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Start-up Latin America 2016

Building an Innovative Future

image of Start-up Latin America 2016

Start-ups are gaining momentum in Latin America. Start-up Latin America 2016: Building an innovative future reviews the dynamics of start-ups and the policies for start-up promotion in four countries in the region –  Chile, Colombia, Mexico and Peru. The report reviews the policy mix for start-up promotion and highlights the progress made by each country and future challenges. It identifies good practices in promoting start-ups and lessons learned in Latin America in the design and implementation of policies.

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Promoting start-ups in Peru

OECD Development Centre

This chapter presents an overview of policies to support start-ups in Peru. Start-ups are still an emerging phenomenon in the country. In line with the wave of interest in start-ups in Latin America, Peru began to prioritise support for start-ups in 2012, when it introduced Start Up Perú. Between 2012 and 2016, Peru has advanced in structuring its policies to promote start-ups, making Start Up Perú its main support programme. The country has introduced seed capital for entrepreneurs and incentives for incubators and angelinvestor networks. Peru has also promoted the launch of science start-ups to solve key problems in the country in the areas of health, agriculture and the environment. For start-ups to flourish and contribute to Peru’s productivity, the start-up ecosystem needs to become denser, private investors must become willing to back startups, and the country needs to strengthen its overall skills in science and technology.

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