Colombia's startup ecosystem is rapidly expanding and is quickly becoming a magnet for innovation and entrepreneurship. Between 2013 and 2023, the country has seen the growth of successful businesses such as Rappi and Habi, which have achieved unicorn status and raised a total of $4.621 billion in fundraising. Colombia's startup ecosystem is booming as a result of a mix of public initiatives and strong support from accelerators and incubators, with an increasing number of companies emerging from numerous industries. This article contains a comprehensive list of Colombia's startup incubators and accelerators. They have been subdivided into applicability for startups in their 'ideation', 'launch', or 'growth' stages, so you can find a program that is suitable for you!
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FULL LIST OF STARTUP INCUBATORS AND ACCELERATORS IN COLOMBIA
Ideation Stage Startup Incubators in Colombia
Full list of ideation stage startup incubators in Colombia:
Who is it for: Early startups with a team
Need to have an idea: Yes
Focus: Sector Agnostic
HubBOG is a startup campus that offers comprehensive services for Latin American startups. With an emphasis on acceleration, coworking, mentorship, and financing, HubBOG provides an excellent platform for entrepreneurs to express their passion, creativity, and innovation. HubBOG provides a supportive environment for entrepreneurs to develop and scale their businesses through a variety of programs and activities such as mentorship programs, networking events, and access to investment options. Additionally, the campus provides co-working spaces and cutting-edge equipment, fostering a collaborative atmosphere in which entrepreneurs can interact, share ideas, and cooperate on projects. To date, they have accelerated and invested in over 490 companies, including LentesPlus, Koggi, Coally, Muraby, Sweatbits, and more.
Who is it for: Early startups with a team
Need to have an idea: Yes
Focus: Technology
Incubar Colombia is a key actor in the country's startup ecosystem, offering a wide range of resources and assistance to early-stage, tech-based enterprises. The incubator provides a systematic program to help entrepreneurs improve their business models, develop new products or services, and scale their operations. Through mentoring programs, seminars, and networking events, Incubar Colombia links entrepreneurs with seasoned industry professionals, investors, and potential partners, offering tremendous opportunities for development and cooperation. Incubar Colombia's basic pillars are research, knowledge, innovation, and creativity, which allows them to invent and construct unique strategies and processes for each of the firm's requirements.
Launch Stage Startup Incubators and Accelerators in Colombia
Full list of launch stage startup incubators and accelerators in Colombia:
Who is it for: Early startup with a team
Need to have an idea: Yes
Focus: Food Tech
The Colombia Foodtech Acceleration Program is a collaborative effort headed by Vertical-I and Eatable Adventures to encourage the growth and development of Colombia's agri-food business ecosystem. The program offers businesses in the food sector assistance with mentoring and resources to aid in the the creation of unique products with beneficial features. Startups will be able to develop their business models, grow their operations, and obtain vital insights from experienced mentors and industry professionals through this program. By fostering these startups, the accelerators aims to speed the change of the food system and establish Colombia as a major innovation centre in the agrifood business, not only in Latin America, but also internationally.
Who is it for: Early startup with a team
Need to have an idea: Yes
Focus: Technology
The Pygma Acceleration Program is a dynamic and influential accelerator aimed at fostering innovation and growth in Colombia's technology sector. The accelerator is intended to assist pre-seed firms in de-risking their business strategy and ensuring they have an investable company. The accelerator provides hands-on support, coaching, access to resources, networking opportunities, and investment to participating entrepreneurs, with a strong emphasis on product, go-to-market, and fundraising strategy. Some of their notable alumni include Qubik, Kaudal, Pardux, Innvox, Walib, Phero, and more.
Who is it for: Early startup with a team
Need to have an idea: Yes
Focus: Multiple Sectors
INNpulsa Colombia is the Colombian National Government's entrepreneurship and innovation agency, with the goal of stimulating startup hyper-growth through invention.
INNpulsa Colombia focuses on cultural transformation and reinventing business perspectives, in addition to identifying and supporting entrepreneurs. Its mission is to create programs, projects, and initiatives that support technology transfer, innovation, and the emergence of new business models. The program functions as a holistic development bank, providing full support services such as mentorship, finance, and access to an industry expert network.
Who is it for: Early startup with a team
Need to have an idea: Yes
Focus: Sector Agnostic
The Founder Institute is a renowned accelerator program that aims to turn innovative ideas into profitable and fundable enterprises. Organized all around the world including in Colombia, the Founder Institute has helped its graduates acquire over $1.75 billion in capital through its organized program and extensive assistance, demonstrating its success in fostering entrepreneurial growth. The Founder Institute's vast network of advisers, mentors, and investors is one of its primary assets. The program provides crucial assistance and support across sectors and geographies by linking entrepreneurs to this worldwide network. This network not only provides access to investment opportunities, but it also provides experience and insights into the obstacles of developing a successful firm.
Who is it for: Early startup with a team
Need to have an idea: Yes
Focus: Technology
APPS.CO is a Colombian initiative that fosters and accelerates the growth of digital enterprises. It is an integral part of the Ministry of Information and Communication Technologies (MinTIC), which strives to promote innovation, entrepreneurship, and digitalization throughout the country. APPS.CO provides a wide range of startup support services, including mentorship, training programs, access to financing options, and networking events. APPS.CO aims to empower entrepreneurs, generate economic growth, and establish Colombia as a regional centre for technology innovation through its projects.
Who is it for: Early startup with a team
Need to have an idea: Yes
Focus: Technology, Energy
Rockstart LATAM is a prominent accelerator program with a big presence in the Latin American market. Rockstart LATAM provides full assistance and resources to entrepreneurs, assisting them in turning their unique ideas into successful enterprises. Their specialized acceleration program provides entrepreneurs with the tools, skills, and contacts they need to tackle the hurdles of expanding their firms. Rockstart LATAM has a solid track record of assisting entrepreneurs in obtaining finance, expanding their market reach, and achieving long-term success.
Growth Stage Startup Accelerators in Colombia
Full list of growth stage startup accelerators in Colombia:
Who is it for: Mature startup with a team
Need to have an idea: Yes
Focus: Sector Agnostic
Accelerate Colombia is an initiative that aims to promote the growth and development of businesses in Colombia. It is intended to provide entrepreneurs with full assistance and resources, allowing them to expand their firms internationally and achieve long-term success. Accelerate Colombia provides a variety of services, such as mentorship, training programs, financing possibilities, and networking events. Their unique strategy guarantees that businesses receive individual direction and help throughout their journey. The program links businesses with experienced mentors, advisers, and investors who may offer significant insights and assistance. The program has a demonstrated track record of assisting entrepreneurs in obtaining finance, expanding their market reach, and thriving in a competitive business environment.
Who is it for: Mature startup with a team
Need to have an idea: Yes
Focus: Sector Agnostic
Sodimac Corona Accelerator is a corporate accelerator that seeks mature businesses who will contribute to the open innovation of Corona and Sodimac, Colombia's market leaders in renovation, construction, and home furnishings. Their mission is to collaborate with entrepreneurs to develop solutions for a more sustainable future, leveraging their methods, experiences, and relationships with the ecosystem as a platform for growth. Sodimac Colombia Accelerator is a significant resource for Colombian businesses aiming to expand and make a positive impact, with their commitment to co-creating creative solutions that distinguishes them as a leading accelerator in the region.
Who is it for: Mature startup with a team
Need to have an idea: Yes
Focus: Technology
Wayra Hispam is an early-stage startup accelerator and technological innovation center that has played a critical role in the establishment and development of the Latin American startup ecosystem. Founded in 2011 by Telefónica, a multinational telecommunications company, Wayra Hispam has been essential in boosting entrepreneurship and assisting Hispanic creators and firms. Their accelerator program includes mentorship, which provides important direction and assistance to entrepreneurs, and opportunities to receive funding, allowing them to bring their unique ideas to reality. Through pilot initiatives with Telefónica , Wayra Hispam enables businesses to demonstrate the value of their products and create long-term collaborations.
Closing Thoughts on Startup Incubators and Accelerators in Colombia
Colombia has a thriving and diversified startup accelerator and incubator scene, each with its own distinct emphasis and skill. There are several alternatives available for prospective entrepreneurs, ranging from sector-specific programs to those geared toward sector-specific enterprises. These accelerators provide extensive mentoring as well as funding possibilities and access to a large network of industry experts and investors. They play an important role in connecting entrepreneurs with the required resources and experience to help them expand faster. The collaboration between startups, accelerators, incubators, and the government has resulted in a thriving entrepreneurial ecosystem in Colombia. With the right support and continued collaboration, Colombia has the potential to become a leading hub for entrepreneurship and innovation in Latin America.