Top 10 New Startups To Look Out For In Mongolia

Mongolia’s startup ecosystem is evolving fast, driven by a new wave of innovation and digital ambition. Young companies are emerging across industries like technology, finance, logistics, and sustainability, each bringing fresh solutions to local challenges and global markets. These startups reflect a dynamic shift in the country’s economy, blending traditional strengths with modern ideas to create a real impact.

Is Mongolia Good For Startups?

 

Mongolia’s startup ecosystem is still in its early stages, but it’s showing real promise. Ulaanbaatar, the capital, hosts nearly all startups with notable growth in accelerators and incubators. Key challenges remain, including a limited domestic market and a shortage of skilled talent. However, strong government support, emerging tech hubs, and partnerships are fueling growth. Mongolia’s tech-savvy, young population and rising entrepreneurial culture make it a promising environment for startups, especially in fintech, renewable energy, and e‑commerce. 

 

Which Industry Is Booming In Mongolia?

 

One of the booming industries in Mongolia is the construction and infrastructure sector. With rapid urban development and ongoing investments in roads, energy projects, and public facilities, this industry has seen strong growth in recent years. Alongside construction, the renewable energy sector is also gaining momentum, especially in solar and wind power, as the country looks to diversify its energy sources and reduce reliance on coal. 

Top 10 New Startups To Look Out For In Mongolia

 

Mongolia’s startup scene is gaining serious momentum, and it’s home to some clever and ambitious new ventures. This includes:

 

1. Airee

 

A Mongolian firm called Airee Felt is dedicated to creating and manufacturing air filters that are entirely biodegradable using the wool of Mongolian sheep. Their goal is to solve the urgent problem of indoor air pollution, especially in Ulaanbaatar, which has some of the worst air pollution in the world, by offering a sustainable and organic substitute for conventional synthetic filters. 

 

2. Hackum Vision LLC

 

 

As a new IT firm, Hackum Vision LLC focuses on providing innovative technological solutions. Their main goal is to give people’s and businesses’ needs and welfare first priority. They place a high priority on offering trustworthy and creative IT solutions, and they have particular proficiency in the fields of finance and e-commerce. With a history of working together that dates back to their time in the university’s Hackum Students Club, the team members are dedicated to providing top-notch services that incorporate the newest technology developments.

 

3. TomYo Edtech

 

 

TomYo is a Mongolian business that aims to provide a platform for experts, educators, content producers, and community leaders to develop their own mobile learning apps without knowing any code for their students and communities. 

 

4. Lambda.Global

 

 

One recruitment site that is well-known in Mongolia is Lambda.Global. They actively link top Mongolian businesses with qualified experts, such as ESG directors, data analysts, and other specialists. Additionally, Lambda.Global showcases a variety of businesses that have joined their network.

 

5. Green Dot Climate

 

 

A social enterprise in Mongolia called Green Dot Climate is dedicated to educating people about climate change and encouraging young people to take action. They have reached more than half a million individuals and seek to alter climate change-related information, attitudes, and behaviours, especially among young Mongolians. According to Green Dot Climate, Mongolia will eventually adopt a green economy that harmonizes technology and traditional practices while striking a balance between environmental preservation and economic growth. 

 

6. VoidDesign

 

 

With the help of the potent 3D UI/UX design program Void, designers may transform their work. It provides real-time collaboration, an easy-to-use workflow, and clever tools that make experimentation easier and advance interactive design. Void unleashes the creative power of designers by making it possible to create interactive experiences that go beyond conventional limitations.

 

7. Ingenius Solutions

 

 

Ingenius Solutions is a Mongolia-based software development company that builds smart, scalable applications using mobile and AI technologies. They focus on creating intelligent systems that leverage machine learning to deliver real-world impact across industries.

 

8. Tsever LLC

 

 

The company wants to give everyone access to hygienic and clean facilities. The phrase “Clean everywhere” is their motto. Their initial and ongoing project is to construct self-serve, public restrooms, laundry facilities, and rest places in rural Mongolia. Utilizing renewable energy, bio-toilets, wastewater recycling and reuse, and other ecologically friendly practices are all part of the facility’s design.

 

9. Mevento LLC

 

 

​​All forms of instructional content, including video courses, audiobooks, podcasts, chat rooms, blogs, articles, and post stories, are produced by Melearn. Through the social network platform, they make it simple to learn from all of these materials. which combines social networks and edtech platforms. Depending on a person’s preferred learning and teaching medium, their team makes it simple for learners and content producers who are subject matter experts to interact.

 

10. Qmenu

 

 

Qmenu offers a ground-breaking idea that goes beyond conventional approaches to improve patron experiences in the hospitality sector. Customers can easily interact by scanning a QR code or NFC tag on their restaurant table thanks to its seamless appless approach. Customers can place purchases and make payments with astonishing ease thanks to their user-friendly method.