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Grow Smarter in Colombia

Launch and scale in one of Latin America’s top startup nations, offering talent, cost advantages, and access to regional and global markets.

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Startups

1613

Growth Rate

22.3%

Total Funding

$14.7B

Ecosystem Highlight

National Ranking

#2 in South America

Colombia ranks as the 2nd-strongest startup ecosystem in South America, with Bogotá, Medellín, and Cali driving growth through innovation and policy support.

"Bogotá is emerging as a true talent and innovation hub. Its universities have become engines of scientific and techbased entrepreneurship, with strong ties to the productive sector accelerating knowledge transfer and spinoff creation. Today, more highly skilled young people are choosing to address local challenges with globally scalable solutions from Colombia’s capital. Also, the ongoing construction of the Science, Technology, and Innovation Campus is a major step forward in consolidating this ecosystem."
Ovidio Claros

Ovidio Claros

Executive President, Bogotá Chamber of Commerce

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Top Achievements of the Colombia Startup Ecosystem

Rankings provided by

Among LATAM Countries Regional Rank

#2

Colombia ranks as the 2nd-strongest startup ecosystem in Latin America, fueled by powerhouse cities Bogotá, Medellín, and Cali.

Fastest-Growing Startup Ecosystem in LATAM

+22%

Colombia posts the highest annual growth rate in Latin America at over 22%, outpacing all regional peers.

Top Transportation Hub in LATAM

#1

Colombia holds the #1 spot in Latin America for Transportation startups and is ranked among the Top 20 globally in this industry, driven by innovation in mobility, logistics, and delivery technologies.

Key Benefits of Joining Colombia Startup Ecosystem

Strategic Location & Competitive Advantage

As the gateway between North and South America, Colombia offers direct access to both Pacific and Atlantic trade routes, strong air connectivity, and free trade agreements with more than 60 countries. Its large, youthful, and increasingly tech-savvy population provides a deep talent pool, many with bilingual capabilities, while operational costs remain competitive compared to other major Latin American markets.

Rapidly Expanding Ecosystem

Colombia’s startup landscape is experiencing sustained growth, with dynamic hubs in Bogotá, Medellín, and Cali. The ecosystem is supported by government initiatives, private accelerators, and an expanding network of investors. Increased deal flow, international partnerships, and consistent global ranking improvements make Colombia a high-potential market for early and growth-stage investments.

Focused Sector Strengths and Cluster Development

Colombia has established industry clusters in transportation and logistics (ranked #1 in LATAM), fintech, healthtech, agritech, and creative industries. These sectors offer investors ready-made value chains, early customer bases, and specialized support networks reducing time to market and increasing the scalability of portfolio companies.

Key Statistics

Foreign Investment

$14.23B

In 2024

Startup Companies

1,500+

In Colombia

Talent Pool

150,000+

Active tech professionals

Colombia Ecosystem Landscape

Taxes and Incentives
  • Free Trade Zones offer a reduced corporate tax rate of 20% along with VAT and customs duty exemptions for goods entering the zone.
  • Mega-Investment Regime reduces corporate tax to 27%, allows accelerated depreciation, and grants tax stability for large projects over US $306M that create at least 250 jobs.
  • Digital Nomad Visa allows non-Colombians earning at least US $684 per month to relocate to Colombia for up to two years.
  • Renewable Energy Incentives allow a 50% income tax deduction for up to 15 years on investments in green and blue hydrogen, energy efficiency, and smart metering systems, plus VAT and customs exemptions.
  • R&D Incentives grant a 30% tax credit and VAT exemptions for companies investing in scientific and innovation projects or professional training.
  • Regional Tax Breaks provide a 50% income tax exemption for five years in designated Special Economic and Social Development Zones (ZESE).
Investor Landscape
  • Startup deals grew 111% from 2019–2022, with investment dollars up 230%; $786M raised in 2023.
  • Colombia is among the top Latin American countries for Y Combinator-backed startups (25+ companies).
  • Global VC firms like Andreessen Horowitz, Tiger Global, and GGV Capital actively invest in Colombian startups.
  • Key local VCs include EWA Capital, InQLab, Impulsum Ventures, Polymath Ventures, Bancolombia Ventures, and FCP Innovación.
  • Angel networks such as AIM Network, ANDI Del Futuro, and Vertical Labs provide early-stage capital.
  • Government programs like iNNpulsa Colombia and Fondo Emprender offer grants, co-investment, and startup funding.

Ecosystem Milestones

2022

Introduction of Colombia Digital Nomad Visa

Approval of National Entrepreneurship Policy

2036
2019

Launch of Digital Transformation Policy and Artificial Intelligence

Rappi becomes the first company in Colombia to raise $US 1 Billion

2019
2019

The Centre for the Fourth Industrial Revolution LATAM branch opens in Colombia.

Launch of InnPulsa by Colombia Development Bank

2012
2009

Ruta N starts operations in Medellin to foster innovation in the city

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