Women are increasingly taking the lead in the tech startup scene in Bolivia, accounting for nearly 40% of positions, according to a report by the Emprender Futuro Foundation. The report, titled Map of the Digital Technology Ecosystem in Bolivia, reveals that there has been a significant increase in gender equality within the country’s digital ventures.
Allison Silva, the director of Emprender Futuro, highlighted the progress made, stating that women now make up 39% of staff in tech startups, up from 36% in 2022. This shift demonstrates the recognition of the value that women bring to startups through their talent and knowledge, ultimately leading to greater efficiency.
The report also uncovers the growing presence of financial technology (fintech) firms in Bolivia, which now make up 30% of all startups in the country. This is a notable increase from the previous year, where fintech startups accounted for only 10% of the total. Alongside fintech, e-commerce and educational technology companies represent 14% each.
Typically, the founders of Bolivian startups are young professionals aged between 25 and 45, possessing a solid background in finance and technology. The report identifies 147 startups in Bolivia, with 44% of them located in the eastern department of Santa Cruz, known as the country’s economic engine. La Paz department accounts for 33% of the startups, while Cochabamba department has 15%.
Furthermore, 21 of the startups have expanded into international markets, including Brazil, Chile, Colombia, Venezuela, the United States, and El Salvador, highlighting the global impact of Bolivian innovation.
The rise in women’s participation in tech startups and the growth of fintech firms in Bolivia signify a positive trend for the country’s digital technology ecosystem. By advocating for gender equality and promoting entrepreneurship, Bolivia is fostering an environment where diverse talents can thrive and contribute to the growth and advancement of the industry.
