UAE - Mubasher: Sharjah has led the world's high growth activation phase ecosystems list in the 2020 Global Startup Ecosystem Report (GSER), reflecting Sharjah's objective to become a thriving global startup hub.

Sheraa, a venue aiming to create a vibrant entrepreneurship ecosystem in Sharjah, has partnered with Startup Genome, the world's leading policy advisory and research organisation, to evaluate the emirate's entrepreneurial performance, according to a press release on Sunday.

The newly launched GSER, powered by Startup Genome and the Global Entrepreneurship Network, studies 250 startup ecosystems to select the top global ecosystems and emerging ecosystems.

Sharjah has been placed among the top 20 in Africa and the Middle East for 'Bang for Buck' and the top 30 Africa and the Middle East Ecosystems for 'Affordable Talent'.

The CEO of Sheraa, Najla Al Midfa, said: "This achievement is a testament to our dedicated efforts over the past five years to cultivate a world-class entrepreneurship ecosystem."

The Founder and CEO of Startup Genome, JF Gauthier, remarked: "This is the time for policymakers, community leaders, and foundations to double down on their support of local startups — the #1 engine of job creation and economic growth."