An Insight into the Leading Startup Companies in Latin America

The International Finance Corporation (IFC) and the World Economic Forum (WEF) selected some outstanding startups from Latin America.  Among the selected startups, Brazil was highlighted with thirty one companies.  These companies were to be part of a special program held during the World Economic Forum's annual regional meeting.  These programs usually offer startups with an opportunity to tap into a huge network of corporate leaders, global investors, and the region's leading policymakers.  Therefore, it is a great chance for businesses to get more exposure to the global market and enjoy the paybacks that come with it.
The participation of these companies during the forum helps to explore ways of strengthening technology-driven startups in Latin America.  In addition to this, it also factors the steps to be taken in order to overcome the common obstacles that entrepreneurs normally face in the region.  This includes securing funding and expanding businesses across borders to scale up their startups.  When the entrepreneurs are given solutions to their problems, then their businesses will grow at a drastic rate. Do make sure to check Biz Latin Hub today.

The companies were chosen by WEF, IFC, and a committee of experts on the start-up network in Latin America.  The selection was based on factors such as funding sources, revenue generation, scalability and also the power of technology-driven entrepreneurship in their countries.  These chosen start-ups were provided with a tailored program during the WEF, in Latin America.  On the other hand, the startups in the Caribbean and Latin America used creative solutions to tackle not just local but global and regional problems.  In addition to this, innovators picked in the first list were entrepreneurs who have a scalable problem-solving vision and who require an adequate ecosystem to thrive.

At the same time, start-ups are scheduled to play a crucial role in helping Latin America's business people in the private sector so as to become more innovative.  Recent research by the World Bank indicated that companies in the region were twenty percent less likely to come up with a new product than regions with similar incomes in Central Asia and Europe.  Thus, the aim is to help push forward the development of the region's economy, accessing better services, promoting inclusiveness, education, healthcare, and employment. You'll want to learn further into the Best Startups Chile.

The entrepreneurs behind the start-ups are also able to meet with the World Economic Forum's members which may help them to partner with them in future.  This also has the possibility of spurring a discussion on how investors and policymakers can assist the companies to thrive and deploy tech-driven, innovative solutions.