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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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Why support start-ups, and how?

OECD Development Centre

There is growing interest worldwide in actions to promote the creation and expansion of start-ups. Until a few years ago, startups were associated almost exclusively with Silicon Valley, but today they are much broader in scope and can be found outside the United States. Start-ups provide innovative solutions, create new markets and reinvigorate the business community. The emergence of start-ups depends not only on entrepreneurial spirit, but also on an environment (services, infrastructure, financing and regulatory framework) that is conducive to their emergence and expansion. National and local governments, in conjunction with the private sector, actively promote start-ups and seek to create incentives for their development. This chapter summarises definitions of start-ups and presents the rationale behind state intervention in this area and the matrix of instruments used to promote start-ups. The chapter concludes by identifying the lessons learned from other countries in designing and managing pro-startup policies.

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