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Brave New World

For years now, Latin American governments have spoken of the need to diversify from a reliance on agriculture and natural resources by doing more to leverage human capital and technology.

The 2017 Tecnolatinas report from LatAm startup accelerator NXTP Labs notes that this game plan is stronger than ever, and there are a number of factors that promise an explosion in this segment, beyond the approximately 5,000 tech firms that the region currently supports.

Chief among these factors are: The relative lack of barriers to launching a startup today; the maturity of the ecosystem - including myriad local and overseas financing options; affordable access to development tools via the cloud; the general population's familiarity with the internet; and the mindset of today's university graduates, for whom entrepreneurship is much more of a valid career option than it was for previous generations.

In this report BNamericas considers how well-prepared Latin America's startup ecosystem is to support this process, as well as digging deeper into the financial scope, legal issues and new business lines developing in this segment.

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