At COP28, Startup Genome and the Global Entrepreneurship Network jointly launched the “Global Startup Ecosystem Report – Climatetech Edition,” which analyzes startup activity and investments across the world’s “blue economy.”
Worldwide, Singapore is the world-leading startup ecosystem for the blue economy, the analysis concluded.
But Canada makes a strong showing as one of only a few countries with multiple ecosystems in the top 25 rankings, with BC in particular standing out.
Within climate-tech, Vancouver ranks 12th globally, ahead of Toronto-Waterloo in 13th.
And in terms of the blue economy specifically, Atlantic-Canada impresses at 8th worldwide while Vancouver comes in a respectable 14th.
Much advancement in the development and commercialization of made-in-Canada ocean solutions hails from Canada’s Ocean Supercluster, which aims to accelerate the nation’s blue economy.
The organization wants Canada’s blue economy to grow from less than 2% of Canada’s GDP to at least 5%—rivalling the country’s broader tech sector in terms of size and impact.
“As a catalyst for accelerated growth in ocean and a convenor of Canada’s ocean network, we are … proud of the demonstrated momentum and gains in global rankings we are seeing,” stated Kendra MacDonald, chief executive of the Supercluster, which contributed to the report.
“If you look at what’s happening in clean tech, climate-tech, and blue tech today,” MacDonald continued, “it’s the ocean which is at the heart of not only solving some of the biggest challenges the world is facing, but also in creating some of the most significant, sustainable economic opportunities now and for the future.”
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