The Startup Ecosystem of Montevideo
Montevideo boasts 36 startups in our sample database which represents about 97% of Uruguayâs sampled startups. Montevideo is the highest-ranked startup ecosystem in Uruguay.
CITY RANKING
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.
National Ranking
In Uruguay
Regional Ranking
In South America
Global Ranking
Worldwide
ECOSYSTEM
Browse the startup ecosystem database of Montevideo
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Ecosystem
The Startup Ecosystem in Montevideo
Global Rank
Montevideo is ranked within the top 300 startup ecosystems globally.
Top Industries
Montevideoâs startups excel particularly in Fintech where it ranks 44 and in Software and Data, and Ecommerce & Retail. Find out more
Top Cities for Startups in Uruguay - Ranked by StartupBlink
| 2022 National Rank & Change | City | Global Rank & Change | Total Score | Quantity Score | Quality Score | Business Score |
|---|---|---|---|---|---|---|
1st 0 | 218th - 53 | 3.696 | 0.26 | 1.36 | 2.08 |
Startups
Notable Startups in Montevideo
Startups
Successful Fintech startups in Montevideo
Startups
Startups Ranking by Industry
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.
ECOSYSTEM
Why should you join Montevideo's Startup Ecosystem?
Overview
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.
1st
National Rank
10th
Regional Rank
Overview
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.
ECOSYSTEM
Startup Infrastructure in Montevideo
Coworking Spaces
CoWork Latam
Co-Work Chile
Sinergia Cowork
Organizations
Uruguay IT
ECOSYSTEMSFeatured Ecosystem Portals
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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 StartupBlinkâs Global Startup Ecosystem Index 2022, 9 out of the top 20 highest-ranked countries had a population of less than 10 million, [âŠ]
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. StartupBlinkâs GSEI is based on an elaborate algorithm [âŠ]
Tue Feb 28 2023
The Top 30 Countries by Absolute Power in 2022
What is Absolute Power? Generally, StartupBlinkâs GSEI scoring algorithm calibrates the countriesâ total score to their population size to check the startup outputs of countries per capita.  The âAbsolute Powerâ 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 [âŠ]