Córdoba’s Tech Ecosystem By the Numbers

Córdoba is celebrated in the 2024 Global Startup Ecosystem Report - with the ecosystem experiencing 287% growth in Ecosystem Value
Franzis Walther
on June 20, 2024

Agencia Córdoba Innovar y Emprender and Startup Genome have teamed up to spotlight Córdoba’s entrepreneurial ecosystem in the Global Startup Ecosystem Report:

  • The ecosystem created $321 million in Ecosystem Value from Jul 01, 2021 to Dec 31, 2023, representing 287% compound annual growth compared to Jul 01, 2019 to Dec 31, 2021 time period. Ecosystem Value is a measure of economic impact, calculated as the value of exits and startup valuations.

  • #14 Ecosystem in the Latin America Region

  • Top 10 Latin American Ecosystem in Affordable Talent — measures the ability to hire tech talent

  • Top 15 Latin American Ecosystem in Funding — measures innovation through early-stage funding and investor’s activity

  • Top 20 Latin American Ecosystem in Knowledge — measures innovation through research and patent activity

  • Top 20 Latin American Ecosystem in Performance — measures the size and performance of an ecosystem based on the accumulated tech startup value created from exits and funding

  • Top 20 Latin American Ecosystem in Talent & Experience — measures long-term trends over the most significant performance factors

  • Top 20 Latin American Ecosystem in Bang for Buck — measures the amount of runway tech startups acquire, on average, from a VC round

  • The Agtech & New Food, AI, Big Data & Analytics, and Cleantech & Biotech sectors are highlighted for their density of talent, support resources, and startup activity

“Córdoba embraces sustainable innovation and emerging tech challenges. The ecosystem has to be able to respond to these challenges, and the Agency contributes to this objective by enhancing startup deal flow, boosting institutional capacities, and fostering academia-industry connections to meet new global paradigms.” — Manuel Ron, President, Córdoba Innovation and Entrepreneurship Agency

The report highlights that there are over 20 incubators and eight venture capital institutions in Córdoba, more than tripling their presence over the last six years. Over the same period, there was a 167% increase in Series A startup investment. There is also a significant dynamism in the venture capital industry in the province, with a 474% increase in the total amount of money raised by startups from 2016/2017, reaching $51.3 million in 2022/2023.

"Startup Genome is privileged to collaborate with the Córdoba Innovation and Entrepreneurship Agency in propelling entrepreneurial-based economic growth in Córdoba," shares Marc Penzel, Founder & President of Startup Genome. "We harness a rigorous, data-driven approach to spotlight the potential of this dynamic ecosystem and bolster the trajectory of its entrepreneurs."

For more insights and an overview of Córdoba’s startup landscape, visit the Córdoba ecosystem page.

To learn more about startup ecosystems around the world, view the full, free Global Startup Ecosystem Report.

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