{"id":15,"description":null,"name":"Argentina","shortName":"AR","bounds":"-50.6696786,-106.8850534,-9.3450412,-15.3909128","regionIds":"5,24,41,15","parentRegion":24,"unicorns":1,"website":null,"population":46333328,"tractionRank":33,"customDescription":"![city buildings during day](https://images.unsplash.com/photo-1545424435-010aa04d91cd?ixlib=rb-4.0.3&ixid=M3wxMjA3fDB8MHxwaG90by1wYWdlfHx8fGVufDB8fHx8fA%3D%3D&auto=format&fit=crop&w=1000&q=80)\n
Argentinian entrepreneurs have showcased their ability to create high impact startups, like MercadoLibre, highlighting the country's strong entrepreneurial ecosystem and skilled programmers. Despite being one of the wealthiest economies a century ago, Argentina's current economic uncertainties hinder local entrepreneurs from thriving due to excessive bureaucracy and multiple exchange rates for the Argentinian Peso.
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The challenges faced by Argentina's startup scene include long-term currency devaluation and severe hyperinflation, but recent positive changes in the government's approach are cause for optimism. Argentina, boasting one of Latin America's largest GDPs, has the potential to become a leading regional startup hub.
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The success of MercadoLibre and Auth0 showcases Argentina's potential to nurture unicorns, yet building impactful startups in the country presents its own set of challenges. Despite setbacks like relocation and acquisitions, new unicorns like Ualá, a mobile Fintech app, continue to emerge. The country's strength in AgTech, as a major agricultural exporter, also holds promise for future startups.
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Buenos Aires leads the way as Argentina's startup epicenter, home to successful startups and supportive organizations like [Startup Buenos Aires](https://www.startupbuenosaires.com/en/) and incuBAte. Córdoba is another rising startup hub, with initiatives like [Córdoba Acelera](https://cordobaacelera.com.ar/) driving innovation and entrepreneurship in the region.
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While Argentina's entrepreneurial ecosystem grows and success stories abound, improvements in infrastructure and legislation are needed to discourage brain drain and attract foreign entrepreneurs. Recent laws like the Entrepreneurship Law and Knowledge Economy Law, as well as the introduction of a digital nomad visa, show progress towards creating a more conducive environment for local startups with global impact potential. Argentina's tech talent and STEM graduates, coupled with evolving policies, signal a bright future for the country's startup ecosystem.
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