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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Promoting start-ups in Colombia

OECD Development Centre

This chapter presents an overview of public policies recently introduced in Colombia to promote the creation and expansion of start-ups. It highlights the growing importance of innovation in the national development strategy. Promoting start-ups is an emerging priority in Colombia. In 2012 the country designed a new instrument, iNNpulsa Colombia, to provide seed capital and training to new entrepreneurs. Colombia’s regional governments are becoming increasingly involved in supporting start-ups to promote growth and employment in their territories. The national development bank (Bancóldex) is also taking a growing interest in supporting the venture-capital industry to facilitate these companies’ expansion.

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