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Montevideo the capital city of uruguay has a thriving startup scene that is gaining momentum the city has a population of over 13 million people and is located on the southern coast of the country the entrepreneurial spirit in montevideo dates back to the early 20th century when the city was a hub for trade and commerce today the city is home to several universities including the university of the republic which has a strong focus on technology and innovation the startup scene in montevideo is characterized by a number of successful companies including pedidosya a food delivery service and dlocal a payment processing platform these companies have attracted significant investment and have helped to put montevideo on the map as a hub for innovation despite its success the startup scene in montevideo faces a number of challenges the city has a high unemployment rate of around 9 and the living wage is relatively low at around 500 per month additionally the rate of new companies starting and ending is relatively high which can make it difficult for startups to gain traction despite these challenges the startup scene in montevideo is thriving thanks to a number of factors the city has a strong culture of innovation and entrepreneurship and there is a growing community of startups and investors who are working together to build a vibrant ecosystem additionally the city has a relatively low cost of living which makes it an attractive location for startups looking to keep costs down overall the startup scene in montevideo is a dynamic and exciting place to be while there are certainly challenges to overcome the citys entrepreneurial spirit and growing community of startups and investors make it a promising location for innovation and growth