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The startup scene across Belarus

Where startups are forming across Belarus: the cities, accelerators and investors, and how you get close to them.

Capital
Minsk
Region
Europe
Population
9,485,386
Currency
BYN
Fig. 1130 · National Library

The ecosystem

HTP dates its establishment to 2005 and describes outsourcing as the main company model through 2016, followed by a transition toward product businesses after the December 2017 digital-economy decree. HTP says its legal regime is available throughout Belarus, while its listed office is in Minsk.

Sectors and strengths

HTP describes a shift toward product businesses after the December 2017 digital-economy decree. Minsk City Technopark lists robotics, pharmacology and biotechnology among resident activities; these descriptions do not establish comparative sector strength or investment levels.

As of . Official information. Source: Introduction; Minsk City Technopark

OneSoil’s January 2026 documentation describes a precision-farming platform using machine learning and multispectral satellite imagery. WIPO reports that science and engineering graduates represented 35.4% of Belarus’s total graduates in 2024.

As of . Official information. Source: What is OneSoil?; Belarus ranking in the Global Innovation Index 2026

Hubs and regional differences

Minsk has several documented innovation institutions: HTP lists its office there, and Minsk City Technopark identifies Belarusian State University as a founding organization. HTP describes its regime as available throughout Belarus, so residency alone does not establish a company’s physical location.

As of . Official information. Source: Advantages and Benefits; Belarus Hi-Tech Park; Minsk City Technopark

Coral Technopark lists its location in Gomel, identifies itself as a branch of the Agency for Development and Investment Promotion, and says it supports R&D commercialization for small innovative enterprises.

As of . Official information. Source: Technopark Coral in Gomel

Imaguru dates its Minsk launch to November 2013 and says its Minsk hub closed in 2021. It lists Warsaw and Madrid among its community locations.

As of . Official information. Source: Imaguru | About

Notable companies

PandaDoc’s official timeline places its first office in Minsk in 2012 but says it was founded in Silicon Valley in 2014. The company reports $100 million in annual recurring revenue in 2024 and a $1 billion valuation milestone in its 2021 Series C; the reviewed claims do not establish its current headquarters.

As of . Official information. Source: PandaDoc Story (Dutch localized page); PandaDoc Mission & Values

BYGRID includes Flo Health in its Belarusian-founded startup directory. Flo describes a women’s health platform for cycle and ovulation tracking and announced more than $200 million in Series C investment from General Atlantic on July 30, 2024, subject to customary closing conditions. The announcement placed its valuation above $1 billion and reported nearly 70 million monthly active users as of June 2024; current headquarters are not established by these claims.

As of . Official information. Source: Flo Health Secures More than $200M Investment from General Atlantic; International startups with Belarusian roots

Capital providers

AngelsBand advertises early-stage investments of $20,000-$500,000 across products in different industries and technologies, with Note or SAFE financing on a case-by-case basis. It advertises online pitches every two weeks and describes its members as Belarusian entrepreneurs and investors in exile; advertised terms do not guarantee funding.

As of . Official information. Source: AngelsBand About us; AngelsBand | For Startups

Melnichek Investments identifies machine learning and biotechnology as investment focuses, says its capital derives from the Vochi acquisition, and lists an address in Limassol, Cyprus. It identifies Yury Melnichek as founder and Doctorina among its projects; BYGRID separately includes Doctorina among Belarusian-founded startups.

As of . Official information. Source: Melnichek Investments; International startups with Belarusian roots

HTP announced a cooperation agreement with the Venture Investors Club on April 7, 2026, and dates the formation of its described startup investor pool to December 2025. These claims establish the agreement and reported origin, not realized investment volume.

As of . Official information. Source: Hi-Tech Park and Venture Investors Club Sign Cooperation Agreement

Startup support programs

HTP publishes a residency application process for Belarus-registered legal entities with qualifying activity and an accepted business project. The HTP Secretariat reviews applications and the Supervisory Board decides; this is a residency process, not an incorporation service. Application status was not established.

As of . Application availability not verified. Official information. Source: How it works

AngelsBand advertises an early-stage pitch-request route for teams with products across industries and technologies, subject to screening and due diligence; investment is not guaranteed. Application status was not established.

As of . Application availability not verified. Official information. Source: AngelsBand | For Startups

Coral Technopark publishes a Gomel residency process for innovative legal entities or individual entrepreneurs using technopark property, with expert review. The process is advertised, but a deadline was not established.

As of . Application availability not verified. Official information. Source: How to become a resident

For investors

The reviewed claims identify distinct capital routes: AngelsBand advertises early-stage investment terms, Melnichek Investments lists machine learning and biotechnology focuses, and HTP reports an investor pool formed in December 2025. Flo’s 2024 announcement records a specific General Atlantic round, not a standing Belarus investment mandate.

As of . Official information. Source: Hi-Tech Park and Venture Investors Club Sign Cooperation Agreement; AngelsBand | For Startups; AngelsBand About us; Melnichek Investments; Flo Health Secures More than $200M Investment from General Atlantic

Startup ecosystem standing

Where Belarus ranks

Rankings that list Belarus
RankingEditionPositionSince last editionTrustWhat it measures
Doing Business (Ease of Doing Business ranking)Doing Business 2020#49Down 12BBusiness Climate
Global Startup Ecosystem Index (countries)2025#84No prior editionBEcosystem, Activity, Finance, Business Climate
Global Innovation Index2025#85No changeAInnovation, Competitiveness, Research, Talent
Positions come from each publisher's edition. Open a ranking for its method and trust notes, or an edition for the full list.

8 organizations with a profile

Who's based in Belarus

Investors 3

RBF Ventures logoInvestor

Investing in tech startups in Belarus and Russia.

revolen logoInvestor

Investing in socially significant impact.

Accelerators 2

Venture studios 2

Bratte.com logoVenture studio

Building consumer-oriented products through innovation.

Incubators 1

Pick what describes you

Your way in

City guides

Cities in Belarus

City

1,742,124 people

Questions about Belarus

How does Belarus rank as a startup ecosystem?

Its best position is #49 in Doing Business (Doing Business 2020). It appears in 3 published rankings; the table above lists each one.

How many startup investors are based in Belarus?

3 investors based in Belarus have a profile here, including National Agency of Investment and Privatization, RBF Ventures and revolen. The real number is higher.

Are there accelerators or incubators in Belarus?

Yes. Belarus has 2 accelerators, 1 incubator and 2 venture studios on record, including LaunchME Media Accelerator, Brest Science & Technology Park and Spark venture studio.

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