Montevideo boasts 36 startups in our sample database which represents about 97% of Uruguay’s sampled startups. Montevideo is the highest-ranked startup ecosystem in Uruguay.
While Montevideo decreased by 53 spots in its global rank in the Global Startup Ecosystem Index of 2022, its ranking in Uruguay remained stable at 1 nationally since 2021.
Understand our ranking methodology and get the latest insights on the startup ecosystems of 100 countries and 1000 cities around the world!
Montevideo is ranked within the top 300 startup ecosystems globally.
Montevideo’s startups excel particularly in Fintech where it ranks 44 and in Software and Data, and Ecommerce & Retail. Find out more
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On our map, you can explore a total of 11 startups for Fintech.
In South America, Montevideo's Software and Data is in top 234. Montevideo has a concentration of about 0% of the country's total Software and Data startups that are represented on our map.
Ecommerce & Retail is ranked 257th in the world. Our database contains 7 startups for this industry.
Within Montevideo there is an increased attraction for entrepreneurs to set up their startups in industries such as Fintech, Software and Data, Ecommerce & Retail. These three industries represent about 69% of the startups represented on the Startup Ecosystem Map of Montevideo.
Montevideo is Uruguay's 1st best startup ecosystem and is ranked 10th in South America. With a population of 1M - 2M people, Montevideo is ranked th in the world. The city boasts some notable startup success stories including Satellogic.
If you are a startup ecosystem developer in Montevideo, you can grow your startup economy by becoming a partner.
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, […]
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 […]
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 […]