Youth startups are businesses founded and operated by individuals typically between the ages of 18 and 35. These ventures are characterized by their innovative nature, agility, and a strong reliance on technology. The rise of youth entrepreneurship is a global phenomenon driven by a confluence of factors, including increased access to information and technology, a growing desire for independence, and a changing job market.
Recently, The Information, a well-known technology media outlet in Silicon Valley, released the “Top 50 Most Promising Start up Companies in the World” (TI 50) for 2024. This list is released at the end of each year, aiming to discover companies that have achieved substantial success or have transformative impact in the technology ecosystem. It is regarded as one of the benchmarks for startups in the technology field.
Due to its focus on startups rather than unicorns, TI 50 has set two core restrictions:
The financing amount is less than 100 million US dollars and the valuation is less than 1 billion US dollars, and the establishment time is not more than two years.
On this basis, The Information selected 50 high growth potential startups from around the world by evaluating financial metrics, market disruption, scalability, and the unique value added by the enterprise to its industry.
In this year’s list, six Asian companies made it onto the list, four of which are from China,
Three of them focus on the field of AI applications.