Brazil ranked as the best country for startups in Latin America and the Caribbean in 2024, with a total score of 9.78 points. Moreover, 4 out of the 10 top cities for startups in the region were located in Brazil. Colombia, whose score was 6.39 points, ranked second.
2024
LAC
2023
The source states that the total score of the rankings is a sum of the quantity, quality, and business environment individual scores. The score ranges from 0 to 215.001 points (maximum score awarded to the United States, the best ranked country in the world according to the Startup Ecosystem Rankings 2024 report).
Quantity Score: Takes into account different metrics, such as number of startups, number of coworking spaces, and number of accelerators, to establish the activity level of the startup ecosystem
Quality Score: Studies parameters that indicate qualitative results achieved by the ecosystem. These parameters include analyzing the traction of the ecosystem’s top startups, as well as reviewing “special entities” the ecosystem has produced: Unicorns, Exits, and Pantheon
Business Score: It is a mix of business and economic indicators at the national level, discounted for cities that haven't reached a critical mass either for Quantity or Quality
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Global overview
Women's early-stage entrepeneurial activity (TEA)
Female entrepreneurs
Gender gap
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The statistic on this page is a Premium Statistic and is included in this account.
Professional Account
1 All prices do not include sales tax. The account requires an annual contract and will renew after one year to the regular list price.
