Mogadishu

Hargeisa

Afgoye

Badhan

Banaadir

Bosaso

Bari

Burco

Woqooyi Galbeed

Garowe

Gedo

Jowhaar

Kismayo

Baidoa

Bardere

Somalia

Podgorica

![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.

MaRS Discovery District

Build2Scale Health

Founder Institute

Seaway Coworking

WorkAway Offices

Fractal Workspace

Kingston Economic Development Corporation

Silicon Halton

CheckRewards

3Hills

Kodio

Explore the Startup Ecosystem of Podgorica and compare its rankings to thousands of locations across 12 industries

Ecommerce & Retail

Edtech

Energy & Environment

Fintech

Foodtech

Hardware & IoT

Healthtech

Marketing & Sales

Social & Leisure

Software & Data

Transportation

3D Printing

Accounting

Adtech

Aerospace

Agtech

Apps

Artificial Intelligence

Arts

Assisted Living

Automotive

Aviation

Biotechnology

Blockchain

Cannabis

Clean Energy

Cleantech

Cloud

Communities

Comtech

Consumer Electronics

Consumer Goods

Content Marketing

Cryptocurrency

Cybersecurity

Data Analytics

Digital Marketing

Digital Media

Ecommerce

Ecommerce & Retail-Other

Education-Other

Edutainment

Energy

Energy & Environment-Other

Enterprise Technology

Entertainment

Events

Financial Services

Financial Technology

Fintech-Other

Fitness

Food Manufacturing

Food and Beverage

Foodtech-Other

Games

Gaming

Hardware

Hardware & IoT-Other

Health Care

Health-Other

Insurance

Internet of Everything

Investment

Life Sciences

Logistics

Manufacturing

Maritime

Market Research

Marketing & Sales-Other

Marketplaces

Medtech

Mobile Commerce

Nanotechnology

Online Banking

Online Food Ordering

Payments

Personal Finance

Pharmaceuticals

Proptech

Public Transportation

Retail

Ride-Hailing

Robotics

SaaS

Sales

Smart Cities

Smart Home

Social & Leisure-Other

Social Commerce

Social Media

Software

Software and Data-Other

Sports

Sustainability

Transportation-Other

Travel

VR/AR

Virtual Currency

Waste Management

Web Development

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

Startup Ecosystem Overview of Podgorica | StartupBlink | StartupBlink

2024 National Rank and Change	City	Global Rank & Change	Total Score	Quantity Score	Quality Score	Business Score
1st⁰	Mogadishu, Somalia	663rd⁺¹⁵	0.273	0.18	0.04	0.05
2nd⁰	Hargeisa, Somalia	762nd⁺⁸⁰	0.204	0.08	0.09	0.04

Podgorica Startup Ecosystem Comparative Analysis

Comparative Analysis of Top Cities for Startups in Somalia