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The Startup Ecosystem of Montenegro

While Montenegro’s startup scene is still young and is not ranked in the GSEI 2024, there are some notable startups that are paving the way for innovation: , CheckRewards

COUNTRY RANKING

While Montenegro’s startup scene is still young and is not ranked in the Global Startup Ecosystem Index 2024, there are some notable startups that are paving the way for innovation: CheckRewards, 3Hills, and PAID-T

Population

0.6
Million

Regional Ranking

th
new
In Eastern Europe

Global Ranking

th
new
Worldwide

Startups

Montenegro Top Startup Industries

Software & Data icon
Software & Data
3 startups
Social & Leisure icon
Social & Leisure
3 startups
Fintech icon
Fintech
1 startups

Ecosystem HealthCheck

Montenegro Ecosystem Health Check

The health check tables allow you to look at the performance Montenegro 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
GlobalN/A10

ECOSYSTEM

Browse the startup ecosystem database of Montenegro

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Startup Ecosystem Charts

Startup Funding in Montenegro2017 - 2024

Startup Funding in Montenegro 2017 - 2024

From 2022 to 2023, startup funding in Montenegro has remained stable%. During this period, the number of deals in Montenegro has remained stable%. Since 2017, total startup funding in Montenegro exceeded US$ $0.00.

Ecosystem

The Startup Ecosystem in Montenegro

In 2024, Montenegro register a rise in Software & Data startups. Some of the most notable success stories in this industry are those of , CheckRewards.

Global Rank

Montenegro is ranked below the top 1000 startup ecosystems globally.

Top Industries

Montenegro’s startup scene is best represented in Software & Data, Social & Leisure, and in Fintech.

Top Cities for Startups in Montenegro - 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 RankTotal ScoreQuantity ScoreQuality ScoreBusiness Score
No Data Available
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Startups

Notable Startups in Montenegro
CheckRewards startup icon
CheckRewards
3Hills startup icon
3Hills
PAID-T startup icon
PAID-T

BLOG

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 […]