Startups in Latin America: A new engine for growth?

There is an urgent backdrop in Latin America to discuss new avenues for growth at the top of the agenda. Can entrepreneurship and start-ups provide the solution? If so, how and why?

It is no mystery that the startup, entrepreneurial community in Latin America has long endured financial, economic and political hardship. Government spending into infrastructure, research and innovation has been far from ideal in previous decades, plus the remarkable amounts of red tape and bureaucracy made private investment prospects a relatively rudimental reality. On the other hand, the global scenario currently does not offer a positive outlook for countries seeking to overcome their structural frailties in regards to technology transfer and production diversification.