With a total 2020 score of 3,796, the new Startup Ecosystem Rankings from StartupBlink show that Luxembourg has risen 13 places to #40 out of a total of 100 cities world-wide.
Luxembourg's specific scores:
"Similar to several other neighbouring countries, Luxembourg faces a tough road in increasing the quality and quantity score of its startup ecosystem, while at the same time trying to strengthen its main hub and move it closer to the top 100."
Startup Ecosystem Overview
"Luxembourg is one of Europe’s most successful economies and is known as a strong traditional financial capital. However, a high cost of living and a small local market size with a population of 600,000 are challenging the future trajectory of the local ecosystem. The public sector is taking an active approach to make positive changes with projects such as Digital Luxembourg, a collaborative government initiative strengthening the country’s digital efforts while mentoring and guiding startups."
In the cities ranking, and with a total 2020 score of 1,639, the new Startup Ecosystem Rankings show that Luxembourg city has risen 41 places to #162 since the 2019 rankings were published. The top 5 (in descending order) are the USA, United Kingdom, Israel, Canada and Germany. Luxembourg sits in 25th place of all European countries.
For cities with population of 100,000 — 300,000, Luxembourg city ranks #8, with Brighton (UK) and Porto (PO) topping that ranking.
StartupBlink ranks the startup ecosystems of 100 countries and 1,000 cities for its Global Rankings Report. Its algorithm takes into account a geographic crowdsourced database of tens of thousands of startups, accelerators and coworking spaces, among other entities. The algorithm is supplemented by data received from integrations with global data partners such as CrunchBase, SEMrush, Meetup and Coworker, each a global leader in their field.