Top 2 Startup Accelerators & Incubators in Paraguay
- Sotirios Seridis
- Mar 14
- 4 min read
Over the last few years, Paraguay has experienced a surge in entrepreneurial activity, thanks to a youthful, tech-savvy populace and a favorable business climate. Furthermore, renowned organizations such as the National University of Asunción's Business Incubator (INCUNA) and the Indie Games Accelerator (IGA) foster innovation by providing specialized mentorship, access to cutting-edge technology, and strategic business development services. In this article, we have compiled a comprehensive list of all incubator and accelerator programs in Paraguay that are accelerating startup growth in the country, along with a short overview to help you find a suitable program!
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FULL LIST OF STARTUP INCUBATORS AND ACCELERATORS IN PARAGUAY
Stage: Ideation / Launch
Who is it for: Aspiring entrepreneurs with an idea and seeking cofounder / Early startup with a team
Need to have an idea: Yes
Focus: Sector Agnostic
The Business Incubator at Paraguay's National University of Asunción (INCUNA) is committed to supporting innovation and entrepreneurship by offering full startup support. INCUNA's key goals include supporting early-stage businesses, encouraging economic growth, and pushing technical innovation in the region.
The program provides participating businesses with a variety of benefits, including access to cutting-edge facilities, mentorship from seasoned industry experts, and important networking opportunities. INCUNA also offers personalized company development services such as strategy planning, market analysis, and financial coaching to assist companies in scaling and succeeding. INCUNA's collaborative ecosystem enables entrepreneurs to turn unique ideas into sustainable enterprises, therefore contributing to Paraguay's economic growth and diversity.
Stage: Launch
Who is it for: Early startup with a team
Need to have an idea: Yes
Focus: Games
The Indie Games Accelerator (IGA) program in Paraguay is a dynamic initiative aimed at accelerating the growth of early-stage game creators and entrepreneurs in the independent gaming sector. The program's key goals include stimulating creativity, improving game production abilities, and increasing the worldwide competitiveness of Paraguayan indie games.
IGA provides a slew of advantages to participating businesses, including access to cutting-edge technology, coaching from seasoned industry professionals, and exclusive networking opportunities with major participants in the gaming industry. Furthermore, the program offers complete help in areas such as game design, monetization techniques, and user acquisition, all targeted to the specific needs of independent game producers.
Closing Thoughts on Startup Incubators and Accelerators in Paraguay
Though there are not as many startup accelerators or incubator available in Paraguay, these major institutions are paving the way for the startups in Paraguay.
They offer various benefits to entrepreneurs, including seed capital, coworking spaces, and vital networking opportunities with investors and industry experts. These programs are designed to address the particular issues that early-stage entrepreneurs faces, providing them with the skills and contacts they need to grow their firms. The collaborative environment generated by these efforts promotes information exchange and cooperation, resulting in a strong support structure for entrepreneurs to grow.
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Frequently Asked Questions on Startup Accelerators and Incubators in Paraguay
What are the prominent startup accelerators and incubators in Paraguay?
Paraguay's ecosystem features organizations like Koga Impact Lab, PY Emprende, CIRD's entrepreneurship programs, UIP's business incubator, and Wayra Paraguay. These entities operate primarily in Asunción, with growing presence in Ciudad del Este and Encarnación, providing support for entrepreneurs from ideation through early growth phases across various sectors including agtech and digital services.
What support do Paraguayan accelerators typically offer to startups?
Paraguayan accelerators generally provide seed funding between US$5,000-$40,000, mentorship from established entrepreneurs, coworking facilities, legal and accounting support, and connections to regional investor networks. Many programs focus on helping ventures navigate Paraguay's unique market conditions while preparing them for potential expansion throughout Mercosur countries.
How competitive is the selection process for Paraguayan startup programs?
Acceptance rates for Paraguayan accelerators typically range from 5-15%. Selection committees evaluate business model viability, market potential, team composition, and scalability. Most programs require at least a functional prototype or minimum viable product (MVP) and prefer startups with demonstrated market validation or early customer adoption in the local market.
Which industries are Paraguayan accelerators currently focusing on?
Paraguayan accelerators are particularly focused on agtech, fintech, e-commerce solutions, renewable energy, and digital transformation services. Programs increasingly support ventures leveraging Paraguay's advantages in agriculture, renewable energy (hydroelectric power), and young tech talent, with emphasis on technologies addressing regional challenges and opportunities in the Mercosur trade bloc.
How does the Paraguayan government support the startup ecosystem?
The Paraguayan government provides support through initiatives like CONACYT's innovation funding, tax incentives for technology startups, and programs administered by the Ministry of Industry and Commerce. Recent policy developments have improved conditions for entrepreneurs, though the ecosystem still relies significantly on private sector and international cooperation initiatives to drive growth and investment in the startup sector.
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