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

• Founder Institute Colombia: is the world’s largest pre-seed accelerator;

• Polymath: is a Venture Studio located in Bogotá that invests in FinTech, Rental Property and Transportation companies in the Latin America region;

• Marathon Ventures: is a fund for early-stage companies;

• Rockstar: helps early-stage startups expand their business and prepare for investment;

• Fund for Innovation, Technology and Creative Industries of Bogotá (Fitic): in 2021, 4 new projects were launched under this fund with an allocated budget of $8,800 million;

• Other important investors in Bogotá’s startup ecosystem include Wayra Colombia, SoftBank and Seqyuoia;

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;