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.
Table of contents:
Editorial Acronyms and abbreviations Executive summary Assessment and recommendations Introduction -References PART I. WHY AND HOW TO PROMOTE START-UPS Chapter 1. What can public policies do to promote start-ups? -Introduction -What do we mean by “start-ups”? -Challenges in founding and expanding start-ups, and the role of public policy -The role of large firms in supporting innovative start-ups -Conclusions -References Chapter 2. The experience of OECD countries in fostering start-ups -Introduction -Financing the creation of start-ups -Promoting knowledge transfer and spin-offs -Support for start-ups in Australia -Support for start-ups in Finland -Support for start-ups in Israel -Conclusions -Annex 2.A1. Tools to promote finance and technology transfer in OECD countries -References Chapter 3. Latin America’s experience in promoting start-ups -Introduction -The innovation gap between Latin America and OECD countries persists -Start-ups struggle to access finance -Innovation policies are gaining momentum in national development strategies -Benchmarking start-up promotion in six Latin American countries -Conclusions -Annex 3.A1 Venture capital in Latin America -References PART II. COUNTRY PROFILES Chapter 4. Promoting start-ups in Argentina -Innovation policy in expansion -A growing interest in supporting start-ups -Main challenges ahead -Annex 4.A1 Policy tools to promote start-ups in Argentina -References Chapter 5. Promoting start-ups in Brazil -Growing support for innovation -Brazil is expanding the support to start-ups -Annex 5.A1. Policy tools to promote start-ups in Brazil -References Chapter 6 Promoting start-ups in Chile -Increasing importance of innovation policy -Growing support to start-ups -Evaluations have contributed to improve policy design and impact -Main challenges ahead -Annex 6.A1. Policy tools to promote start-ups in Chile -References Chapter 7. Promoting start-ups in Colombia -Innovation is becoming an important component of the national development strategy -In 2012 new mechanisms were introduced to support start-ups -Annex 7.A.1 Policy tools to promote start-ups in Colombia -References Chapter 8. Promoting start-ups in Mexico -Advances in innovation policy and in support of start-ups -Access to finance is still an obstacle, especially in the seed and start-up stages -Mexico implements several programmes for entrepreneurial capacity building -Mexico has invested in improving its regulatory framework for creating new firms -Annex 8.A1 Policy tools to promote start-ups in Mexico -References Chapter 9. Promoting start-ups in Peru -Recent trends in innovation policy in Peru -Support for start-ups in Peru: An emerging priority -Main challenges ahead -Annex 9.A1 Policy tools to promote start-ups in Peru -References