The Startup Ecosystem of Armenia

Armenia boasts 1 city in the top 1000 and is the leading startup hub in Eastern Europe.

COUNTRY RANKING

Armenia’s startup scene saw an increase in 2022 and jumped 5 spots from the previous year, outranking Nigeria.

Population

2.8
Million

Regional Ranking

16th
+
1
In Eastern Europe

Global Ranking

60th
+
5
Worldwide
Free Dashboard
Pro Dashboard

ECOSYSTEM

Browse the startup ecosystem database of Armenia

Download the Global Startup Ecosystem Index 

Understand our ranking methodology and get the latest insights on the startup ecosystems of 100 countries and 1000 cities around the world!

Download

Ecosystem

The Startup Ecosystem in Armenia

Our startup ecosystem map for Armenia includes a sample of 36 tech companies. We have identified as unicorns 1 startups that have passed the USD 1 billion valuations.

Global Rank

Armenia is ranked within the top 100 startup ecosystems globally.

Top Industries

Armenia’s startup scene is best represented in Social & Leisure, Software and Data, and in Marketing & and Sales.

Top Cities for Startups in Armenia - Ranked by StartupBlink
StartupBlink ranks the startup ecosystems of 100 countries and 1,000 cities. Download our latest Global Startup Ecosystem Report.
Rows:
2022 National Rank & Change ▲
2022 National Rank & Change City
search leaderboards icon
Global Rank & ChangeTotal ScoreQuantity ScoreQuality ScoreBusiness Score
1st
0
244th
+
38
3.071
0.25
0.71
2.11
Page out of 1

Startups

Notable Startups in Armenia
Renderforest startup icon
Renderforest
SoloLearn startup icon
SoloLearn
Krisp startup icon
Krisp

Startups

Successful Social & Leisure startups in Armenia
Renderforest startup icon
Renderforest
Benivo startup icon
Benivo
360STORIES startup icon
360STORIES

Startups

Startups Ranking by Industry

Social & Leisure icon
Social & Leisure
#54 worldwide

On our map, you can explore a total of 14 startups for Social & Leisure.

Software and Data icon
Software and Data
#56 worldwide

In Eastern Europe, Armenia's Software and Data is in top 56. Armenia has a concentration of about 7 of the region's total Software and Data startups that are represented on our map.

Marketing & Sales icon
Marketing & Sales
4 startups

Our database contains 4 for Marketing & Sales in Armenia.

Explore More

Featured Ecosystem Portals

Go to portal
Go to portal

Work with us

If you are a startup ecosystem developer in Armenia, you can grow your startup economy by becoming a partner.

Find out more

BLOG

Recent Posts

Tue Mar 14 2023

EP 33: Do Small Countries Have an Edge in Building a startup Ecosystem?

Do small countries have an edge in building a startup ecosystem? In this episode, the StartupBlink team and Eli David discuss the unique advantages of small countries for building a thriving ecosystem. In StartupBlink’s Global Startup Ecosystem Index 2022, 9 out of the top 20 highest-ranked countries had a population of less than 10 million, […]

Wed Mar 08 2023

How can collaborating with StartupBlink as an ecosystem partner help your ecosystem and organization?

Collaborating with StartupBlink as a data partner can bring a range of benefits to your organization and ecosystem. As the most comprehensive startup ecosystem map and research center, we publish the Global Startup Ecosystem Index Report (GSEI) annually, ranking the top 1,000 cities and 100 countries worldwide.  StartupBlink’s GSEI is based on an elaborate algorithm […]

Tue Feb 28 2023

The Top 30 Countries by Absolute Power in 2022

What is Absolute Power? Generally, StartupBlink’s GSEI scoring algorithm calibrates the countries’ total score to their population size to check the startup outputs of countries per capita.   The “Absolute Power” algorithm ignores the size of the population and looks at the absolute amount of startup output per country to compare their dominance regardless of population […]