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

6th
0
In Portugal

Regional Ranking

331st
-
119
In Western Europe

Global Ranking

949th
-
242
Worldwide
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ECOSYSTEM

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Ecosystem

The Startup Ecosystem in Funchal

Startups in Funchal excel in Social & Leisure, Software and Data, and and undefined. There are some notable success stories contributing to the city’s growing Social & Leisure industry. One of the most promising startups in Funchal in 2022 is Nature Meetings, Bclose, and undefined.

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
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
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
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Startups

Notable Startups in Funchal
Nature Meetings startup icon
Nature Meetings
Bclose startup icon
Bclose

Startups

Successful Social & Leisure startups in Funchal
Nature Meetings startup icon
Nature Meetings

Startups

Startups Ranking by Industry

Social & Leisure icon
Social & Leisure
2 startups

On our map, you can explore a total of 2 startups for Social & Leisure.

Software and Data icon
Software and Data
2 startups

Funchal boasts 2 startups in Software and Data on our map.

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ECOSYSTEM

Why should you join Funchal's Startup Ecosystem?

Overview

6th

National Rank

331st

Regional Rank

Overview

ECOSYSTEM
Startup Infrastructure in Funchal
With a large variety of initiatives, Funchal's startup ecosystem stands out from other cities in Western Europe. Funchal offers a number of funding opportunities for entrepreneurs and startups. Below is a list of Funchal's most prominent support initiatives:

Coworking Spaces

Cowork Funchal startup icon

Cowork Funchal

Madeira Business Centre startup icon

Madeira Business Centre

Featured Ecosystem Portals

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