The Startup Ecosystem of Ulaanbaatar

Home to 98% of Mongolia’s startups, Ulaanbaatar boasts a vibrant startup ecosystem that is ranked 472 in the world.


In 2022, the startup scene of Ulaanbaatar shows much promise after advancing in the Global Ecosystem Index by 19 spots.

National Ranking

In Mongolia

Regional Ranking

In East Asia

Global Ranking


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The Startup Ecosystem in Ulaanbaatar

Startups in Ulaanbaatar excel in Education, Ecommerce & Retail, and and Fintech. There are some notable success stories contributing to the city’s growing Education industry. One of the most promising startups in Ulaanbaatar in 2022 is E-mongolia,, and Art Lab.

Global Rank

Ulaanbaatar is ranked within the top 500 startup ecosystems globally.

Top Industries

Ulaanbaatar’s startups excel particularly in Education where it ranks 169 and in Ecommerce & Retail, and Fintech. Find out more

Top Cities for Startups in Mongolia - Ranked by StartupBlink
StartupBlink ranks the startup ecosystems of 100 countries and 1,000 cities. Download our latest Global Startup Ecosystem Report.
2022 National Rank & Change ▲
2022 National Rank & Change City
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Notable Startups in Ulaanbaatar
E-mongolia startup icon
E-mongolia startup icon
Art Lab startup icon
Art Lab


Successful Education startups in Ulaanbaatar
Tomyo startup icon
Melearn startup icon
Bright On LLC startup icon
Bright On LLC


Startups Ranking by Industry

Education icon
#169 worldwide

On our map, you can explore a total of 17 startups for Education.

Ecommerce & Retail icon
Ecommerce & Retail
#194 worldwide

In East Asia, Ulaanbaatar's Ecommerce & Retail is in top 194. Ulaanbaatar has a concentration of about 0% of the country's total Ecommerce & Retail startups that are represented on our map.

Fintech icon
#260 worldwide

Fintech is ranked 260th in the world. Our database contains 10 startups for this industry.

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Why should you join Ulaanbaatar's Startup Ecosystem?


Within Ulaanbaatar there is an increased attraction for entrepreneurs to set up their startups in industries such as Education, Ecommerce & Retail, Fintech. These three industries represent about 69% of the startups represented on the Startup Ecosystem Map of Ulaanbaatar.


National Rank


Regional Rank


Ulaanbaatar is Mongolia's 1st best startup ecosystem and is ranked 40th in East Asia. With a population of <0.1M people, Ulaanbaatar is ranked th in the world. The city boasts some notable startup success stories including E-mongolia.

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


M Stars Hub startup icon

M Stars Hub

Socratus start up Studio startup icon

Socratus start up Studio

Coworking Spaces

Startup Terminal startup icon

Startup Terminal

CLUB coworking startup icon

CLUB coworking

Startup Marketing Space startup icon

Startup Marketing Space


Global Shapers Ulaanbaatar Hub startup icon

Global Shapers Ulaanbaatar Hub

Invest in Mongolia startup icon

Invest in Mongolia

AustCham Mongolia startup icon

AustCham Mongolia

Featured 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 StartupBlink’s Global Startup Ecosystem Index 2022, 9 out of the top 20 highest-ranked countries had a population of less than 10 million, […]

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.  StartupBlink’s GSEI is based on an elaborate algorithm […]

Tue Feb 28 2023

The Top 30 Countries by Absolute Power in 2022

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 […]