![concrete high rise buildings at daytime](https://images.unsplash.com/photo-1568632234180-0e6c08735d01?ixlib=rb-4.0.3&ixid=M3wxMjA3fDB8MHxzZWFyY2h8M3x8Ym9nb3RhfGVufDB8fDB8fHww&w=1000&q=80)
 Colombia’s startup ecosystems are experiencing significant growth and becoming a key driver of the country’s economy. Various initiatives at the national and municipal levels are supporting entrepreneurship, leading to the emergence of high-quality startups like Rappi, La Haus, Plazzi, and Ontop. ==read-more==
The US$ 1 billion investment by Softbank in Rappi in 2019 highlighted the potential of Colombian startups in the region, while over 40 Colombian startups have been accepted into [Y Combinator](https://www.ycombinator.com/), solidifying Colombia as a leader in LATAM startup ecosystems. 

 The success of Colombian startups can be attributed to the strong support systems from both the public and private sectors, along with accelerators, incubators, and events like [Go Fest (Bogotá)](https://www.ccb.org.co/business/business-sustainability-support/innovation/go-fest) and [Capital Summit (Cali)](https://www.ccc.org.co/capital-summit/) that facilitate networking and growth. The government's favorable investment climate, including various types of investment visas and initiatives to increase technological literacy in smaller cities, has also contributed to the growth of the ecosystem. 

 Colombia is actively working towards improving its business infrastructure, with initiatives like the National Digital Strategy for 2023-2026 aiming to tackle social, economic, and environmental challenges using digital technologies. The introduction of favorable policies, such as simplified financial licenses for financial institutions, has made Colombia an attractive hub for fintech. 

 

 The proactive approach of municipal chambers of commerce, such as the Bogota Chamber of Commerce, the Cali Chamber of Commerce, and the Barranquilla Chamber of Commerce, towards supporting startup ecosystems sets Colombia apart. Notable stakeholders like iNNpulsa Colombia, Manizales Más, Invest in Bogota, and Ruta-N are actively involved in developing the startup ecosystem. Additionally, KPMG Colombia plays a vital role in improving information flow by curating exclusive reports in partnership with these organizations. 

 
 While Bogota remains the leader in startup ecosystem maturity, cities like Medellin and Cali are emerging as innovative hubs attracting attention from expats and digital nomads. The presence of multiple cities with active startup ecosystems gives an international boost to Colombia's startup scene. With a proactive approach to ecosystem development and strong support from local Chambers of Commerce, Colombia's national startup ecosystem is poised to become a strategic center of innovation in Latin America.

Colombia

Carrera 42 #5 Sur-145 is a coworking space of the WeWork chain, located in Medellin, Colombia

Carrera 42 #5 Sur-145

Medellin

See additional information and special deals for Carrera 42 #5 Sur-145 coworking space in Medellin, Colombia on StartupBlink. You can also look for other coworking spaces in Medellin

As the innovation hub of the Asia-Pacific region, Taiwan is renowned for its outstanding high-tech R&D capacity, highly-trained professionals, and thriving networks of entrepreneurs which enable our  startup ecosystem to achieve steady continuous growth.

Director General, Department of Academia-Industry Collaboration and Science Park Affairs

Medellin Startup Ecosystem Comparative Analysis

Key Stats of the Medellin, Colombia Startup Ecosystem

The Moscow Agency of Innovations was established to create a truly favorable environment for the advancement of technology in Moscow.

2016

The Skolkovo Innovation Center and Skolkovo Foundation was signed into law with a goal to goal is to create a sustainable ecosystem of entrepreneurship and innovation.

2010

Avito, a classified ads website and now a unicorn, first went online.

2007

The Moscow Seed Fund, a VC which invests in see and pre-seed startups, was established.

2005

Yandex search engine was launched!!!!

1997

Medellin becomes the Special District of Science, Technology, and Innovation.

2021

  Launch of Ruta N as one of Medellin's important pillars of innovation.

2009

Medellin Digital Strategy pins down the internet access and connectivity problems.