The Startup Ecosystem of Funchal

Funchal has 4 startups in our sample database which represents about 1% of Portugal’s sampled startups. Funchal is the 7th best startup ecosystem in Portugal.

CITY RANKING

Since 2023, Funchal lost 104 spots in the Global Startup Ecosystem Index, having now positioned itself as 1053rd worldwide.

National Ranking

7th
-
1
In Portugal

Regional Ranking

356th
-
25
In Western Europe

Global Ranking

1053rd
-
104
Worldwide
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ECOSYSTEM

Browse the startup ecosystem database of Funchal

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Ecosystem

The Startup Ecosystem in Funchal

Startups in Funchal excel in Software and Data, Social & Leisure, and and undefined. There are some notable success stories contributing to the city’s growing Software and Data industry. One of the most promising startups in Funchal in 2023 is , , and undefined.

Global Rank

Top Industries

Funchal's startups overperform in Software and Data,Social & Leisure,, 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:
2023 National Rank & Change ▲
Access subscores for 1000 cities and 100 countries
2023 National Rank & Change City
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Global Rank & ChangeTotal ScoreQuantity ScoreQuality ScoreBusiness Score
1st
0
62nd
+
21
10.232
00.00
00.00
00.00
2nd
0
147th
-
11
4.399
00.00
00.00
00.00
3rd
0
424th
+
8
0.733
00.00
00.00
00.00
4th
0
557th
-
116
0.409
00.00
00.00
00.00
5th
+
2
639th
+
326
0.321
00.00
00.00
00.00
6th
-
1
739th
-
72
0.233
00.00
00.00
00.00
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Startups

Notable Startups in Funchal

Startups

Successful Software and Data startups in Funchal

Startups

Startups Ranking by Industry

Software and Data icon
Software and Data
2 startups

On our map, you can explore a total of 2 startups for Software and Data.

Social & Leisure icon
Social & Leisure
2 startups

Funchal has 2 startups in Social & Leisure on our map.

ECOSYSTEM

Why should you join Funchal's Startup Ecosystem?

Overview

7th

National Rank

356th

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:

Accelerators

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Startup Madeira

Coworking Spaces

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Featured Ecosystem Portals

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