The Startup Ecosystem of Lagos
Lagos has 250 startups in our sample database. This represents about 77% of Nigeria’s startups. Lagos is the highest-ranked startup ecosystem in Nigeria.
CITY RANKING
While Lagos decreased by 1 spot in its global rank in the Global Startup Ecosystem Index of 2023, its ranking in Nigeria remained stable at 1 nationally since 2022.
National Ranking
In Nigeria
Regional Ranking
In Western Africa
Global Ranking
Worldwide
Startups
Lagos Top Startup Industries
67 startups
16 startups
26 startups
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Ecosystem HealthCheck
Lagos Ecosystem Health Check
The health check tables allow you to look at the performance Lagos 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
ECOSYSTEM
Browse the startup ecosystem database of Lagos
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Ecosystem
The Startup Ecosystem in Lagos
Global Rank
Lagos is ranked within the top 100 startup ecosystems globally.
Top Industries
Lagos’s startups excel particularly in Fintech where it ranks 38 and in Transportation, and Ecommerce & Retail. Find out more
Top Cities for Startups in Nigeria - Ranked by StartupBlink
| 2023 National Rank & Change | City | Global Rank & Change | Total Score | Quantity Score | Quality Score | Business Score |
|---|---|---|---|---|---|---|
1st 0 | 82nd - 1 | 8.230 | 00.00 | 00.00 | 00.00 | |
2nd 0 | 587th - 114 | 0.368 | 00.00 | 00.00 | 00.00 | |
3rd 0 | 631st + 30 | 0.326 | 00.00 | 00.00 | 00.00 | |
4th + 1 | 841st new | 0.177 | 00.00 | 00.00 | 00.00 | |
5th - 1 | 961st new | 0.126 | 00.00 | 00.00 | 00.00 |
Startups
Notable Startups in Lagos
Startups
Successful Fintech startups in Lagos
ECOSYSTEM
Why should you join Lagos's Startup Ecosystem?
Overview
Within Lagos there is an increased attraction for entrepreneurs to set up their startups in industries such as Fintech, Transportation, Ecommerce & Retail. These three industries represent about 44% of the startups represented on the Startup Ecosystem Map of Lagos.
1st
National Rank
1st
Regional Rank
Overview
Lagos is Nigeria's 1st best startup ecosystem and is ranked 1st in Western Africa. With a population of undefined, Lagos is ranked 82nd in the world. The city has some notable startup success stories including TeamApt and its startup ecosystem infrastructure is strengthened by organizations such as Jumia Group and Regus - Lagos, Vibranium Valley.
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Recent Posts
Mon Sep 25 2023
Role of Universities in Startup Ecosystems
In this article, we’ll explore the role of universities in startup ecosystems. Join us for an enlightening discussion in the 39th episode of our Startup Ecosystem Podcast series, where Martin Jordana welcomes David Kwok. David, the Director of Entrepreneurship & Innovation at YSpace —a university run community innovation hub nestled in Downtown Markham —shares valuable […]
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The Global Startup Ecosystem Rankings by StartupBlink
The Global Startup Ecosystem Index (GSEI) reveals the startup ecosystem rankings of 1,000 cities and 100 countries based on various factors. It uses an algorithm that considers many parameters and incorporates data from different sources and partners such as Crunchbase, SEMRush and Statista. The results of this index are also integrated with the StartupBlink Global […]
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At StartupBlink, we always say that where you base your startup highly affects your success. Hence, the Global Startup Ecosystem Index sheds light on location-based decisions for startups and other ecosystem stakeholders. In this episode of the Startup Ecosystem Podcast, Eli David and Martin Jordana go further to discuss the cities of the future for […]