Yerevan has improved its position in the "Global Startup Ecosystems Index," occupying 18th place in Eastern Europe. The above promotion is due to the country's continuous development of innovative business environments. It is noteworthy that Armenia remains the leader among the Caucasian countries.
For 11 years, the Global Startup Ecosystems Report (GSER) has comprehensively analyzed the leading startup ecosystems in 100 countries and 1,000 cities worldwide, their development trends, and the main challenges entrepreneurs face. It is based on extensive data research of 3.5 million startups in 290 global ecosystems.