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Contxto – In retrospect, March has been a jam-packed month for Startup Perú seeing that representatives continue to traverse across the Andean nation to promote two upcoming contests. These include Innovative Entrepreneurs and Dynamic Entrepreneurs.
Part of the governmental Innóvate Perú team, today SUP members will be visiting the northern town of Piuru to explain contest rules and application process. Moreover, officials plan to share success stories and motivational statistics about the country’s growing entrepreneurial ecosystem.
What are these contests all about?
Prospective event participants will make up the seventh generation of Startup Perú. From my understanding, the group is trying to attract as many innovative startups from the social, technological and cultural fields as possible.
For the Innovative Entrepreneurs competition, this is an opportunity for Peruvian ventures to receive non-reimbursable seed capital worth up to PEN$50 thousand.
Based on social media posts, funds ought to help founders finance innovative projects. This can range from improving business models or streamlining production, processes, services, etc.
The Dynamic Entrepreneurs segment is similar but with a maximum of PEN$140 thousand at stake. Early stage companies with high potential for impact are welcomed to apply.
Capital should go towards financing take-off projects with particular attention paid to business models, products, marketing, etc.
What does Innóvate Perú do?
As part of the Peruvian Ministry of Production, Innóvate Perú finances innovation and entrepreneurial projects to heighten business productivity in addition to innovation. Periodically, it offers contests for entrepreneurs, businesses and institutions, as well as supporting female empowerment programs.
For the sake of inclusion and diversity, I’m quite elated to see this effort coming into fruition. More often than not, I write about Argentina, Brazil, Chile, Colombia