Start-up Latin America

Promoting Innovation in the Region

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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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Latin America's experience in promoting start-ups

OECD Development Centre

Latin American countries invest a lower proportion of gross domestic product (GDP) in research and development (R and D) than OECD countries. At the same time, the private sector invests little in innovation and there is little co-operation between universities and enterprise. Founding a start-up in Latin America means overcoming greater regulatory barriers and financial obstacles than in OECD countries. However, this chapter shows that innovation policies are gradually becoming more prominent in the development strategies of countries in the region, and that start-ups are gaining momentum. The chapter compares the policy mix to support start-ups in six Latin American countries, based on the country notes of Argentina, Brazil, Chile, Colombia, Mexico and Peru, presented in the second part of this report.

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