The Startup Ecosystem of Ulaanbaatar
Home to 97% of Mongolia’s startups, Ulaanbaatar has a vibrant startup ecosystem that is ranked 441 in the world.
CITY RANKING
In 2024, the startup scene of Ulaanbaatar shows much promise after advancing in the Global Ecosystem Index by 7 spots.
National Ranking
In Mongolia
Regional Ranking
In East Asia
Global Ranking
Worldwide
Ecosystem
Startup Ecosystem Overview
Startups
Ulaanbaatar Top Startup Industries
13 startups
12 startups
10 startups
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Ecosystem HealthCheck
Ulaanbaatar Ecosystem Health Check
The health check tables allow you to look at the performance Ulaanbaatar 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
ECOSYSTEM
Browse the startup ecosystem database of Ulaanbaatar
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Startup Ecosystem Charts
Startup Funding in Ulaanbaatar2017 - 2024
Startup Funding in Ulaanbaatar 2017 - 2024
From 2022 to 2023, startup funding in Ulaanbaatar has decreased by 99.86%. During this period, the number of deals in Ulaanbaatar has decreased by 50%. Since 2017, total startup funding in Ulaanbaatar exceeded US$ $10.63M.
Average Funding in 2023
$5.00K
Funding in 2023
$5.00K
Deals in 2023
1
USD
Amount of Funding (USD)
Number of Deals
Ecosystem
The Startup Ecosystem in Ulaanbaatar
Global Rank
Ulaanbaatar is ranked within the top 500 startup ecosystems globally.
Top Industries
Ulaanbaatar’s startups excel particularly in Edtech where it ranks 220 and in Ecommerce & Retail, and Fintech. Find out more
Top Cities for Startups in Mongolia - Ranked by StartupBlink
2024 National Rank  | City | Global Rank |  | | | |
|---|---|---|---|---|---|---|
1st 0 | 441st + 7 | 0.649 | 00.00 | 00.00 | 00.00 |
ECOSYSTEM
Why should you join Ulaanbaatar's Startup Ecosystem?
Overview
Within Ulaanbaatar there is an increased attraction for entrepreneurs to set up their startups in industries such as Edtech, Ecommerce & Retail, Fintech. These three industries represent about 47% of the startups represented on the Startup Ecosystem Map of Ulaanbaatar.
1st
National Rank
37th
Regional Rank
Overview
Ulaanbaatar is Mongolia's 1st best startup ecosystem and is ranked 37th in East Asia. With a population of <0.1M people, Ulaanbaatar is ranked 441st in the world. The city has some notable startup success stories including Chimege.
ECOSYSTEM
Startup Infrastructure in Ulaanbaatar
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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 […]