Argentina’s cosmopolitan capital city, Buenos Aires is a lively and innovative tech hub. Unicorns to grow out of the ecosystem include Aleph, Bitfarms, Mural, Tiendanube, Ualá, and Vercel. This is also the birthplace of MercadoLibre, now the biggest Ecommerce platform in Latin America, which IPOd in 2007 and set the stage for a new generation of Ecommerce startups. Nuqlea, a B2B digital platform for construction, raised a $3.9 million seed round in October 2021, and Ecommerce startup Elevva raised a $30 million seed round in May 2022.

In July 2022, the World Bank Board approved a $200 million loan to promote sustainable growth in Argentina with a focus on the creation of technology-based companies, support for entrepreneurs, and access to private capital. This Smart Growth Innovation Program will have special emphasis on promoting low-carbon technologies, circular economy initiatives, and climate-smart developments. It will prioritize initiatives led by women.

Startup Argentina promotes entrepreneurship and innovation in the technology sector by providing resources including mentorship, networking, and funding. The program runs several accelerator programs and connects startups with investors and partners. It also offers an internationalization program to help startups expand globally. Buenos Aires Innovation Park is a 12+ hectare campus intended to bring together public and private institutions dedicated to innovation, higher education, and applied scientific research.

The La Plata Free Trade Zone, which includes a port and logistics hub, allows companies operating within the zone to enjoy benefits including no customs duties and no value-added tax on imported goods.