore Ranking #2 Score: 132 2 Hong Kong Ranking #3 Score: 120 3 Shanghai TheTop 3 Asian Startup Cities Score based on aggregation of 14 major startup indices ASIATECHRESEARCHThe Startup City Ranking 2018
  20. #asiamatters ASIATECHRESEARCH While Singapore may not offer the scale of Shanghai or the capital of startup cities like Beijing… #asiamatters ASIATECHRESEARCH
  21. #asiamatters ASIATECHRESEARCH Singapore offers the most potential for 2018: access to ASEAN combined with world class infrastructure and quality of life. #asiamatters ASIATECHRESEARCH
  22. #asiamatters ASIATECHRESEARCH Startup Cities shouldn’t just be measured on the ability to raise capital, but also the fact that founders have to live there too. #asiamatters ASIATECHRESEARCH
  23. #asiamatters ASIATECHRESEARCH In a market place where both talent and capital are increasingly location independent, Startup Cities need to compete on the whole package. #asiamatters ASIATECHRESEARCH
  24. #asiamatters ASIATECHRESEARCH Chinese Startup Cities - Shenzhen, Beijing and Shanghai now rank alongside SiliconValley in terms of capital… #asiamatters ASIATECHRESEARCH
  25. #asiamatters ASIATECHRESEARCH But diminishing Outsize Returns combined with quality of life mean China still represents a risk for external investment. #asiamatters ASIATECHRESEARCH
  26. #asiamatters ASIATECHRESEARCH Here are some bonus visualisations of our Startup City Ranking 2018
  27. #asiamatters ASIATECHRESEARCH Startup city ranking based on aggregation of 14 key indices 1. Singapore 2 2. Hong Kong 3 3. Shanghai 7. KL 8. Shenzhen 9. Jakarta 10. Bangkok 4. Seoul 5.Tokyo 6. Beijing SingaporeH ongKongShanghai Seoul Tokyo Beijing KL Shenzhen Jakarta Bangkok TaipeiBangaloreH CM C Fukuoka M anila 68 81 90 98 106107107109113114116117120 132 147 ASIATECHRESEARCHThe Startup City Ranking 2018
  28. #asiamatters ASIATECHRESEARCH Singapore Hong Kong Shanghai Seoul Tokyo Beijing KL Shenzhen Jakarta Bangkok Taipei Bangalore HCMC Fukuoka Manila 68 81 106 107 107 109 113 114 116 117 120 132 147 90 98 Tokyo Taipei Shanghai Shenzhen Hong Kong Bangkok Bangalore Kuala Lumpur Singapore Jakarta Seoul Beijing HCMC Fukuoka Manila Startup city ranking based on aggregation of 14 key indices ASIATECHRESEARCH ASIATECHRESEARCHThe Startup City Ranking 2018
  29. #asiamatters ASIATECHRESEARCH Startup Cities should also be measured in terms of potential rather than history.The following slides warn of an impending shift in Asia. #asiamatters ASIATECHRESEARCH
  30. #asiamatters ASIATECHRESEARCH I was curious to find patterns within this data, so began cross-correlating related sets, in search of visualizations. This next slide tells a great story about the evolution of Asian Startup Cities.
  31. #asiamatters ASIATECHRESEARCH high growthlow growth highstartup density lowstartup density (3) accelerating (4) crowded (2) emerging (1) early Ecosystems by growth by quadrant (bubble size = GDP of city) ASIATECHRESEARCH ASIATECHRESEARCHThe Startup City Matrix 2018
  32. #asiamatters ASIATECHRESEARCH high growthlow growth highstartup density lowstartup density (3) accelerating (4) crowded (2) emerging (1) early Ecosystems by growth by quadrant (bubble size = GDP of city) ASIATECHRESEARCH We’ll reference The Startup City Matrix throughout this report In the next slide, we can see how it breaks down by quadrant… ASIATECHRESEARCHThe Startup City Matrix 2018
  33. #asiamatters ASIATECHRESEARCH high growthlow growth highstartup density lowstartup density (3) accelerating (4) crowded (2) emerging (1) early Ecosystems by growth by quadrant (bubble size = GDP of city) ASIATECHRESEARCH market plateaumarket momentum front-running frontier high growthlow growth highstartup density lowstartup density ASIATECHRESEARCHThe Startup City Matrix 2018
  34. #asiamatters ASIATECHRESEARCH The Startup City Matrix has a significant bearing on the nature of local startup ecosystem. For example, the availability and movement of capital. Look at the next 3 slides - the Matrix and how that’s reflected in the news…
  35. #asiamatters ASIATECHRESEARCH high growthlow growth highstartup density lowstartup density (3) accelerating (4) crowded (2) emerging (1) early Ecosystems by growth by quadrant (bubble size = GDP of city) ASIATECHRESEARCH market plateaumarket momentum front-running frontier high growthlow growth highstartup density lowstartup density movement of risk capital ASIATECHRESEARCH ChinaSEAsia North East Asia ASIATECHRESEARCHThe Startup City Matrix 2018
  36. #asiamatters ASIATECHRESEARCH
  37. #asiamatters ASIATECHRESEARCH 2018 will see an increasingly aggressive push by Chinese Risk Capital into South East Asia in search of Outsize Returns. I’ll explain why in the following slides… #asiamatters ASIATECHRESEARCH
  38. #asiamatters ASIATECHRESEARCH South East Asia:The next big startup frontier ? #asiamatters ASIATECHRESEARCH
  39. #asiamatters ASIATECHRESEARCH What makes a successful Startup City in Asia? 5.Talent 4. Events 3.Accelerators 6. Coworking Spaces 1. Risk Capital 2. Role Models The 6 Core Components of Startup City success Let’s start by looking at the 6 Core Components of Startup City success and use the Startup City Matrix to understand challenges and opportunities in Asia…
  40. #asiamatters ASIATECHRESEARCH 1. Risk Capital
  41. #asiamatters ASIATECHRESEARCH 1. Risk Capital 2. Role Models 3.Accelerators 4. Events 5.Talent 6. Coworking Spaces City Data Table of Contents Introduction You can click the image to jump there
  42. #asiamatters ASIATECHRESEARCH Only 5% behind North America $70.8 bn Asia $74.5 bn N America Disclosed Startup Investment ($ Billions) 2017 ASIATECHRESEARCH
  43. #asiamatters ASIATECHRESEARCH DisclosedFunding($Bn) 0 10 20 30 40 50 60 2010 2011 2012 2013 2014 2015 2016 2017 SOURCE:ASIATECHRESEARCH BASED ON PREQIN & BLOOMBERG DATA China is the Standout Leader in Asian Startup Funding ASIATECHRESEARCH Startup Funding Reached $58.5 billion in China 2017
  44. #asiamatters ASIATECHRESEARCH To better understand this rapid growth in Asian startup funding, …we need to better understand Risk Capital…
  45. #asiamatters ASIATECHRESEARCH This is NOT Risk Capital …it’s entertainment If we want to succeed in Asia, we need to model the fundamentals of Startup City success - the conversation - rather than the superficials - the entertainment.
  46. #asiamatters ASIATECHRESEARCH We have to choose: Does Asia need more Entertainment or Conversation to grow the Startup Ecosystem? It’s a theme we’ll come back to in future slides of this report.At ATP we believe in Conversation, like defining what Risk Capital is…
  47. #asiamatters ASIATECHRESEARCH Econom ic Shift Success W ealth Shift Risk C apital Expanding economy creates new generation of entrepreneurs New generation of startups obtain success and wealth Entrepreneurs diversify out of traditional asset classes into startups Older generation finance younger generation of entrepreneurs ASIATECHRESEARCH Angel Investor based in Singapore with, ex head of E-Trade Asia “Being from Myanmar, it was difficult since the investment seemed risky. Eventually, we raised US$150,000 from Blibros and $50,000 from our angel investor, Ned Phillips.” Ned Phillips Ye “Jeff” Myan Min This is Risk Capital …and Risk Capital takes time to emerge within an Ecosystem Capital Cash allocated to traditional asset classes e.g. stocks, fixed income, funds, bricks’n’mortar businesses, real estate Cash invested in non- traditional assets, with greater risk:return e.g. startups Risk Capital
  48. #asiamatters ASIATECHRESEARCH Econom ic Shift Success W ealth Shift Risk C apital Expanding economy creates new generation of entrepreneurs New generation of startups obtain success and wealth Entrepreneurs diversify out of traditional asset classes into startups Older generation finance younger generation of entrepreneurs ASIATECHRESEARCH Angel Investor based in Singapore with, ex head of E-Trade Asia “Being from Myanmar, it was difficult since the investment seemed risky. Eventually, we raised US$150,000 from Blibros and $50,000 from our angel investor, Ned Phillips.” Ned Phillips Ye “Jeff” Myan Min This is Risk Capital …and Risk Capital takes time to emerge within an Ecosystem Capital Cash allocated to traditional asset classes e.g. stocks, fixed income, funds, bricks’n’mortar businesses, real estate Cash invested in non- traditional assets, with greater risk:return e.g. startups Risk Capital Angel investors take time to emerge in any given Startup City, requiring a 2nd generation of entrepreneurs with exits to come through
  49. #asiamatters ASIATECHRESEARCH angel investors startup accelerators venture capitalists corporate ventures stage of investment sizeofinvestment The 4 Main Sources of Risk Capital
  50. #asiamatters ASIATECHRESEARCH Special Feature Podcast Ned Phillips, Angel Investor Singapore Listen to the Podcast interview with Ned Phillips You’ll find these interview resources throughout the report. If you’re interested in a specific subject, these are a good opportunity to “zoom in”.
  51. #asiamatters ASIATECHRESEARCH Investors in Asia: We want to see less of that and more of this… That: Entertainment This: Conversation Disempowering narratives that feature celebrity billionaire investors. Asia-wide connectivity between local angels who are a part of the community.
  52. #asiamatters ASIATECHRESEARCH Special Feature Podcast Tiang Lim Foo, Partner Seedplus Listen to the Podcast interview with Tiang Lim Foo
  53. #asiamatters ASIATECHRESEARCH Special Feature Podcast Rina Neoh, Angel Investor Singapore Listen to the Podcast interview with Rina Neoh
  54. #asiamatters ASIATECHRESEARCH Special Feature Podcast Steven Liew, Angel Investor Fukuoka Listen to the Podcast interview with Steven Liew
  55. #asiamatters ASIATECHRESEARCH high growthlow growth highstartup density lowstartup density (3) accelerating (4) crowded (2) emerging (1) early Distribution of Risk Capital by market stage ASIATECHRESEARCH market plateaumarket momentum front-running frontier high growthlow growth highstartup density lowstartup density movement of risk capital ASIATECHRESEARCH ASIATECHRESEARCHThe Startup City Matrix 2018
  56. #asiamatters ASIATECHRESEARCH Rather than Google, Facebook or Microsoft… …increasingly Chinese duo Alibaba andTencent are the driving forces behind the importing of large sums of capital and vast business experience into Southeast Asia’s most promising startups. -TechCrunch 22 Jul 2017 ASIATECHRESEARCH TenCent Sequoia China DST Global QimingVentures Temasek Softbank Tiger Global Alibaba GIC GGV Capital Ant Financial CICC IDG Capital Hillhouse Capital 5 5 5 5 5 6 6 6 7 7 8 8 13 19 SOURCE:ASIA TECH PODCAST BASED ON CB INSIGHTS DATA Investments in Asian Unicorns The probability of Outsize Returns is now greater outside of China than inside.
  57. #asiamatters ASIATECHRESEARCH The Search for Outsized Returns Forces Risk Capital into Southeast Asia 2000-2007 2008-2015 2016-2023 Evolution Maturation Reallocation Demographic advantage creates profit. Seeking greater returns, Chinese investors provide Risk Capital to Chinese startups Returns peak then plateau as valuations spike, market saturates Chinese investors shift Risk Capital outside China where valuations offer better returns ASIATECHRESEARCH
  58. #asiamatters ASIATECHRESEARCH 0 100 200 300 400 500 0 2,000 4,000 6,000 8,000 10,000 2012 2013 2014 2015 2016 2017 Funding # Deals South East Asian Venture Funding Grows >100% in a Year ASIATECHRESEARCH DisclosedFunding($M) #Deals SOURCE:ASIA TECH PODCAST #asiamatters ASIATECHRESEARCH
  59. #asiamatters ASIATECHRESEARCH Through their investments and acquisitions, it’s very clear that Alibaba andTencent are interested in Southeast Asia. They share our vision, that this region is ripe for opportunities in the e-commerce, payments, and marketplaces space. -Vinnie Laura, Partner Golden GateVentures
  60. #asiamatters ASIATECHRESEARCH …it’s not allTenCent and AliBaba
  61. #asiamatters ASIATECHRESEARCH
  62. #asiamatters ASIATECHRESEARCH 2. Role Models Everyone learns through story, and Role Models - in particular relatable Role Models - are more important than money in nurturing successful entrepreneurs.
  63. #asiamatters ASIATECHRESEARCH 1. Risk Capital 2. Role Models 3.Accelerators 4. Events 5.Talent 6. Coworking Spaces City Data Table of Contents Introduction You can click the image to jump there
  64. #asiamatters ASIATECHRESEARCH he’s cool and all that but… 1. he ain’t Asian 2. he doesn’t live in Asia 3. he builds spaceships… #asiamatters ASIATECHRESEARCH
  65. #asiamatters ASIATECHRESEARCH The media is dominated by a repetitive narrative that favours one geography and one race. Definition of hegemony 1 : preponderant influence or authority over others 2 : the social, cultural, ideological, or economic influence exerted by a dominant group
  66. #asiamatters ASIATECHRESEARCH When the “West” says “you don’t need to be in Silicon Valley” it really means… North Carolina and Boise. Uptake (Chicago, Illinois) Pendo (Raleigh, North Carolina) Lisnr (Cincinnati, Ohio) Duo Security (Ann Arbor, Michigan) Cradlepoint (Boise, Idaho) Lessonly (Indianapolis, Indiana) Qualtrics (Provo, Utah)
  67. #asiamatters ASIATECHRESEARCH But, some in the “West” are waking up to the existence of Asians who aren’t just copycats but also successful entrepreneurs #asiamatters ASIATECHRESEARCH
  68. #asiamatters ASIATECHRESEARCH Uber Didi Chuxing Xiaomi AIrbnb SpaceX Palantir Wework Lu.com China Internet Pinterest $ 12.3bn $ 18bn $ 18.5bn $ 20bn $ 20bn $ 21.2bn $ 29.3bn $ 46bn $ 50bn $ 68bn SOURCE:ASIA TECH PODCAST BASED ON CB INSIGHTS DATA 2017 4 of the World’s 10 Most Valuable Private Companies are Chinese …but few people outside of Asia have ever heard of them SOURCE:ASIA TECH PODCAST BASED ON ALPHABETA DATA 2017 Top 10 Asian Cities for Tech Startup Density* (*startups per mn pop) 1. Beijing 2. Shenzhen 3. Shanghai 4. Singapore 5. Kuala Lumpur 6. Taipei 7. Bangkok 8. Bangalore 9. Hong Kong 10. Ho Chi Minh City
  69. #asiamatters ASIATECHRESEARCH high growthlow growth highstartup density lowstartup density (3) accelerating (4) crowded (2) emerging (1) early Evolution of startup role models relative to stage of Startup City development ASIATECHRESEARCH well known startup narratives & role models role models well known within startup community but less so in mainstream media handful of celebrity entrepreneurs but noticeable lack of grass roots role models successful case studies usually focused on expat business community high growthlow growth highstartup density lowstartup density ASIATECHRESEARCHThe Startup City Matrix 2018
  70. #asiamatters ASIATECHRESEARCH The big dragons provided role models, but even more significantly, they built the infrastructure crucial for today’s high tech boom, including the cloud services that allow any twenty-something to launch a business overnight and immediately start billing customers. - Wired Magazine 29/12/15
  71. #asiamatters ASIATECHRESEARCH In the Pantheon of Startup Role Models, Grassroots Comes Last Early stage market where entrepreneurs borrow celebrity role models from overseas Developing market where entrepreneurs get their own local celebrities Mature market where entrepreneurs have access to a wide set of grass- roots role models International Celebrity Entrepreneur Local Celebrity Entrepreneur Local Grassroots Entrepreneur
  72. #asiamatters ASIATECHRESEARCH We need to go further… Celebrities grab headlines, but the real work often happens behind the scenes and it’s those entrepreneurs - people like you and me - who provide the most attainable role models for the next generation…
  73. #asiamatters ASIATECHRESEARCH KennyThing (UforLife) William Bao Bean (Chinaccelerator) Adhi Brahmantya Casey Lau (RISE) Andrew Liew (QICStart) Hassan Syed (IdeaGist) ChristineTeo (Startup Asia Women) Craig Dixon (Muru-D) Bay McLaughlin (Brinc) Ben Wong (Startup Launchpad) 74 74 76 78 79 122 129 179 487 827 SOURCE:ASIA TECH PODCAST 2017 AsiaTech Podcast Poll of registered Linkedin Users 2017 n=2861 Who has contributed most to the Startup Ecosystem in your City? Real people doing real things solving real problems.
  74. #asiamatters ASIATECHRESEARCH Role Models in Asia: We want to see less of that and more of this… That: Entertainment This: Conversation Global celebrities who indirectly reinforce Western startup hegemony Local entrepreneurs “in the trenches” who provide a relatable Role Model
  75. #asiamatters ASIATECHRESEARCH 3. Startup Accelerators
  76. #asiamatters ASIATECHRESEARCH 1. Risk Capital 2. Role Models 3.Accelerators 4. Events 5.Talent 6. Coworking Spaces City Data Table of Contents Introduction You can click the image to jump there
  77. #asiamatters ASIATECHRESEARCH Startup Accelerators are a core component of readying early stage businesses for investment and market entry. #asiamatters ASIATECHRESEARCH
  78. #asiamatters ASIATECHRESEARCH Asia is Rich in Startup Accelerators BNV Lab ImpacTech muru-D Chinaccelerator MaGIC The Finlab Sparklabs AIA Accelerator JungleVentures Supercharger 20 26 31 32 32 41 57 116 127 256 Top 10 Asian Accelerators SOURCE:ASIA TECH PODCAST 2017 AsiaTech Podcast Poll of registered Linkedin Users 2017 n=938
  79. #asiamatters ASIATECHRESEARCH When we began collecting data in 2013 to explore differences between startup acceleration in emerging markets and in high-income countries, we expected stark differences. However, we were surprised to find far fewer differences in the effects of acceleration than we had expected. - Harvard Business Review Oct 2017
  80. #asiamatters ASIATECHRESEARCH high growthlow growth highstartup density lowstartup density (3) accelerating (4) crowded (2) emerging (1) early Evolution of startup accelerators relative to stage of Startup City development ASIATECHRESEARCH Accelerators maturing after successive cycles, now attracting large numbers of local talent Accelerators enter successive cycles, choosing to grow, diversify or close Accelerator market either early experiments with little case history or branches of global brands Underdeveloped accelerator market with increasing interest high growthlow growth highstartup density lowstartup density ASIATECHRESEARCHThe Startup City Matrix 2018
  81. #asiamatters ASIATECHRESEARCH Startup Accelerators like muru-D have moved in to Asia to translate their acquired knowledge to bigger markets. #asiamatters ASIATECHRESEARCH
  82. #asiamatters ASIATECHRESEARCH Special Feature Podcast Paul Meyers, Muru-D Singapore Listen to the Podcast interview with Paul Meyers
  83. #asiamatters ASIATECHRESEARCH Others like Read Write Labs focus on increasing the reach of North American companies into Asia #asiamatters ASIATECHRESEARCH
  84. #asiamatters ASIATECHRESEARCH Special Feature Podcast Kyle Ellicott, Read Write Labs Listen to the Podcast interview with Kyle Ellicott
  85. #asiamatters ASIATECHRESEARCH While Brinc helps startups tap the Chinese market for production opportunities. #asiamatters ASIATECHRESEARCH
  86. #asiamatters ASIATECHRESEARCH Special Feature Podcast Bay McLaughlin, Brinc Hong Kong Listen to the Podcast interview with Bay McLaughlin
  87. #asiamatters ASIATECHRESEARCH As Asia matures, startup accelerators like ImpacTech (social innovation) offer increasingly niched value propositions. #asiamatters ASIATECHRESEARCH
  88. #asiamatters ASIATECHRESEARCH Special Feature Podcast Kineret Karin, ImpacTech Singapore Listen to the Podcast interview with Kineret Karin
  89. #asiamatters ASIATECHRESEARCH Special Feature Podcast Benjamin Joffe, HAX Accelerator Listen to the Podcast interview with Benjamin Joffe
  90. #asiamatters ASIATECHRESEARCH Startup Accelerators in Asia: We want to see less of that and more of this… That: Entertainment This: Conversation Risking all that investment of time and effort on a single 5 minute pitch. An ongoing conversation that yields returns long after the batch graduates.
  91. #asiamatters ASIATECHRESEARCH (Bezos was one of Google’s first 4 investors) …they didn’t meet at a demo day founder angel
  92. #asiamatters ASIATECHRESEARCH
  93. #asiamatters ASIATECHRESEARCH Asian Startup Cities need to know… this is not how people fall in love. Relationships aren’t built in minutes. #asiamatters ASIATECHRESEARCH
  94. #asiamatters ASIATECHRESEARCH 4. Events
  95. #asiamatters ASIATECHRESEARCH 1. Risk Capital 2. Role Models 3.Accelerators 4. Events 5.Talent 6. Coworking Spaces City Data Table of Contents Introduction You can click the image to jump there
  96. #asiamatters ASIATECHRESEARCH Asia has come a long way in producing some stellar startup events…
  97. #asiamatters ASIATECHRESEARCH Special Feature Podcast Casey Lau, RISE Hong Kong Listen to the Podcast interview with Casey Lau
  98. #asiamatters ASIATECHRESEARCH ASIATECHRESEARCHThe startup city matrix 2018 high growthlow growth highstartup density lowstartup density (3) accelerating (4) crowded (2) emerging (1) early Evolution of startup events relative to stage of Startup City development ASIATECHRESEARCH Chinese markets have enough depth to keep diversifying, but smaller markets will saturate Increasingly diversified events market e.g vertical sectors (Fintech, AI etc) Large mid-market startup festivals aimed at educating market Small but emerging startup market aimed at mobile expat and investor community high growthlow growth highstartup density lowstartup density
  99. #asiamatters ASIATECHRESEARCH SOURCE:ASIA TECH PODCAST 2017 Top 10 Startup Events in Asia AsiaTech Podcast Poll of registered Linkedin Users 2017 n=669 RISE Singapore Fintech Slush Echelon Startup Launchpad Startup Weekend Techcrunch China Startup Salad E27 Switch Techsauce 20 24 24 28 49 57 59 71 80 151 This is awesome… But we’re not there yet. We still have work to do…
  100. #asiamatters ASIATECHRESEARCH Event Organisers in Asia: We want to see less of that and more of this… That: Entertainment This: Conversation After parties, disco-balls and Western celebs. Meaningful conversations that produce relationships not noise.
  101. #asiamatters ASIATECHRESEARCH 5. Talent Concentration
  102. #asiamatters ASIATECHRESEARCH 1. Risk Capital 2. Role Models 3.Accelerators 4. Events 5.Talent 6. Coworking Spaces City Data Table of Contents Introduction You can click the image to jump there
  103. #asiamatters ASIATECHRESEARCH Asian Startup Cities are Leading in talent acquisition. You don’t HAVE to be anywhere to launch your startup. So, why not pick a city that you like? Capital andTalent can go anywhere in the world these days. Capital andTalent are the BUYERS.And the governments around the world are the Sellers. It’s a Buyers’ market right now. - Steven Liew,Angel Investor
  104. #asiamatters ASIATECHRESEARCH “What the heck Let’s go to Asia” “There are real opportunities here in Asia” “You’re missing out if you’re not in Asia” Pioneers Opportunists Followers ASIA: The frontier ASIA: The next big thing ASIA: The de facto 1980 -1999 2000 - 2019 2020 -NOW NEXT Talent Trends Reflect Cultural Acceptance of Asia
  105. #asiamatters ASIATECHRESEARCH high growthlow growth highstartup density lowstartup density (3) accelerating (4) crowded (2) emerging (1) early Evolution of talent concentration relative to stage of Startup City development ASIATECHRESEARCH overseas experience finds stiff competition with local talent significant influx of international talent into the startup scene looking for opportunity attractive to international talent but significant barriers still exist (e.g. lifestyle, language) international talent often attracted by lifestyle choices (e.g. family, marriage, travel) high growthlow growth highstartup density lowstartup density ASIATECHRESEARCHThe Startup City Matrix 2018
  106. #asiamatters ASIATECHRESEARCH As Asia continues to attract the world’s best talent, there is a growing demand for people who can help bridge these markets…
  107. #asiamatters ASIATECHRESEARCH Special Feature Podcast Jon Tanner, Mitchell Lake Group Singapore Listen to the Podcast interview with JonTanner
  108. #asiamatters ASIATECHRESEARCH Special Feature Podcast Jerome Le Carrou, Next Step Connections Listen to the Podcast interview with Jerome Le Carrou
  109. #asiamatters ASIATECHRESEARCH Special Feature Podcast Gregory Prudhommeaux, Shanghai Listen to the Podcast interview with Gregory Prudhommeaux
  110. #asiamatters ASIATECHRESEARCH Alibaba Tencent China Mobile ICBank Samsung Toyota Petrochina CCBank Agri Bank China Bank of China $ 143bn $ 150bn $ 187bn $ 190bn $ 191bn $ 196bn $ 230bn $ 250bn $ 256bn $ 261bn SOURCE:ASIA TECH PODCAST BASED ON BLOOMBERG DATA 2017 The New Economy Dominates Asia Market valuations of Asia’s most capitalised companies Asian tech has always struggled with ingrained conservatism towards non traditional sectors. But now, the latest generation of talent follows the money. Tech startups are no longer an “alternative lifestyle” but a viable choice for graduates.
  111. #asiamatters ASIATECHRESEARCH And, as for the next generation of engineers, scientists and programmers… Asia has a significant edge of its own…
  112. #asiamatters ASIATECHRESEARCH Singapore Hong Kong Taiwan China UK USA Maths Science Reading SOURCE:ASIA TECH PODCAST BASED ON PROGRAMME FOR INTL STUDENT ASSESSMENT DATA 2016 Asia Leads in STEM Education Singapore and Hong Kong top world PISA rankings
  113. #asiamatters ASIATECHRESEARCH Asia will be world’s largest market by 2022 300m Chinese learning English 600m K-12 Students in Asia 40% of Asian income spent on education sources:Asiatechresearch based on market & market, Fresco Capital data $59.9bnGlobal Market size by 2018 Global Edtech is a $60 bn Market …and Asians are by far the biggest consumers
  114. #asiamatters ASIATECHRESEARCH Where the most talented used to head to the US to complete their education,Asia is now vying to offer its own world-leading Universities… The 2016-17Times Higher Education Ranking includes 289 Asian universities from 24 countries which make the overall list of 980 institutions. And an elite group of 19 are in the top 200, up from 15 last year. China’s climb up the list of top universities has already begun to pay off, as its companies are getting smarter, beating their Japanese and Korean counterparts and catching up with their American counterparts. - Forbes, 22 Sep 2016
  115. #asiamatters ASIATECHRESEARCH Media in Asia: We want to see less of that and more of this… That: Entertainment This: Conversation Lionizing SiliconValley, its people and its narratives. Giving a platform for Asian stories and their ongoing conversations.
  116. #asiamatters ASIATECHRESEARCH 6. Coworking Spaces
  117. #asiamatters ASIATECHRESEARCH 1. Risk Capital 2. Role Models 3.Accelerators 4. Events 5.Talent 6. Coworking Spaces City Data Table of Contents Introduction You can click the image to jump there
  118. #asiamatters ASIATECHRESEARCH Asia is not short of amazing coworking spaces like this one at GorillaSpace (Singapore)
  119. #asiamatters ASIATECHRESEARCH Special Feature Podcast Ginny Eckblad, GorillaSpace Singapore Listen to the Podcast interview with Ginny Eckblad
  120. #asiamatters ASIATECHRESEARCH Top Coworking Spaces in Asia AsiaTech Podcast Poll of registered Linkedin Users 2017 n=837 Impact Hub (SIN) Naked Hub (SHG) Cyberport (HKG) We Work Hubud (UBU) Level 3 (SIN) The Hive (BKK) Paper &Toast (MYS) Campfire (HKG) Launchpad (BKK) 35 36 36 38 42 59 63 65 83 102 We asked startup founders where the best city to start a business was.They didn’t just value access to Startup Capital but also quality of life and infrastructure as key to their choice. 1 3 Impact Hub Naked Hub Cyberport SOURCE:ASIA TECH PODCAST
  121. #asiamatters ASIATECHRESEARCH Special Feature Podcast Karena Belin, WHub Hong Kong Listen to the Podcast interview with Karena Belin
  122. #asiamatters ASIATECHRESEARCH The startup ecosystem here is younger than the rise of the U.S., so many of today’s more successful startups in this region started out in a coworking space. - Forbes 22 Aug 2017
  123. #asiamatters ASIATECHRESEARCH Asia is experiencing something of a coworking boom
  124. #asiamatters ASIATECHRESEARCH By 2030, co-working spaces could make up 10-15 % of office stock in Southeast Asia, compared to only 1 to 5 % today. - Regina Lim, National Director JLL
  125. #asiamatters ASIATECHRESEARCH ASIATECHRESEARCHThe startup city matrix 2018 high growthlow growth highstartup density lowstartup density (3) accelerating (4) crowded (2) emerging (1) early Evolution of coworking spaces relative to stage of Startup City development ASIATECHRESEARCH coworking market saturation, attrition and diversification, entrance of commercial real estate plays coworking space prime for acquisition and merger expanding “cottage industry” coworking market with a handful of larger players emerging scattered coworking market with large gaps high growthlow growth highstartup density lowstartup density
  126. #asiamatters ASIATECHRESEARCH Coworking Spaces in Asia: We want to see less of that and more of this… That: Entertainment This: Conversation Billion dollar coworking businesses constantly in need of a growth story. Building out and fostering community around local coworking spaces.
  127. #asiamatters ASIATECHRESEARCH Building Asia’s Tech Ecosystem is a Marathon not a Sprint Entertainment Conversation Risk Capital Shark tank Networks, best practises Role Models Celebrities Entrepreneurs doing real things solving real problems Accelerators Demo days, pitch competitions Long term education, financing, connections Events Glitter balls, speed dating, after- parties Discussions, connectivity, sharing Talent Yes, but SiliconValley Asia offers more opportunity for talent today Coworking Spaces Billion dollar funded, celebrity real estate plays Local hubs, curators and community builders Less of that… More of this…
  128. #asiamatters ASIATECHRESEARCH City Data
  129. #asiamatters ASIATECHRESEARCH 1. Risk Capital 2. Role Models 3.Accelerators 4. Events 5.Talent 6. Coworking Spaces City Data Table of Contents Introduction You can click the image to jump there
  130. #asiamatters ASIATECHRESEARCH Here comes the data. Our goal is to start this #asiamatters conversation. You can ping me anytime about this report using my twitter handle here: @grahamdbrown
  131. #asiamatters ASIATECHRESEARCH #1 Singapore ASIATECHRESEARCHThe startup city ranking 2018
  132. #asiamatters ASIATECHRESEARCH Value Asia Rank GDP $297 billion #8 GDP $52,900 per capita #1 Growth Rate * 3.1% #12 Population 5.6 million #12 ATP Awards * #1 #1 Startup Genome * #12 #3 Millennial Startup City * #1 #1 Venture Capital * #6 #1 Tech Startups Per Mn * #1 #4 Economic Freedom * #2 #2 Ease of Doing Business * #2 #1 Quality of Living * #26 #1 Cost of Living * $2,724 pcm #15 Internet Speed * 62 Mbps #1 Ranking #1 Score: 147 Singapore The Startup City Ranking 2018ASIATECHRESEARCH
  133. #asiamatters ASIATECHRESEARCH Singapore While Singapore was a latecomer to startups in comparison to China, governmental policy, access to talent, 2nd generation Risk Capital, quality of living and pan-Asian reach position Singapore as a future contender to rival SiliconValley. On the downside, Singapore has a small domestic market. Combined with a high cost of living, means Singapore will necessitate going global from day 1 and will favor experienced startups or over bootstrappers. ASIATECHRESEARCHThe startup city ranking 2018
  134. #asiamatters ASIATECHRESEARCH Special Feature Podcast Michelle Katics, Portfolio Quest Singapore Listen to the Podcast interview with Michelle Katics
  135. #asiamatters ASIATECHRESEARCH Special Feature Podcast Matt Foley, Pikohana Singapore Listen to the Podcast interview with Matt Foley
  136. #asiamatters ASIATECHRESEARCH Is Singapore the Best Startup City in Asia? Asia Tech Podcast 440 Listen to this weekly Podcast discussion with Graham Brown & Michael Waitze
  137. #asiamatters ASIATECHRESEARCH #2 Hong Kong ASIATECHRESEARCHThe startup city ranking 2018
  138. #asiamatters ASIATECHRESEARCH Value Asia Rank GDP $320 billion #6 GDP $43,800 per capita #2 Growth Rate * 3.6% #11 Population 7.3 million #11 ATP Awards * #2 #2 Startup Genome * n/a #5 Millennial Startup City * #57 #5 Venture Capital * #11 #4 Tech Startups Per Mn * #7 #9 Economic Freedom * #1 #1 Ease of Doing Business * #5 #3 Quality of Living * n/a #3 Cost of Living * $2,693 pcm #14 Internet Speed * 48 Mbps #2 Ranking #2 Score: 132 2 Hong Kong The Startup City Ranking 2018ASIATECHRESEARCH
  139. #asiamatters ASIATECHRESEARCH Hong Kong Hong Kong stands to benefit significantly from the movement of Risk Capital out of China and the ongoing development of the Greater Bay area. Government policy permitting, the city is well positioned as a global leader in Fintech and free market advocacy. Hong Kong’s challenge is a combination of cost of living (limiting the development of early stage inexperienced startups) and the inherent attractiveness of traditional sectors (e.g. real estate and finance). ASIATECHRESEARCHThe startup city ranking 2018
  140. #asiamatters ASIATECHRESEARCH Special Feature Podcast Felix Tan, The FinLab, Hong Kong Listen to the Podcast interview with FelixTan
  141. #asiamatters ASIATECHRESEARCH Special Feature Podcast Jayne Chan, Startmeup HK Listen to the Podcast interview with Jayne Chan
  142. #asiamatters ASIATECHRESEARCH Special Feature Podcast Charles d’Haussy, Head of Fintech Invest HK Listen to the Podcast interview with Charles d’Haussy
  143. #asiamatters ASIATECHRESEARCH Special Feature Podcast Ashley Galina Dudarenok, Hong Kong Listen to the Podcast interview with Ashley Galina Dudarenok
  144. #asiamatters ASIATECHRESEARCH #3 Shanghai ASIATECHRESEARCHThe startup city ranking 2018
  145. #asiamatters ASIATECHRESEARCH Value Asia Rank GDP $486.3 billion #3 GDP $19,100 per capita #9 Growth Rate * 6.8% #2 Population 24.5 million #4 ATP Awards * #5 #5 Startup Genome * #8 #2 Millennial Startup City * #51 #4 Venture Capital * #14 #7 Tech Startups Per Mn * #1 #3 Economic Freedom * #111 #11 Ease of Doing Business * #78 #11 Quality of Living * n/a #3 Cost of Living * $1,368 pcm #11 Internet Speed * 2 Mbps #15 Ranking #3 Score: 120 3 Shanghai The Startup City Ranking 2018ASIATECHRESEARCH
  146. #asiamatters ASIATECHRESEARCH Shanghai On the basis of startup capital and activity alone, Shanghai can claim to be a global leader. Domestic market size combined with access to cheap, skilled labor make Shanghai a launchpad for numerous global startups. As Shanghai becomes an increasingly crowded startup market, the challenge will come in converting domestic gains into free market returns outside of China. ASIATECHRESEARCHThe startup city ranking 2018
  147. #asiamatters ASIATECHRESEARCH Special Feature Podcast Florian Bohnert, Mobike Shanghai Listen to the Podcast interview with Florian Bohnert
  148. #asiamatters ASIATECHRESEARCH Special Feature Podcast Frank Lavin, ExportNow China Listen to the Podcast interview with Frank Lavin
  149. #asiamatters ASIATECHRESEARCH Special Feature Podcast Geoffrey Handley, Shanghai Listen to the Podcast interview with Geoffrey Handley
  150. #asiamatters ASIATECHRESEARCH Special Feature Podcast Shaun Rein, Shanghai Listen to the Podcast interview with Shaun Rein
  151. #asiamatters ASIATECHRESEARCH Huawei Connect in Shanghai Asia Tech Podcast 350 Listen to this weekly Podcast discussion with Graham Brown & Michael Waitze
  152. #asiamatters ASIATECHRESEARCH #4 Seoul ASIATECHRESEARCHThe startup city ranking 2018
  153. #asiamatters ASIATECHRESEARCH Value Asia Rank GDP $1,070 billion #2 GDP $42,793 per capita #3 Growth Rate * 3.8% #10 Population 25.6 million #2 ATP Awards * #13 #13 Startup Genome * n/a #5 Millennial Startup City * #8 #2 Venture Capital * #76 #15 Tech Startups Per Mn * #9 #11 Economic Freedom * #23 #4 Ease of Doing Business * #4 #2 Quality of Living * n/a #3 Cost of Living * $1,771 pcm #12 Internet Speed * 9 Mbps #9 Ranking #4 Score: 117 Seoul The Startup City Ranking 2018ASIATECHRESEARCH
  154. #asiamatters ASIATECHRESEARCH Seoul Seoul is a relatively unknown player in the startup ecosystem but benefits from a strong technological base plus an economy geared towards export. If it can get its act together, continue its advances in economic freedom and ease of doing business, whilst promoting the city as an option for foreign talent, we see Seoul as mayor long term startup player in the 2020s. Seoul’s challenges are macro - a very attractive traditional industry base (Samsung LG etc) combined with ongoing political instability north of the border. ASIATECHRESEARCHThe startup city ranking 2018
  155. #asiamatters ASIATECHRESEARCH #5 Tokyo ASIATECHRESEARCHThe startup city ranking 2018
  156. #asiamatters ASIATECHRESEARCH Value Asia Rank GDP $1,500 billion #1 GDP $39,700 per capita #4 Growth Rate * 2.1% #14 Population 37.8 million #1 ATP Awards * #10 #10 Startup Genome * n/a #5 Millennial Startup City * #47 #3 Venture Capital * #26 #10 Tech Startups Per Mn * #11 #14 Economic Freedom * #40 #6 Ease of Doing Business * #34 #7 Quality of Living * #44 #2 Cost of Living * $1,969 pcm #13 Internet Speed * 19 Mbps #4 Ranking #5 Score: 116 Tokyo The Startup City Ranking 2018ASIATECHRESEARCH
  157. #asiamatters ASIATECHRESEARCH Tokyo Tokyo is the sleeping giant of startup ecosystems.The world lead of the 80s and 90s has been squandered by political meddling and an ingrained societal conservatism. Tokyo’s challenge is that igniting a startup ecosystem is pointless when there are ever-decreasing numbers of young people to populate it. Fukuoka’s lead in revitalising the local economy may provideTokyo with a post 2020 Olympic roadmap to maintain economic growth through the curation of its startup sector. ASIATECHRESEARCHThe startup city ranking 2018
  158. #asiamatters ASIATECHRESEARCH Special Feature Podcast Marty Roberts, Entouch Tokyo Listen to the Podcast interview with Marty Roberts
  159. #asiamatters ASIATECHRESEARCH Special Feature Podcast Tim Romero, Disrupting Japan Tokyo Listen to the Podcast interview with Tim Romero
  160. #asiamatters ASIATECHRESEARCH #6 Beijing ASIATECHRESEARCHThe startup city ranking 2018
  161. #asiamatters ASIATECHRESEARCH Value Asia Rank GDP $345 billion #5 GDP $16,100 per capita #12 Growth Rate * 6.8% #2 Population 21.5 million #5 ATP Awards * #11 #11 Startup Genome * #4 #1 Millennial Startup City * #61 #7 Venture Capital * #14 #6 Tech Startups Per Mn * #1 #1 Economic Freedom * #111 #11 Ease of Doing Business * #78 #11 Quality of Living * n/a #3 Cost of Living * $1,359 pcm #10 Internet Speed * 7 Mbps #11 Beijing Ranking #6 Score: 114 The Startup City Ranking 2018ASIATECHRESEARCH
  162. #asiamatters ASIATECHRESEARCH Beijing Alongside Shanghai, Beijing is a world leader in both the availability of startup capital and numbers of startups. However, Beijing’s global footprint is limited by significant systemic challenges: bureaucracy, high cost of living, economic freedoms and quality of life. While Beijing may have enough momentum to maintain its position at the top table with SiliconValley as a startup ecosystem, it will find it difficult to attract and retain necessary talent long term when better lifestyle options exist elsewhere. ASIATECHRESEARCHThe startup city ranking 2018
  163. #asiamatters ASIATECHRESEARCH #7 Kuala Lumpur ASIATECHRESEARCHThe startup city ranking 2018
  164. #asiamatters ASIATECHRESEARCH Value Asia Rank GDP $40 billion #15 GDP $24,900 per capita #8 Growth Rate * 6.2% #7 Population 1.6 million #15 ATP Awards * #4 #4 Startup Genome * n/a #5 Millennial Startup City * #79 #9 Venture Capital * #6 #2 Tech Startups Per Mn * #4 #5 Economic Freedom * #27 #5 Ease of Doing Business * #24 #5 Quality of Living * n/a #3 Cost of Living * $1,085 pcm #4 Internet Speed * 7 Mbps #10 Ranking #7 Score: 113 Kuala Lumpur The Startup City Ranking 2018ASIATECHRESEARCH
  165. #asiamatters ASIATECHRESEARCH Kuala Lumpur Kuala Lumpur has a highly focused startup ecosystem, skewed by the presence of large players (e.g. Grab) and a strong insurance sector. KL offers a more attractive destination for startup founders who want to bootstrap and/or enjoy a higher quality of life than other options. The size of KL’s domestic market combined with its proximity to Singapore means it will always struggle to establish itself as a Startup City globally unless it successfully finds and develops its niche offering. The Startup City Ranking 2018ASIATECHRESEARCH
  166. #asiamatters ASIATECHRESEARCH #8 Shenzhen ASIATECHRESEARCHThe startup city ranking 2018
  167. #asiamatters ASIATECHRESEARCH Value Asia Rank GDP $303 billion #7 GDP $25,400 per capita #7 Growth Rate * 6.8% #2 Population 11.9 million #7 ATP Awards * #7 #7 Startup Genome * n/a #5 Millennial Startup City * n/a #11 Venture Capital * #14 #8 Tech Startups Per Mn * #1 #2 Economic Freedom * #111 #11 Ease of Doing Business * #78 #11 Quality of Living * n/a #3 Cost of Living * $1,149 pcm #7 Internet Speed * 4 Mbps #13 Ranking #8 Score: 109 Shenzhen The Startup City Ranking 2018ASIATECHRESEARCH
  168. #asiamatters ASIATECHRESEARCH Shenzhen Of the 3 Chinese cities featured in our ranking, we believe Shenzhen offers the greatest long term potential. Shenzhen is both part of the Greater Bay ecosystem plus it is witnessing a significant growth in foreign talent. Shenzhen’s challenge will be distinguishing itself from its two nearest rivals: Hong Kong and Shanghai.This challenge lies in not trying to emulate either but in exploring and developing around its core strength in hardware manufacturing. The Startup City Ranking 2018ASIATECHRESEARCH
  169. #asiamatters ASIATECHRESEARCH Special Feature Podcast Josh Steimle, MWI Shenzhen Listen to the Podcast interview with Josh Steimle
  170. #asiamatters ASIATECHRESEARCH Special Feature Podcast Tony Verb, Greater Bay Ventures Listen to the Podcast interview with TonyVerb
  171. #asiamatters ASIATECHRESEARCH #9 Bangkok ASIATECHRESEARCHThe startup city ranking 2018
  172. #asiamatters ASIATECHRESEARCH Value Asia Rank GDP $150 billion #10 GDP $18,000 per capita #10 Growth Rate * 4.3% #9 Population 8.3 million #10 ATP Awards * #4 #4 Startup Genome * n/a #5 Millennial Startup City * #70 #8 Venture Capital * #31 #12 Tech Startups Per Mn * #6 #7 Economic Freedom * #55 #8 Ease of Doing Business * #26 #6 Quality of Living * n/a #3 Cost of Living * $1,106 pcm #5 Internet Speed * 16 Mbps #6 Ranking #9 Score: 107 Bangkok The Startup City Ranking 2018ASIATECHRESEARCH
  173. #asiamatters ASIATECHRESEARCH Bangkok Initially a favored choice for lifestyle and bootstrappers, Bangkok is developing its own nascent startup scene powered mostly by an influx of foreign talent. Bangkok’s challenge is differentiating itself from the local appeal of Singapore which will attract the most successful of startups in the region over time. Bangkok should double down on its lifestyle and travel sector, rather than try compete with local rivals Singapore and HCMC on all categories. The Startup City Ranking 2018ASIATECHRESEARCH
  174. #asiamatters ASIATECHRESEARCH Special Feature Podcast Jakob Lykkegaard, Bangkok Listen to the Podcast interview with Jakob Lykkegaard
  175. #asiamatters ASIATECHRESEARCH Special Feature Podcast Jerome Le Louer, Wishbeer Bangkok Listen to the Podcast interview with Jerome Le Louer
  176. #asiamatters ASIATECHRESEARCH Special Feature Podcast Bob Gallagher, Appsynth Bangkok Listen to the Podcast interview with Bob Gallagher
  177. #asiamatters ASIATECHRESEARCH Female Entrepreneurs from the Bangkok Breakfast Network - Asia Tech Podcast 22 Listen to this weekly Podcast discussion with Graham Brown & Michael Waitze
  178. #asiamatters ASIATECHRESEARCH #10 Jakarta ASIATECHRESEARCHThe startup city ranking 2018
  179. #asiamatters ASIATECHRESEARCH Value Asia Rank GDP $483 billion #4 GDP $17,100 per capita #11 Growth Rate * 5.06% #8 Population 27.9 million #3 ATP Awards * #3 #3 Startup Genome * n/a #5 Millennial Startup City * #82 #10 Venture Capital * #20 #9 Tech Startups Per Mn * #10 #12 Economic Freedom * #84 #10 Ease of Doing Business * #72 #10 Quality of Living * n/a #3 Cost of Living * $954 pcm #3 Internet Speed * 5 Mbps #12 Ranking #9 Score: 107 Jakarta The Startup City Ranking 2018ASIATECHRESEARCH
  180. #asiamatters ASIATECHRESEARCH Jakarta The sheer size and entrepreneurial hustle of Jakarta makes it a very interesting Startup City long term. As a bootstrapping base, Jakarta could be a viable option for startup founders wanting to tap the ASEAN markets. There is no shortage of grassroots entrepreneurialism, but Jakarta has many fundamental issues that need to be addressed including infrastructure, economic freedoms and ease of doing business. ASIATECHRESEARCHThe Startup City Ranking 2018
  181. #asiamatters ASIATECHRESEARCH Special Feature Podcast Ollie Halimatussadiah, Jakarta Listen to the Podcast interview with Ollie Halimatussadiah
  182. #asiamatters ASIATECHRESEARCH #11 Taipei ASIATECHRESEARCHThe startup city ranking 2018
  183. #asiamatters ASIATECHRESEARCH Value Asia Rank GDP $100 billion #13 GDP $37,000 per capita #5 Growth Rate * 3.1% #13 Population 2.7 million #14 ATP Awards * #9 #9 Startup Genome * n/a #5 Millennial Startup City * n/a #11 Venture Capital * #13 #5 Tech Startups Per Mn * #5 #6 Economic Freedom * #11 #3 Ease of Doing Business * #15 #4 Quality of Living * n/a #3 Cost of Living * $1,278 pcm #8 Internet Speed * 18 Mbps #5 Ranking #11 Score: 106 Taipei The Startup City Ranking 2018ASIATECHRESEARCH
  184. #asiamatters ASIATECHRESEARCH Taipei Taipei has many fundamental advantages to offer startups: an inherent manufacturing base, access to China and increasingly liberal policies favourable to startup founders. However,Taipei’s challenge is its lack of global awareness, suffering from a middle-market lack of ecosystem focus aiming to compete across all factors. The Startup City Ranking 2018ASIATECHRESEARCH
  185. #asiamatters ASIATECHRESEARCH Special Feature Podcast Holly Harrington, Startup Stadium Taiwan Listen to the Podcast interview with Holly Harrington
  186. #asiamatters ASIATECHRESEARCH #12 Bangalore ASIATECHRESEARCHThe startup city ranking 2018
  187. #asiamatters ASIATECHRESEARCH Value Asia Rank GDP $75 billion #14 GDP $8,900 per capita #14 Growth Rate * 6.3% #6 Population 8.4 million #9 ATP Awards * #8 #8 Startup Genome * #20 #4 Millennial Startup City * #60 #6 Venture Capital * #9 #3 Tech Startups Per Mn * #7 #8 Economic Freedom * #143 #14 Ease of Doing Business * #100 #14 Quality of Living * n/a #3 Cost of Living * $552 pcm #1 Internet Speed * 11 Mbps #8 Ranking #12 Score: 98 Bangalore The Startup City Ranking 2018ASIATECHRESEARCH
  188. #asiamatters ASIATECHRESEARCH Bangalore Bangalore offers an excellent bootstrapping base for startup founders but it has struggled to convert this advantage into a global edge. Although these issues may not be wholly relevant to local talent, infrastructure, bureaucracy, quality of life and capital controls significantly reduce Bangalore’s appeal to both foreign founders and investors. The Startup City Ranking 2018ASIATECHRESEARCH
  189. #asiamatters ASIATECHRESEARCH #13 Ho Chi Minh City ASIATECHRESEARCHThe startup city ranking 2018
  190. #asiamatters ASIATECHRESEARCH Value Asia Rank GDP $135 billion #11 GDP $16,000 per capita #13 Growth Rate * 7.65% #1 Population 8.4 million #8 ATP Awards * #12 #12 Startup Genome * n/a #5 Millennial Startup City * n/a #11 Venture Capital * #43 #13 Tech Startups Per Mn * #8 #10 Economic Freedom * #147 #15 Ease of Doing Business * #68 #9 Quality of Living * n/a #3 Cost of Living * $746 pcm #2 Internet Speed * 14 Mbps #7 Ranking #13 Score: 90 HCMC The Startup City Ranking 2018ASIATECHRESEARCH
  191. #asiamatters ASIATECHRESEARCH HCMC Rapid economic growth combined with an openness to globalization and cheap cost of living make Ho Chi Minh City an exciting long term option for startup founders.Add to these local factors, you have proximity to all Asian markets - including China and ASEAN. If HCMC can reduce red tape and loosen economic controls, it can build on these advantages to become the bootstrapping startup capital of the world. The Startup City Ranking 2018ASIATECHRESEARCH
  192. #asiamatters ASIATECHRESEARCH Special Feature Podcast Marcus Ellison, Vietnam Listen to the Podcast interview with Marcus Ellison
  193. #asiamatters ASIATECHRESEARCH Special Feature Podcast Giovanni Zangani, Vietnam Listen to the Podcast interview with Giovanni Zangani
  194. #asiamatters ASIATECHRESEARCH #14 Fukuoka ASIATECHRESEARCHThe startup city ranking 2018
  195. #asiamatters ASIATECHRESEARCH Value Asia Rank GDP $163 billion #9 GDP $31,900 per capita #6 Growth Rate * 2.1% #14 Population 5.1 million #13 ATP Awards * #17 #17 Startup Genome * n/a #5 Millennial Startup City * n/a #11 Venture Capital * #26 #11 Tech Startups Per Mn * #11 #15 Economic Freedom * #40 #6 Ease of Doing Business * #34 #7 Quality of Living * n/a #3 Cost of Living * $1,358 pcm #9 Internet Speed * 45 Mbps #3 Ranking #14 Score: 81 Fukuoka The Startup City Ranking 2018ASIATECHRESEARCH
  196. #asiamatters ASIATECHRESEARCH Fukuoka Fukuoka is a notable experiment in the startup desert that is Japan. Fukuoka’s city-level loosening of capital and visa requirements combined with its geographical proximity to mainland Asia make this city an exciting destination, especially in terms of lifestyle choice. The most tangible risk in Fukuoka as a Startup City is that it is over reliant on top-down policies (that can always change) plus the risk of becoming a “PR exercise” for local government as opposed to a long term sustainable ecosystem. The Startup City Ranking 2018ASIATECHRESEARCH
  197. #asiamatters ASIATECHRESEARCH Special Feature Podcast Thomas Pouplin, Ikkai Fukuoka Japan Listen to the Podcast interview with Thomas Pouplin
  198. #asiamatters ASIATECHRESEARCH City-level ecosystem building delivers the speed and dynamic necessary to facilitate startups. "What is more important than anything for Japan is to create a society where those who take risks and challenges are respected. This is crucial to overcome the pessimistic prospects associated with a declining birth rate and an ageing population.” - SoichiroTakashima, Mayor of Fukuoka
  199. #asiamatters ASIATECHRESEARCH Fukuoka Startup City: Hype or Reality? Asia Tech Podcast 340 Listen to this weekly Podcast discussion with Graham Brown & Michael Waitze
  200. #asiamatters ASIATECHRESEARCH #15 Manila ASIATECHRESEARCHThe startup city ranking 2018
  201. #asiamatters ASIATECHRESEARCH Value Asia Rank GDP $110 billion #12 GDP $8,600 per capita #15 Growth Rate * 6.6% #5 Population 12.8 million #6 ATP Awards * #14 #14 Startup Genome * n/a #5 Millennial Startup City * n/a #11 Venture Capital * #65 #14 Tech Startups Per Mn * #10 #13 Economic Freedom * #58 #9 Ease of Doing Business * #113 #15 Quality of Living * n/a #3 Cost of Living * $1,138 pcm #6 Internet Speed * 3 Mbps #14 Ranking #15 Score: 68 Manila The Startup City Ranking 2018ASIATECHRESEARCH
  202. #asiamatters ASIATECHRESEARCH Manila Manila is a long way off being considered a veritable Startup City but the signs of growth are there. Current startup activity is built around foreign talent basing in Manila through lifestyle (rather than business) choice. The Philippines has a well evolved entrepreneurial base, but translating this hustle into startup success requires addressing its significant infrastructural issues (internet speed, economic freedoms, ease of doing business). The Startup City Ranking 2018ASIATECHRESEARCH
  203. #asiamatters ASIATECHRESEARCH Explanation of the 14 Key Indices GDP City GDP GDP City GDP per Capita Growth Rate * GDP Annual Growth Rate from Trading Economics 2018 Population City Population in Millions ATP Awards * See next slide - our survey of 1632 Linkedin Users Startup Genome * The Startup Genome Report 2017 Millennial Startup City * The Startup City Score from Nestpick’s Millennial Survey Venture Capital * Access toVenture Capital Score from World Economic Forum Report Tech Startups Per Mn * Country Startups per Million Score from Alphabeta’s Report Economic Freedom * Country Economic Freedom Score from Heritage 2018 Ease of Doing Business * Country Ease of Doing Business Score from the World Bank 2018 Quality of Living * Quality of Living Score from Mercer Report 2017 Cost of Living * Long Term Monthly Cost from NomadList 2018 Internet Speed * Internet Speed from NomadList 2018 The Startup City Ranking 2018ASIATECHRESEARCH
  204. #asiamatters ASIATECHRESEARCH We asked startup founders where the best city to start a business was.They didn’t just value access to Startup Capital but also quality of life and infrastructure as key to their choice. Singapore Hong Kong Jakarta Kuala Lumpur Shanghai Bangkok Shenzhen Bangalore Taipei Tokyo Beijing HCMC Seoul Manila Chiang Mai 16 20 21 21 27 45 47 48 107 112 131 142 196 243 398 Tokyo Taipei Shanghai Shenzhen Hong Kong Bangkok Bangalore Kuala Lumpur Singapore Jakarta ATP Awards: Startup City Survey AsiaTech Podcast Poll of registered Linkedin Users 2017 n=1632 ASIATECHRESEARCH
  205. #asiamatters ASIATECHRESEARCH Let’s talk about future versions… With more time and resources in future versions, and maybe with your help, we’ll make a better v2.0 of the report.You can read about our ideas on the ATP project page here: www.atp.show/projects
  206. #asiamatters ASIATECHRESEARCH 1. City Based GDP The GDP figures are not yet consistent enough. Country based GDP scores are easy enough to find but city-based measures vary significantly, especially with city definitions (e.g. city vs metropolitan vs prefecture).
  207. #asiamatters ASIATECHRESEARCH 2. Quality of Living Mercer only covered 3 of our Asian Cities in their QoL index.While this is a start, a more widespread ranking would be useful.While QoL doesn’t rank startups, it’s a key factor for startup founders in choosing which city to live in.
  208. #asiamatters ASIATECHRESEARCH 3. Internet Speeds Figures reported here differ from other public rankings (e.g.Akamai). I found the Nomad List rating more useful because it reported what users were experiencing in real situations (e.g. cafe, coworking space, mobile and home) rather than just fixed line Speedtest users.
  209. #asiamatters ASIATECHRESEARCH More Metrics Needed… Would be great to get access to the following on a city-by-city basis: • City based funding • Startups per City • Levels of entrepreneurialism by City
  210. #asiamatters ASIATECHRESEARCH Graham D Brown Report Author Thanks for reading my #asiamatters Report “The Asian Century”.To learn more about what I do, and get regular updates and insights from my Asian research, connect with me on Linkedin. Connect with me on Linkedin
  211. download them free from www.AsiaTechResearch.com #asiamatters Get All 4 Reports in this Series ASIATECHRESEARCH

×