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Somalia has been working towards restoring itself as a regional hub for commerce, transportation, trade and industry. The country has several opportunities resulting from the growing use of digital technologies and planned investments.

Explore the Startup Ecosystem Map of Somalia

Startups
Coworking
Accelerators
Leaders
Organizations

Comparative Analysis of Top Cities for Startups in Somalia

StartupBlink ranks the startup ecosystems of 100 countries and 1,000 cities. Download our latest Global Ecosystem Report.
Rows per page
2022 National Rank and Change▲
2022 National Rank and ChangeCity
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Global Rank & ChangeTotal ScoreQuantity ScoreQuality ScoreBusiness Score
th
new
th
new
195.370
27.56
164.15
3.66
th
new
th
new
52.554
12.66
36.10
3.79
th
new
th
new
45.062
7.09
34.82
3.15
th
new
th
new
35.264
9.40
22.35
3.51
th
new
th
new
28.502
4.67
20.03
3.80
th
new
th
new
25.334
4.96
16.84
3.54
th
new
th
new
23.407
3.98
17.18
2.24
th
new
th
new
22.454
5.95
12.86
3.64
th
new
th
new
20.994
4.82
12.77
3.40
th
new
th
new
20.663
1.97
16.04
2.65
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Notable Startups
startup iconPointClickCare
startup iconApplyBoard
startup iconClearco
Top Coworking Spaces
startup iconSeaway Coworking
startup iconWorkAway Offices
startup iconFractal Workspace
Top Accelerators
startup iconMaRS Discovery District
startup iconBuild2Scale Health
startup iconFounder Institute
Notable Organizations
startup iconKingston Economic Development Corporation
startup iconSilicon Halton
View complete Somalia startup ecosystem database

Somalia Ecosystem Landscape

Initiatives
    • The Ministry of Commerce and Industry of Somalia has launched the Somali Business Registration System. The new online system will significantly reduce the time required for company to register.

    • The government of Somalia is working on and is expected to release a friendly policy for small and medium businesses.

    Investor Landscape
      • Investment firm Norfund, One Earth Future’s Shuraako initiative and Danish development finance institution IFU launched the Nordic Horn of Africa Opportunities Fund in 2018, a US $10 million fund that aims to help Somali entrepreneurs build sustainable businesses.
      • Innovate Ventures has provided more than US $150,000 in seed capital to more than 54 startups since 2017. Salaam Entrepreneurs Fund (SEF) is a US $5 Million entrepreneurship fund allocated by Salaam Bank in collaboration with Hormuud Telecom for Somali entrepreneurs.
    Notable events and communities
    • Startup Grind Mogadishu: Mogadishu chapter of the global startup community Startup Grind, organizes networking events and interactions with successful entrepreneurs.

    • Ambitious Somalia: A platform that connects Nordic and Somali youth in the areas of Entrepreneurship, Education and Entertainment.

    • Institute of Innovation, Tech, & Entrepreneurship organizes mentorship and networking events, as well as panel discussions about various topics related to entrepreneurship.

Read more about Somalia startup ecosystem

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