Mogadishu

Hargeisa

Afgoye

Badhan

Banaadir

Bosaso

Bari

Burco

Woqooyi Galbeed

Garowe

Gedo

Jowhaar

Kismayo

Baidoa

Bardere

Somalia

![Free Somalia Banner photo and picture](https://cdn.pixabay.com/photo/2017/08/30/12/49/somalia-2696961_1280.jpg)
 Somalia is a surprising example of innovation flourishing under tough economic and geopolitical circumstances. With some stability restored over the last decade, Somalia has a strategic location at the horn of Africa and routes through the Red Sea and Suez Canal. ==read-more==

 Although Somalia is still an ecosystem in the seed stage, we were inspired to see how the public sector, local entrepreneurs, and international organizations have worked hard to foster disruptive innovations aimed at solving some of the country’s biggest problems. In particular, women entrepreneurs play an important role in the economy of Somalia, as they own almost half of the businesses. The innovative potential of the country is supported by local and international organizations such as [Innovate Ventures](https://www.innovate-ventures.com/), [VC4A](https://work-in-progress.vc4a.com/), and [the Response Innovation Labs.](https://www.responseinnovationlab.com/) 

 As a country that finds itself on a major transformation path, Somalia has a number of reforms to tackle and several challenges to address. These challenges aren't only financial but also have to do with building infrastructure and changing both the country’s narrative and mentality when it comes to entrepreneurship. We look forward to seeing how these reforms will be implemented in the coming years and the positive impact they will have on Somalia’s startup scene.

Elevate Pay is a financial technology company that provides innovative financial services and products, including local and dollar cards. It also offers a feature for free remittances, making it easier for users to manage their finances and send money across borders effortlessly.

Elevate Pay

Newark

Elevate Pay startup from Newark, United States is ranked 17995 out of 193932 worldwide and 6502 from the 72786 startups in United States. See more information and additional rankings on the StartupBlink Global Ecosystem Map

As the innovation hub of the Asia-Pacific region, Taiwan is renowned for its outstanding high-tech R&D capacity, highly-trained professionals, and thriving networks of entrepreneurs which enable our  startup ecosystem to achieve steady continuous growth.

Director General, Department of Academia-Industry Collaboration and Science Park Affairs

In the recent years, Moscow has become a gravity centre for the most talented people not only from Russia and Eastern Europe, but from all over the world. Such concentration of professionals affirms Moscow as one of the global “cities of the future”, world centre for the development of breakthrough technologies, particularly in IT.

The Moscow Agency of Innovations was established to create a truly favorable environment for the advancement of technology in Moscow.

2016

The Skolkovo Innovation Center and Skolkovo Foundation was signed into law with a goal to goal is to create a sustainable ecosystem of entrepreneurship and innovation.

2010

Avito, a classified ads website and now a unicorn, first went online.

2007

The Moscow Seed Fund, a VC which invests in see and pre-seed startups, was established.

2005

Yandex search engine was launched!!!!

1997

Innovate Ventures started to help local youth and women-led entrepreneurs and startups in Somalia

2012

Nordic Horn of Africa Opportunities Fund, a US$10 million fund that aims to help Somali entrepreneurs launched

2018

$5 Million entrepreneurship fund allocated by Salaam Bank, Salaam Entrepreneurs Fund is established

2021

Запуск CAREC Startup Hub

2022

 Министерская конференция ЦАРЭС одобряет Цифровую стратегию ЦАРЭС 2030

Секретариат ЦАРЭС запускает техническую помощь стартапам и цифровизации

2020

Гендерная стратегия ЦАРЭС до 2030 года одобрена всеми странами-участницами

Стратегия ЦАРЭС 2030 включает ИКТ в качестве сквозного сектора для Программы ЦАРЭС

2017

Институт ЦАРЭС получает правовой статус

Создана физическая база Института ЦАРЭС

2015

Одобрено шесть проектов ЦАРЭС на сумму $247 млн

2001

АБР официально учредил программу ЦАРЭС

Одобрена техническая помощь в продвижении регионального экономического сотрудничества в Центральной Азии

1996

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