More than two thousand startups connect with large companies in Latin America, according to the first Corporate Venturing Trends and Challenges Report in Latin America, conducted by the Prodem Latin American Innovation and Enterprise Center with the support of Wayra and Telefónica. The study shows that Brazil leads the ranking of business-start-up relationships with 64 initiatives, followed by Chile with 28, Mexico with 24, Argentina with 23 and Colombia with 11.
"The survey shows that at least 155 large companies in the region are engaged in Corporate Venturing, a model that combines the internal innovation efforts of companies with open innovation tools to collaborate with third parties, in this case startups", explains Johanna Harker, Director of Wayra Colombia.
Telecommunications and technology, one of the most important industries Corporate Venturing
According to the report, the large companies that are in contact with emerging companies mainly belong to the e-commerce and technology sectors (18.4%), insurance and financial services (16.2%) and telecommunications companies (11). 8%), but the most traditional production sectors are already making progress in this area.
"The phenomenon is still very young in Latin America, but it has grown rapidly in recent years, we discover that it is not only connected to the large international technology companies, but that large local companies are connected to digital companies in the early stages because they often find faster and more efficient ways to innovate in these alliances, especially in those aspects where large companies are less agile, "says Hugo Kantis, director of Prodem and author of the research.
The full report is available at www.corporateventuringlatam.com