Start-up Latin America

Promoting Innovation in the Region

image of Start-up Latin America

This report reviews the policy mix to support knowledge-based start-ups in six countries in Latin America, including Argentina, Brazil, Chile, Colombia, Mexico and Peru. It discusses role of public policies in supporting the creation of start-ups, it presents an overview of the rationale and scope of state intervention and it summarises the experience of OECD countries, focusing on Australia, Finland and Israel. The report provides a comparative assessment of the experience of the six Latin American countries. Following the literature and the experience of countries it develops a taxonomy of instruments targeted to promote entrepreneurship and it compares the policy mix available in the different countries in Latin America. It also identifies recommendations to improve the policy framework for start-up promotion in Latin America. Country notes are available for each of the six studied countries. The report has been elaborated in the framework of the Development Centre's policy dialogue on innovation policies in Latin America.

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Assessment and recommendations

OECD Development Centre

Recently, start-ups have moved further into the media spotlight, attracting growing attention from innovation experts and policy makers. The spread of information and communication technologies (ICTs) and transformation of the organisation of production throughout the world, where firms increasingly work in networks, have helped generate growing interest in start-ups both in OECD and in developing countries. Start-ups can contribute to structural change by introducing new knowledge-intensive products and services. They also help sustain innovation, drive productivity growth and create opportunities for good-quality jobs.

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