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The Startup Ecosystem of Lugano

Lugano has 47 startups in our sample database. This represents about 2% of Switzerland’s startups. Lugano is the 9th best startup ecosystem in Switzerland.

CITY RANKING

Since 2024, Lugano lost 27 spots in the Global Startup Ecosystem Index, having now positioned itself as 352nd worldwide.

National Ranking

9th
-
2
In Switzerland

Regional Ranking

107th
-
5
In Western Europe

Global Ranking

352nd
-
27
Worldwide

Ecosystem

Startup Ecosystem Overview

Startups

Lugano Top Startup Industries

Fintech icon
Fintech
#233 worldwide

9 startups

Hardware & IoT icon
Hardware & IoT
#253 worldwide

4 startups

Social & Leisure icon
Social & Leisure
#255 worldwide

3 startups

Ecosystem HealthCheck

Lugano Ecosystem Health Check

The health check tables allow you to look at the performance Lugano 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
Global35247
Fintech23369
Hardware & IoT00.0000.0000.00
Social & Leisure00.0000.0000.00
Software & Data00.0000.0000.00
Ecommerce & Retail00.0000.0000.00
Edtech00.0000.0000.00
Energy & Environment00.0000.0000.00

ECOSYSTEM

Browse the startup ecosystem database of Lugano

Download list
Waterdata startup logo
Software & Data | Artificial Intelligence
Unranked
Hive Power startup logo
Software & Data | Data Analytics
Unranked
Gr3n Recycling startup logo
Hardware & IoT | Manufacturing
Unranked
Stagend startup logo
Social & Leisure | Arts
Unranked
Intraverse startup logo
Ecommerce & Retail | Marketplaces
Unranked
Wyth startup logo
Social & Leisure | Entertainment
Unranked
Artificialy startup logo
Software & Data | Artificial Intelligence
Unranked
Hoxell startup logo
Software & Data | Software
Unranked
BloodLoop startup logo
Fintech | Blockchain
Unranked
The Nemesis startup logo
Social & Leisure | Entertainment
Unranked
iWin startup logo
Energy & Environment | Cleantech
Unranked

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Startup Ecosystem Charts

Startup Funding in Lugano2017 - 2024

Startup Funding in Lugano 2017 - 2024

From 2022 to 2023, startup funding in Lugano has decreased by 91.08%. During this period, the number of deals in Lugano has remained stable%. Since 2017, total startup funding in Lugano exceeded US$ $638.36M.

Average Funding in 2023

$906.34K

Lugano
Switzerland
-91.08% YoY

Funding in 2023

$9.97M

Lugano
Switzerland
-91.08% YoY

Deals in 2023

11

Lugano
Switzerland
+0.00% YoY

USD

Amount of Funding (USD)

Number of Deals

20172018201920202021202220232024$0.00$15.00B$30.00B$45.00B$60.00B0481216

Ecosystem

The Startup Ecosystem in Lugano

Startups in Lugano excel in Fintech, Hardware & IoT, and Social & and Leisure. There are some notable success stories contributing to the city’s growing Fintech industry. One of the most promising startups in Lugano in 2024 is Waterdata, Hive Power, and Gr3n Recycling.

Global Rank

Lugano is ranked within the top 400 startup ecosystems globally.

Top Industries

Lugano’s startups excel particularly in Fintech where it ranks 233 and in Hardware & IoT, and Social & Leisure. Find out more

Top Cities for Startups in Switzerland - 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

Access subscores for 1000 cities and 100 countries

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Quantity Score
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Quality Score
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Business Score
1st
0
60th
+
1
12.486
00.00
00.00
00.00
2nd
0
108th
+
1
7.090
00.00
00.00
00.00
3rd
+
1
112th
+
9
6.715
00.00
00.00
00.00
4th
-
1
122nd
-
7
6.156
00.00
00.00
00.00
5th
0
129th
-
3
5.288
00.00
00.00
00.00
6th
new
327th
new
1.117
00.00
00.00
00.00
7th
+
1
329th
+
2
1.106
00.00
00.00
00.00
8th
-
2
346th
-
34
1.054
00.00
00.00
00.00
9th
-
2
352nd
-
27
1.022
00.00
00.00
00.00
10th
0
451st
+
43
0.621
00.00
00.00
00.00
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Startups

Notable Startups in Lugano
Waterdata startup icon
Waterdata
Hive Power startup icon
Hive Power
Gr3n Recycling startup icon
Gr3n Recycling

ECOSYSTEM

Why should you join Lugano's Startup Ecosystem?

Overview

Within Lugano there is an increased attraction for entrepreneurs to set up their startups in industries such as Fintech, Hardware & IoT, Social & Leisure. These three industries represent about 34% of the startups represented on the Startup Ecosystem Map of Lugano.

9th

National Rank

107th

Regional Rank

Overview

Lugano is Switzerland's 9th best startup ecosystem and is ranked 107th in Western Europe. With a population of <0.1M people, Lugano is ranked 352nd in the world. The city has some notable startup success stories including Waterdata.

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

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 […]