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 Calgary and Edmonton being recognized for momentum and potential.
While not yet competitive on a global scale, Alberta is a region rife with possibility, the report found. Calgary and Edmonton both rank among the top cleantech ecosystems to watch across North America.
Calgary specifically was highlighted in the report for its innovation ecosystem, with data pointing to a strong year for the city’s growth, powered by expansions such as the Platform Innovation Centre, Quantum City, and the IBM Client Innovation Centre for Western Canada with a focus on sustainability.
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.”