How we bridge the gap in climate innovation and investment in Latin America
By Georgina Mondino & Maximiliano Frey
Latin America still attracts only a small share of global venture capital – just 2%– which helps explain why only five of its cities appear in StartupBlink’s latest Global Startup Ecosystem Index among the top 100 innovation hubs: São Paulo, Mexico City, Bogotá, Santiago and Buenos Aires.
But the region is rich in ideas, talent and purpose-driven entrepreneurs who have already proven their ability to create value on a global scale.
Over the past decade, Argentina and Chile have emerged as two of the most vibrant startup ecosystems in Latin America. Not just because of the number of companies being founded but because they represent resilience, adaptability and a new approach to innovation in the face of global challenges.
Despite economic instability and structural gaps, these countries have produced some of the region’s most disruptive solutions. Argentina leads Latin America in unicorns per capita (startup companies that have reached a $1 billion valuation). Meanwhile, Chile has the highest startup penetration per capita in the region, demonstrating that scarcity can often spur creativity.
Source World Economic Forum
