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Top 10 Countries for Deep Tech Startups in South America in 2025

Top 10 Countries for Deep Tech Startups in South America in 2025

As we look towards 2025, South America is positioning itself as a hotspot for deep tech startups. These countries are fostering innovation in sectors like fintech, biotechnology, and artificial intelligence, creating a vibrant ecosystem ripe for investment and growth. Here’s a detailed overview of the Top 10 Countries for Deep Tech Startups in South America by 2025.
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1. Brazil

Overview: Brazil is the leading country in South America for deep tech, primarily centered around São Paulo, its largest tech hub. The country boasts a burgeoning market with supportive infrastructures and an influx of international investment.
Key Sectors: Fintech, E-commerce, Healthtech, Agritech, AI, and cloud technologies.
Startup Activity: Home to unicorns like Nubank and MercadoLibre, Brazil has a high number of startups emerging from its robust ecosystem.
Investment: As the largest recipient of startup funding in the region, Brazil shows great potential for deep tech growth.
Talent Pool: The country has a rich pool of skilled developers focusing on AI, cloud technologies, and blockchain, further supported by numerous researchers.
Learn more about Brazil's deep tech ecosystem

2. Argentina

Overview: Argentina stands out as a leader in deep tech, especially in biotechnology, with a strong talent base.
Key Sectors: Biotechnology, Fintech, and Software Development.
Startup Activity: With 103 deep tech startups, many contain high valuations and are increasingly securing vital funding.
Investment: Although its share of overall venture capital has diminished, Argentina is still significant in deep tech investments.
Talent Pool: The country is known for its highly skilled software developers, with a large pool of researchers.
Discover Argentina's thriving tech scene
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3. Chile

Overview: Emerging as a strong player in deep tech, Chile emphasizes clean energy and sustainability.
Key Sectors: Clean Energy, Biotechnology, AI, and Cloud/IOT.
Startup Activity: Chile hosts a growing number of valuable startups contributing to the deep tech landscape.
Investment: Significant investments are flowing into Chile's deep tech sector, highlighting its importance in the region.
Talent Pool: The high English proficiency levels among developers aid global collaboration, coupled with a solid concentration of researchers.
Explore Chile's opportunities in deep tech

4. Mexico

Overview: Home to vibrant tech hubs like Mexico City and Guadalajara, Mexico is rapidly developing its startup ecosystem.
Key Sectors: Fintech, E-commerce, AI, and Software Development.
Startup Activity: Significant startup activity encompasses unicorns such as Kavak and Bitso, showcasing the country's dynamic environment.
Investment: Mexico consistently attracts a large share of startup investments in the region.
Talent Pool: With over 700,000 IT professionals, Mexico boasts a vast tech talent base.
Learn more about Mexico's tech landscape

5. Colombia

Overview: Particularly in Medellín, Colombia is emerging as a key tech infrastructure with a focus on innovation.
Key Sectors: Software Development, Fintech, and Healthtech.
Startup Activity: The growth trend has led to an increasing number of startups offering diverse solutions.
Investment: Encouraged by government support and tax benefits for startups, investment is on the rise.
Talent Pool: The country is developing its software development talent pool, supporting the tech scene's expansion.
Discover Colombia's dynamic innovation scene
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6. Costa Rica

Overview: Renowned for its developed technology and software industries, Costa Rica is a cornerstone for medical devices.
Key Sectors: Medical Devices and Software Development.
Startup Activity: The country is gaining traction in building a strong technological ecosystem.
Investment: Costa Rica's policies promote health tech, attracting investment in the sector.
Talent Pool: A well-educated workforce specializing in diverse tech fields bolsters growth.
Learn about Costa Rica's tech innovations

7. Uruguay

Overview: Uruguay is witnessing a surge in its biotech scene, supported by progressive government tech policies.
Key Sectors: Biotech and Information Technology.
Startup Activity: A growing number of startups are emerging in deep tech, capitalizing on government support.
Investment: The supportive landscape promotes investments, enhancing Uruguay's tech environment.
Talent Pool: A dedicated focus on STEM education bolsters the skilled workforce available for tech startups.
Explore Uruguay's potential in deep tech

8. Peru

Overview: Peru is part of the "DEEPTECH BOOST 2025 LATAM" program, showcasing emerging deep tech potential.
Key Sectors: Technology and Innovation.
Startup Activity: Increasing startup activities in various tech fields are emerging in the country.
Investment: Support from government initiatives aims to enhance investment in the tech landscape.
Talent Pool: A motivated workforce is developing tech skills to meet market demands.
Discover Peru's growing tech initiatives

9. Bolivia

Overview: Bolivia is also benefiting from initiatives that enhance its deep tech landscape, aligning with regional development goals.
Key Sectors: Technology Development and Startups.
Startup Activity: An increasing number of startups are arising, focusing on local solutions with global potential.
Investment: There are ongoing governmental and private sector efforts to enhance investment climates.
Talent Pool: Emerging talent in tech fields is gradually scaling to meet industry demands.
Learn about Bolivia's tech landscape

10. Paraguay

Overview: Like Bolivia, Paraguay is part of the "DEEPTECH BOOST 2025 LATAM" initiative, showing a commitment to deep tech growth.
Key Sectors: Startups and Innovative Technologies.
Startup Activity: Startups in Paraguay are fostering an innovative spirit, developing technological solutions.
Investment: The push for development includes incentives aimed at attracting more investment in technology.
Talent Pool: An increasing number of educational programs fostering tech skills among students is underway.
Discover Paraguay's innovations in technology
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FAQ

Q: Which country is considered the leading hub for deep tech startups in South America?
A: Brazil is recognized as the powerhouse of South America's tech scene, particularly in São Paulo, which is the region's largest tech hub. It has a strong market, supportive infrastructure, and a significant share of startup funding. Learn more about Brazil's deep tech landscape.
Q: What are Argentina's strengths in the deep tech sector?
A: Argentina is acclaimed for its leadership in biotechnology and a strong talent pool of engineers and researchers, with a noteworthy number of deep tech startups achieving high valuations. Discover Argentina's deep tech ecosystem.
Q: How is Chile positioned in terms of deep tech startups?
A: Chile is a significant player in the deep tech market, particularly in clean energy, and has strong government support along with a well-developed venture capital ecosystem. Explore Chile's deep tech innovations.
Q: What tech sectors are prominent in Mexico?
A: Mexico has a vibrant startup ecosystem, particularly excelling in sectors like fintech, e-commerce, and AI, supported by a large community of IT professionals. Learn more about Mexico's tech hubs.
Q: What investment trends are emerging in Colombia's technology scene?
A: Colombia is becoming increasingly recognized as a tech center, particularly in Medellín, with government support incentivizing startup growth through funding and tax benefits. Find out more about Colombia's tech developments.
Q: What are some additional countries with deep tech potential in South America?
A: Costa Rica, Uruguay, Peru, Bolivia, and Paraguay are emerging as countries with significant potential in the deep tech space, thanks to supportive policies and increasing investment in technology. Read about these nations' deep tech prospects.
Q: How does Latin America fare in terms of venture capital for startups?
A: Latin America is experiencing a growing trend in venture capital investment, despite fluctuations, with many countries seeing an upward trajectory in funding for their tech sectors. Explore the latest venture capital trends in Latin America.
Q: What is the significance of fintech in the deep tech market?
A: Fintech continues to dominate the deep tech market in Latin America, attracting significant investment and development aimed at improving financial services across the region. Learn more about fintech's impact.
Q: What educational advantages does South America have for tech startups?
A: The region boasts a large number of STEM professionals, contributing to a skilled talent pool that fuels growth in various tech sectors, including deep tech. Find out about South America's educational landscape for tech.
Q: What government initiatives support startups in South America?
A: Many countries in South America, including Brazil and Argentina, are implementing supportive policies and tax benefits to encourage the growth of startups and foster innovation. Discover government support for startups.

About the Author

Violetta Bonenkamp, also known as MeanCEO, is an experienced startup founder with an impressive educational background including an MBA and four other higher education degrees. She has over 20 years of work experience across multiple countries, including 5 years as a solopreneur and serial entrepreneur.
Violetta is a true multiple specialist who has built expertise in Linguistics, Education, Business Management, Blockchain, Entrepreneurship, Intellectual Property, Game Design, AI, SEO, Digital Marketing, cyber security and zero code automations. Her extensive educational journey includes a Master of Arts in Linguistics and Education, an Advanced Master in Linguistics from Belgium (2006-2007), an MBA from Blekinge Institute of Technology in Sweden (2006-2008), and an Erasmus Mundus joint program European Master of Higher Education from universities in Norway, Finland, and Portugal (2009).
She is the founder of Fe/male Switch, a startup game that encourages women to enter STEM fields, and also leads CADChain, and multiple other projects like the Directory of 1,000 Startup Cities with a proprietary MeanCEO Index that ranks cities for female entrepreneurs. Violetta created the "gamepreneurship" methodology, which forms the scientific basis of her startup game. She also builds a lot of SEO tools for startups. Her achievements include being named one of the top 100 women in Europe by EU Startups in 2022 and being nominated for Impact Person of the year at the Dutch Blockchain Week. She is an author with Sifted and a speaker at different Universities. Recently she published a book on Startup Idea Validation the right way: from zero to first customers and beyond and launched a Directory of 1,500+ websites for startups to list themselves in order to gain traction and build backlinks.
2025-04-25 10:01 Top 10