Colombia’s entrepreneurial ecosystem is the only one in the whole of Latin America to show a positive trend in 2022. In total, it has more than 1,300 startups and as of 2023 it has three unicorns: Rappi, LifeMiles and Habi.

60% of Colombia’s startups are located in Bogotá, which is positioned as one of the most prominent cities in Latin America. Medellín and Cali complete the country’s entrepreneurship ranking.

Colombia offers entrepreneurs various funding options, from public initiatives such as the Crecer y Crear (Grow and Create) seed capital lines of the Entrepreneurial Fund to private initiatives such as the HubBOG or Bictia accelerators.