Early 2024, Indonesia to Have the Most Startups in ASEAN

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Cindy Mutia Annur 11/01/2024 13:16 WIB

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In early 2024, Indonesia ranked first among ASEAN countries with the most startups, according to Startup Ranking data.

Number of Startups in ASEAN Countries (January 11, 2024)

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Number of Startups in ASEAN Countries (January 11, 2024)

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Indonesia was the leading ASEAN nation with the most startups in early 2024.

According to Startup Ranking, a Peruvian statistics company, on January 11, 2024, there were 2,562 startups in Indonesia.

This number surpassed Singapore, which ranked second in ASEAN with 1,179 startups.

Following were the Philippines, Malaysia, Thailand, Vietnam, Myanmar, Cambodia, Brunei Darussalam, and Laos, as shown in the graph above.

Meanwhile, Timor-Leste held the lowest position in ASEAN with only 1 startup in early 2024.

Globally, Indonesia ranked 6th in terms of the highest number of startups during the same period.

The United States held the top global position with 77,984 startups, followed by India, the United Kingdom, Canada, and Australia.

Startup Ranking defines a startup as a nascent company, no older than 10 years, possessing strong competence, innovation, and a robust technological base, and capable of accelerating business growth.

Editor : Adi Ahdiat

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."

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