The Startup Ecosystem of Funchal
Funchal boasts 4 startups in our sample database which represents about 1% of Portugal’s sampled startups. Funchal is the 6th best startup ecosystem in Portugal.
CITY RANKING
While Funchal decreased by 242 spots in its global rank in the Global Startup Ecosystem Index of 2022, its ranking in Portugal remained stable at 6 nationally since 2021.
National Ranking
In Portugal
Regional Ranking
In Western Europe
Global Ranking
Worldwide
ECOSYSTEM
Browse the startup ecosystem database of Funchal
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Ecosystem
The Startup Ecosystem in Funchal
Global Rank
Funchal is ranked within the top 1000 startup ecosystems globally.
Top Industries
Funchal's startups overperform in Social & Leisure,Software and Data,, all ranking within the global top 50.
Top Cities for Startups in Portugal - Ranked by StartupBlink
| 2022 National Rank & Change | City | Global Rank & Change | Total Score | Quantity Score | Quality Score | Business Score |
|---|---|---|---|---|---|---|
1st 0 | 83rd - 1 | 8.300 | 1.37 | 3.83 | 3.10 | |
2nd 0 | 136th - 16 | 5.384 | 0.57 | 1.72 | 3.10 | |
3rd 0 | 432nd - 136 | 1.016 | 0.17 | 0.08 | 0.77 | |
4th 0 | 441st + 56 | 0.958 | 0.09 | 0.15 | 0.72 | |
5th 0 | 667th - 84 | 0.421 | 0.06 | 0.04 | 0.32 | |
6th 0 | 949th - 242 | 0.179 | 0.03 | 0.02 | 0.14 | |
7th new | 965th new | 0.173 | 0.02 | 0.02 | 0.13 |
Startups
Notable Startups in Funchal
Startups
Successful Social & Leisure startups in Funchal
Startups
Startups Ranking by Industry
On our map, you can explore a total of 2 startups for Social & Leisure.
Funchal boasts 2 startups in Software and Data on our map.
ECOSYSTEM
Why should you join Funchal's Startup Ecosystem?
Overview
6th
National Rank
331st
Regional Rank
Overview
ECOSYSTEM
Startup Infrastructure in Funchal
Coworking Spaces
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Madeira Business Centre
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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 […]