The Startup Ecosystem of Caracas

Caracas, capital of Venezuela, is the principal entrepreneurship city of the country. The startup ecosystem in the city has grown by leaps and bounds despite the big economic and political problems during the past decades. However, startups and innovation are becoming an important solution for the Venezuelan economy. Few great examples are: Wayra, Telefonica’s accelerator that helps the best entrepreneurs to grow and become successful businesses; ImpactHub Caracas, a branch of a worldwide coworking space; WBI Innovations, an accelerator and support program to connect the Ibero-American ecosystems.

One of the biggest advantages of Caracas has always been its geographic location which allows entrepreneurs to easily connect with the rest of the world. New spaces and programs are also appearing to encourage entrepreneurship in the city due to the high demand for services to support entrepreneurship as part of the solution of the national economic situation.

Venezuela is going through a process of positive change that allows entrepreneurs to wait for future legislation more flexible to promote and support technological development. Caracas has become the center of national enterprise. The Caraqueños are willing and committed to contributing to the development of different solutions to the different needs of the country, with innovative and creative professional talent.

Caracas’s startup ecosystem has a long way to go but the city entrepreneurs are prepared to face the challenges with creativity. We are willing to collaborate, work and fight to become a referent on the worldwide startup ecosystem with the help of the national and international entrepreneurship community.