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The Startup Ecosystem of Belfast

Belfast has 124 startups in our sample database. This represents about 1% of The United Kingdom’s startups. Belfast is the 11th best startup ecosystem in The United Kingdom.

CITY RANKING

While Belfast decreased by 4 spots in its global rank in the Global Startup Ecosystem Index of 2024, its ranking in The United Kingdom remained stable at 11 nationally since 2023.

National Ranking

11th
0
In United Kingdom

Regional Ranking

57th
+
2
In Western Europe

Global Ranking

220th
-
4
Worldwide

Ecosystem

Startup Ecosystem Overview

Startups

Belfast Top Startup Industries

Healthtech icon
Healthtech
#130 worldwide

17 startups

Hardware & IoT icon
Hardware & IoT
#151 worldwide

10 startups

Social & Leisure icon
Social & Leisure
#176 worldwide

9 startups

Ecosystem HealthCheck

Belfast Ecosystem Health Check

The health check tables allow you to look at the performance Belfast has in each of the parameters that are part of StartupBlink's ranking algorithm. There are five tables, corresponding to the three subscores, the subscore analysis and industry ana...

  • Overperformance
  • Performance equal to global ranking
  • Underperformance
IndustryGlobal rankMomentum YoYNumber of Startups
Global220194024

ECOSYSTEM

Browse the startup ecosystem database of Belfast

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Startup Ecosystem Charts

Startup Funding in Belfast2017 - 2024

Startup Funding in Belfast 2017 - 2024

From 2022 to 2023, startup funding in Belfast has increased by 79.11%. During this period, the number of deals in Belfast has decreased by 33.33%. Since 2017, total startup funding in Belfast exceeded US$ $811.70M.

Average Funding in 2023

$9.90M

Belfast
United Kingdom
+168.66% YoY

Funding in 2023

$197.90M

Belfast
United Kingdom
+79.11% YoY

Deals in 2023

20

Belfast
United Kingdom
-33.33% YoY

USD

Amount of Funding (USD)

Number of Deals

20172018201920202021202220232024$0.00$15.00B$30.00B$45.00B$60.00B015304560

Ecosystem

The Startup Ecosystem in Belfast

Startups in Belfast excel in Healthtech, Hardware & IoT, and Social & and Leisure. There are some notable success stories contributing to the city’s growing Healthtech industry. One of the most promising startups in Belfast in 2024 is Fibrus, Sidequest, and Almac Discovery.

Global Rank

Belfast is ranked within the top 300 startup ecosystems globally.

Top Industries

Belfast’s startups excel particularly in Healthtech where it ranks 130 and in Hardware & IoT, and Social & Leisure. Find out more

Top Cities for Startups in United Kingdom - Ranked by StartupBlink

StartupBlink ranks the startup ecosystems of more than 100 countries and 1,000 cities. Download our latest Global Startup Ecosystem Report.
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2024 National Rank CityGlobal Rank
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Total Score

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Quantity Score
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Quality Score
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Business Score
1st
0
3rd
0
144.375
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00.00
00.00
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Startups

Notable Startups in Belfast
Fibrus startup icon
Fibrus
Sidequest startup icon
Sidequest
Almac Discovery startup icon
Almac Discovery

ECOSYSTEM

Why should you join Belfast's Startup Ecosystem?

Overview

Within Belfast there is an increased attraction for entrepreneurs to set up their startups in industries such as Healthtech, Hardware & IoT, Social & Leisure. These three industries represent about 29% of the startups represented on the Startup Ecosystem Map of Belfast.

11th

National Rank

57th

Regional Rank

Overview

Belfast is The United Kingdom's 11th best startup ecosystem and is ranked 57th in Western Europe. With a population of 0.5M - 1M people, Belfast is ranked 220th in the world. The city has some notable startup success stories including Fibrus.

ECOSYSTEM
Startup Infrastructure in Belfast
With a large variety of initiatives, Belfast's startup ecosystem stands out from other cities in Western Europe. Belfast offers a number of funding opportunities for entrepreneurs and startups. Below is a list of Belfast's most prominent support initiatives:

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Recent Posts

Mon Apr 14 2025

From Service-Based to Product-Based Economy – Lessons from North Macedonia

In this special episode of the Startup Ecosystem Podcast, we revisit a conversation from two years ago, recorded during a visit to North Macedonia. Eli David Rokah, CEO of StartupBlink, sits down with Igor Madjov, founder of Startup Macedonia, to explore how Skopje is evolving from a service-based IT outsourcing city into a product-driven startup […]

Wed Apr 02 2025

Corporate Startup Activity Index 2025

For the first time ever, 372 corporations across 30 countries, 11 major industries, and 10 sub-industries have been ranked based on how actively they engage with startups. StartupBlink’s Corporate Startup Activity Index  is the world’s first benchmark for corporate startup engagement — powered by real data, global partnerships with top corporations, governments and data sources, […]

Thu Mar 06 2025

The Impact of Government Support on Startups

A robust startup ecosystem creates a sense of community that brings entrepreneurs together and helps them feel less isolated. It gives them access to mentors, advisors, fellow entrepreneurs, and talents. The foundation of such an ecosystem largely relies on government support. Good policies create a fair and supportive environment that helps startups grow. Bad policies […]