The Startup Ecosystem of Armenia

Armenia has 6 startups in our sample database.

CITY RANKING

Since 2023, Armenia lost 912 spots in the Global Startup Ecosystem Index, having now positioned itself as 912th worldwide.

National Ranking

9th
new
In Colombia

Regional Ranking

44th
new
In South America

Global Ranking

912th
new
Worldwide

Startups

Armenia Top Startup Industries

Ecommerce & Retail icon
Ecommerce & Retail
#293 worldwide

3 startups

Software & Data icon
Software & Data
1 startups

1 startups

Fintech icon
Fintech
1 startups

1 startups

Ecosystem HealthCheck

Armenia Ecosystem Health Check

The health check tables allow you to look at the performance Armenia has in each of the parameters that are part of StartupBlink's ranking algorithm. There are five tables, corresponding to the three subscores, the subscore analysis and industry ana...

  • Overperformance
  • Performance equal to global ranking
  • Underperformance
ParameterParameter Global rankParameter rank change since 2022ResultContribution to total scoreRank gain / loss due to parameter
Total Score912N/A0.146100%0
Quantity Score757NaN0.04530.69%76
Sample size of startups1137NaN610.14%-192
Sample size of accelerators487-1139NaN00%-9
Sample size of coworking spaces793-910NaN10%-6
Community Score258-632NaN0.0320.55%132

ECOSYSTEM

Browse the startup ecosystem database of Armenia

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Ecosystem

The Startup Ecosystem in Armenia

Startups in Armenia excel in Ecommerce & Retail, Software & Data, and and Fintech. There are some notable success stories contributing to the city’s growing Ecommerce & Retail industry. One of the most promising startups in Armenia in 2023 is Azahar Coffee, , and undefined.

Global Rank

Armenia is ranked within the top 1000 startup ecosystems globally.

Top Industries

Armenia’s startups excel particularly in Ecommerce & Retail where it ranks 293 and in Software & Data, and Fintech. Find out more

Top Cities for Startups in Colombia - Ranked by StartupBlink
StartupBlink ranks the startup ecosystems of 100 countries and 1,000 cities. Download our latest Global Startup Ecosystem Report.
Rows:
2023 National Rank & Change ▲
2023 National Rank & Change City
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Global Rank & ChangeTotal Score
Access subscores for 1000 cities and 100 countries
Quantity Score
Quality ScoreBusiness Score
1st
0
65th
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5
9.891
00.00
00.00
00.00
2nd
0
168th
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37
3.750
00.00
00.00
00.00
3rd
0
282nd
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11
1.549
00.00
00.00
00.00
4th
0
411th
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15
0.774
00.00
00.00
00.00
5th
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775th
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0.210
00.00
00.00
00.00
6th
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785th
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0.203
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00.00
00.00
7th
new
807th
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0.194
00.00
00.00
00.00
8th
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3
871st
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0.164
00.00
00.00
00.00
9th
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912th
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0.146
00.00
00.00
00.00
10th
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920th
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0.144
00.00
00.00
00.00
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Startups

Notable Startups in Armenia
Azahar Coffee startup icon
Azahar Coffee

Startups

Successful Ecommerce & Retail startups in Armenia

ECOSYSTEM

Why should you join Armenia's Startup Ecosystem?

Overview

Within Armenia there is an increased attraction for entrepreneurs to set up their startups in industries such as Ecommerce & Retail, Software & Data, Fintech. These three industries represent about 83% of the startups represented on the Startup Ecosystem Map of Armenia.

9th

National Rank

44th

Regional Rank

Overview

Armenia is Colombia's 9th best startup ecosystem and is ranked 44th in South America. With a population of <0.1M people, Armenia is ranked 912th in the world. The city has some notable startup success stories including Azahar Coffee.

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