Not only has the number of startups in Bolivia increased in the last 12 months, or so, but also they moved firmly on the way towards their internationalization. ICT Mapping 2024 Funda-Pr, Fundacin Solydes, Fundacin Emprender Futuro, BIM ICCO, and Catholic University of Bolivia The report of ICT Mapping 2024 was produced under the program of ICT Mapping 2024 by Funda-Pr, Fundacin Solydes, Fundacin Emprender Futuro, BIM, ICCO, and the Catholic University of Bolivia. This La Paz-based report is a survey of the state of the digital ecosystem and its opportunities, aiming to contribute to the broader effort of “Mapping the Future of Startup Ecosystems Worldwide.”
The mapping pointed out the fact that in a span of a year, the country had 147 to 167 startups, with 93 percent of it based on the cities of Santa Cruz, Cochabamba, and La Paz. This proves that the central axis continues being the focus of driving technological entrepreneurship in Bolivia. Allison Silva (Director of Fundacion Emprender Futuro) underlines that the data of the ICT Mapping are significant to the development of the ecosystem.
The presence of startups in Latin America
He affirms that, we cannot measure what we can not improve. In addition to that, Silva gives the impression that it is possible to analyze the development of the actors and make strategic decisions to achieve growth with the help of the report. The fact that start ups fall in various industry sectors illustrates that about half of them fall in three categories with fintech, ed tech and e-commerce and marketplace being the most crucial. The former has the highest with 32 percent of the startups at the local level. Besides the recognition of the increment in the number of startups, the report also notes.
On the internationalisation of Bolivian companies across nations, like Paraguay, Peru, Mexico, and Chile. Considering this trend, Silca clarifies that, “Paraguay has offered very good opportunities of investment and expansion operations. Even though the ecosystem has matured to some degree, to Silva the obstacles remain, in particular in the context of funding and talent attraction. Silva notes that linking startups to investors will become important part of further growing.
Promoting startups: the case of Chile
The company on the international scale, whereas talent attraction and retention is an issue in the country. Rolando Sahonero, Funda-Pr communications Director, on his part, mentions that the Bolivian ecosystem is still in an infant stage in certain aspects, although he reports the work to map startups that incorporate urban-rural relations. This will be another value addition to the mapping making startups visible, even though they are small, but with a high growth potential, he assures. To top that, Sahonero also talks about the need to merge with more mature ecosystems in the area.
So as to enhance local development. I perceive an increased engagement with such countries as Peru and Chile. According to him, these ecosystems can help Bolivia to gain immeasurably since it is already proving that competing and local development is not the monopoly of a single state. We present a discussion of the most remarkable discoveries that appeared since 2019. We also introduce evolution of startups, market where they apply their products, technology mostly utilized by them, affiliation between startups and corporates world, technology and environment.
Recomendaciones para construir un futuro innovador
Inline with this, now, more than ever we should make sure that the various players in the ecosystem are able to collaborate so as to map out behaviors and hence a powerful, appealing and value creation ecosystem among startups. Nowadays, even a number of other countries possess start-up ecosystem and are ready to encourage its growth due to the beneficial externalities it creates to society owing to its innovations and productivity. Generally, the concept of startup has been linked with dynamic, new and disruptive ventures which have derived in most cases due to the existence.
Of innovative ideas whose bringing to life consumes financial capital as opposed to physical infrastructure. One of the growing areas in this aspect is Latin America. Startups provide alternative solutions in the context of low dynamics and high international uncertainty in a region. The governments, the private sector, and universities are gearing up to facilitate the establishment of startups and leaning more on the transformational power of startups on the economies of the region. It is made hard to map the phenomenon owing to absence of systematic data production.
Conclusion
Nonetheless, promotion programs of startups are producing information on the topic. Basing on the data of the Production Development Corporation (CORFO), it was documented that Chile has 1 unicorn (startup with a valuation larger than 1 billion USD), 4 centaurs (startups with a valuation between 100 million to 1 billion USD), 31 little ponies (valuation between 10 to 100 million USD), 1000 + startups, and the aforementioned is supported by the public policy and is distributed in all regions of the country. At least, according to the Mexican Private Equity Association (AMEXCAP), Mexico possesses.
Centaur and 26 little ponies. The universe in other nations beyond the region like Singapore consists of 1000 startups, having 2 unicorns, 12 centaurs, and 27 little ponies. Startup Latin America 2016 Building an Innovative Future, the new OECD report, offers a new overview of the startup dynamics and the contribution that public policies make to boosting their establishment and growth in the region. It makes the comparisons of the experience in four states Chile, Colombia, Mexico, and Peru, outlines the variety of promotion tools and outlines the achievements and problems of tomorrow.