Leon

Celaya

Valle de Santiago

Irapuato

Yuriria

Pénjamo

Manuel Doblado

Silao

Purísima del Rincón

San Francisco del Rincón

Salamanca

![aerial photo of dome building under blue sky at daytime](https://images.unsplash.com/photo-1547686669-9a8cb1a22d91?ixlib=rb-4.0.3&ixid=M3wxMjA3fDB8MHxzZWFyY2h8NHx8bWV4aWNvJTIwY2l0eXxlbnwwfHwwfHx8MA%3D%3D&w=1000&q=80)
 Mexico is renowned as one of the largest Latin American markets, boasting a massive population that propels its startup ecosystems forward with the capacity to scale locally. Apart from this, Mexico benefits from strategic access to both the North American and South American markets. The recent disruptions caused by the US-China Trade War and the pandemic prompted many multinationals to transfer their production facilities and engineering centers to Mexico, catalyzing innovation and economic expansion in the country. 

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 Startups in Mexico have access to a plethora of investment opportunities, coupled with a business-friendly environment offering low operational costs. The public sector has taken proactive steps by launching several projects to nurture the growth of startup ecosystems. Initiatives like [Startup México](https://startupmexico.com/), which offer specialized programs for startups, SMEs, and corporations aimed at enhancing innovation, reflect the government's commitment to fostering entrepreneurship. Furthermore, the implementation of the Fintech Law serves to address regulatory ambiguities and offer clarity to businesses operating in legal gray areas. 

 

 Local governments in Mexico also play a pivotal role in supporting startup ecosystems. For instance, Chihuahua's Municipality supports social entrepreneurship initiatives through Ecosistema De Impacto Social (EDIS). A standout initiative was unveiled by the Guanajuato State Government in 2020, unveiling a comprehensive strategy to bolster entrepreneurship and brand the state as the [Valley de la Mentefactura](https://www.valledelamentefactura.com/). Efforts like Idea GTO's Mentefactura Day showcase the innovation thriving in the region. 

 
 Mexico's commendable public sector initiatives have garnered global recognition from esteemed investors such as Sequoia Capital, Andreessen Horowitz, and 500 Global, who actively seek to invest in Mexico's burgeoning startup scene. The influx of capital has significantly enhanced the growth prospects of startups, resulting in the emergence of multiple unicorns since 2020. Notable success stories include Kavak valued at US$ 9 billion, along with Clip and Bitso. These achievements underscore the attractiveness of Mexico's startup ecosystems to potential investors and reflect the success of ecosystem developers' endeavors.

Mexico

Yellow Hub

Hatch

Bajio Innova

Girasolo

BUCOSA Laboratorio

Oro Azul Inversionistas

Explore the Startup Ecosystem of Pénjamo and compare its rankings to thousands of locations across 12 industries

Ecommerce & Retail

Edtech

Energy & Environment

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BUCOSA Laboratorio, specializes in geotechnical services, construction quality control, and geological studies across the country.

Girasolo specializes in branding and photography. They provide comprehensive solutions that enhance their clients’ brand image and visual communication

Oro Azul Inversionistas is a Mexican company that focuses on the planting, harvesting and sale of agave pineapples and pencas (agave leaves).

Agrofertmex produces and sells innovative agricultural products and offers expert advice for a variety of crops, promoting sustainable farming practices.

Agrofertmex

Development of products based on microorganisms or their metabolites for biocontrol, biofertilization and biostimulation of growth and defense in high-value crops for their use in human nutrition

FERTIATRO

As the innovation hub of the region, Leon is renowned for its outstanding high-tech R&D capacity, highly-trained professionals, and thriving networks of entrepreneurs which enable our  startup ecosystem to achieve steady continuous growth.

Guanajuato

In the recent years, Guanajuato has become a gravity centre for the most talented people not only from Mexico, but from all over the world. Such concentration of professionals affirms guanajuato as one of the global “cities of the future”, world centre for the development of breakthrough technologies, particularly in IT.

The Moscow Agency of Innovations was established to create a truly favorable environment for the advancement of technology in Moscow.

2016

The Skolkovo Innovation Center and Skolkovo Foundation was signed into law with a goal to goal is to create a sustainable ecosystem of entrepreneurship and innovation.

2010

Avito, a classified ads website and now a unicorn, first went online.

2007

The Moscow Seed Fund, a VC which invests in see and pre-seed startups, was established.

2005

Yandex search engine was launched!!!!

1997

Guanajuato earns the 2nd Prize in Fab City Awards with its innovation strategy, Mindfacture Valley.

2023

The launch of the first Capital Startup Capital Summit together entrepreneurs, investors, and business leaders to discuss and promote investment opportunities within the region.

2021

The first Mentefactura Day in Guanajuato, an event dedicated to fostering innovation and entrepreneurship.

2020

Creation of the Institute of Innovation, Science and Entrepreneurship for Competitiveness (IDEA GTO)

Startup Ecosystem Overview of Pénjamo | StartupBlink | StartupBlink

Regional Rank & change	City	Global Rank & Change	Total Score	Quantity Score	Quality Score	Business Score
1st⁰	Leon, Mexico	600th⁺¹⁸⁰	0.324	0.14	0.06	0.13
2nd^new	Irapuato, Mexico	786th^new	0.195	0.03	0.09	0.08
3rd^new	Celaya, Mexico	861st^new	0.162	0.06	0.04	0.07
4th^new	Valle de Santiago, Mexico	891st^new	0.151	0.02	0.07	0.06

Pénjamo Startup Ecosystem Comparative Analysis

Comparative Analysis of Top Cities for Startups in Guanajuato