"Argentina's capital (and largest city) has long fostered the entrepreneurial spirit thanks to its prominent universities, affordability, and a currently rising number of venture capital investments."
Buenos Aires is known as a lively cultural center, but Argentina’s capital is also rapidly turning into an exciting startup hub. Since 2008, accelerators and incubators financed by the Buenos Aires City Government and public-private investment schemes have supported more than 30,000 entrepreneurs in the city. Academia Buenos Aires offers the Emprende course, in which entrepreneurs learn lean startup methodology, design thinking, and other business skills, and the Buenos Aires Institute of Technology offers an entrepreneurship course. Incubator program incuBAte finances up to 100 startups per round and offers equity-free funding, mentorships, networking, and coworking spaces to participants.
Startups also benefit from Buenos Aires’ pool of educated, international talent. The city is home to many distinguished universities and more than 40% of young adults here have completed tertiary education. The city also boasts the highest level of English proficiency in Latin America. The National Trust Fund for Entrepreneurial Capital (FONDCE) is composed of ten funds with a minimum of $30 million allocated to each. FONDCE provides zero interest loans to new businesses. Argentina-based companies can also sell equity and offer convertible notes online via crowdfunding to raise funds. Recent notable fundraising news out of the ecosystem includes e-commerce platform Tiendanube’s $500 million Series E in August 2021, which put the company's pre-money valuation at $2.6 billion.
Ecosystem by the Numbers
Reasons to Move Your Startup to Buenos Aires
Buenos Aires is just one hour ahead of U.S. East Coast time, four hours behind London, and four hours ahead of Silicon Valley, making it a strategic location for teams working remotely or serving a variety of international clients.
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