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Bogotá is a strategic economic location not only for Colombia but for the whole Latin America. During the past few years, the city has consolidated its position as more than just the political capital. It is rapidly becoming a vibrant and strong sta

Notable Startups
startup iconLifemiles
startup icon1doc3
startup iconCIVICO
Top Coworking Spaces
startup iconCowo
startup iconMagicville
startup iconSeedspace Bogota
Top Accelerators
startup iconBICTIA
startup iconMinisterio TIC
startup iconCámara de Comercio de Bogotá
Notable Organizations
startup iconBIT - Bogota Institute of Technology
startup iconMarketing Diez
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Key Stats of the Bogota Startup Ecosystem

Rankings provided by
Top Industries
Ecommerce & Retail icon
Ecommerce & Retail
#35 worldwide
Transportation icon
Transportation
#41 worldwide
Fintech icon
Fintech
#91 worldwide
Ecosystem Rankings
National ranking
1st
In Colombia
Regional Ranking
4th
In South America
Global Ranking
70th
worldwide

Bogotá Ecosystem Landscape

Taxes and Incentives
  • Tax exceptions: corporate exemptions for 7 years if certain conditions are met, significant tax deductions for investors in Colombian startups and Tax-Free Zones (FTZ) in the city;
  • Creative industries incentives: Colombia’s government offers protection for the creative industries under the “Orange Law” and special tax exemptions for 7 years;
  • Incentives for tech companies: 175% tax deductions for companies operating in the technology, science or innovation sectors;
  • Incentives for young entrepreneurs: entrepreneurs ages between 18-35 years old under the “Youth Entrepreneurship Law” can be exempted for business registration payment;
  • Visas: 3 investor visas in the “Migrant” and “Resident” category with different types of commitment for investment;
Investor Landscape
Notable Events and Communities
  • Bogotá Chamber of Commerce: offers information and support during all stages of development for entrepreneurs and businessmen;
  • Go Fest: is Bogota’s Entrepreneurship Festival. Held between 15 -17 June 2022, Go Fest offers the space to generate knowledge and inspiration, through the presentation of international trends. The event boasts an academic agenda on innovation and fosters the relationship of entrepreneurs with the most relevant actors in the ecosystem;
  • Tech Bogotá Advocates: an NGO set up the grow the tech cluster in Bogotá;
  • BOGOWEEK: between 21-25 February 2022 attracts the Colombian entrepreneurial ecosystem;
  • HubBog: the “Campus of Startups” provides networking opportunities, acceleration programs, a network of Angel investors, international mentorship as well as organizes workshops and virtual events;
  • Connect Bogotá Región: organizes regular entrepreneurship and innovation events;
  • Cemprende: is an Innpulsa program that facilitates the connection between academia, private enterprise, the government and society;
  • STARTUP SAFARI will soon offer multi-day events in Bogotá;
  • Invest in Bogotá: is a private-public agency supporting and promoting investors in Bogotá;
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Why Bogota is a great City to live in

Bogotá is the fascinating capital of Colombia and represents more than a political and economical center. The city is full of cultural landmarks, life and plans for the future. A bustling city of over 7 million people, Bogotá is considered to be one of the highest capitals in the world and its strategic position makes it a great city not only for Colombia but for the whole Latin America region. Bogotá is inspiring other cities to innovate, live life to the fullest and adapt during difficult times.

Why Bogota is a great city to live in
Population
12m
as of 2019
GDP
$8,830
per capita
Cost of Living
$1,740
per person and month
Read more about life in Bogota

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