Top 10 Most Innovative Startups

Over the past decade the term startup has been a buzz-word with increasing frequency. The official definition of a startup is as following: Early stage in the life cycle of an enterprise where the entrepreneur moves from the idea stage to securing financing, laying down the basis structure of the business, and initiating operations or trading.*

Global Innovation Management Institute (GIMI) list of Top 10 Most Innovative Startups is based on five main criteria: (1) innovative business model, (2) responsive to future trends, (3) has a disruptive solution to the problem, (4) attracts over $1 million of investments in first year, and (5) has established international/global presence.

Scroll down to find out what are the Top 10 Most Innovative Startups.

 

The list of the Top 10 Most Innovative Startups

 

*Definition from Business Dictionary online: http://www.businessdictionary.com/definition/startup.html