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Produce: 32 international startups will start their operations in Peru

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The Ministry of Production (Produce) reported that a total of 32 international startups from various fields will start their operations in Peru, after being selected in the contest to attract foreign entrepreneurs: Startup Peru PLUG 2G, convened through the ProInnóvate program.

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“These are dynamic, high-impact ventures that, when they start operations in the country, will generate new jobs and sales and allow the economic matrix to be sophisticated and diversified,” Produce said in a press release.

The selected startups come from Chile, Argentina, Colombia, Ecuador, the United States, Uruguay, Bolivia, Mexico and Panama. They also belong to the sectors of software; Logistics and Transportation; ecommerce; fintech; agritech; biotech; edtech; construction and housing; Health & Wellness; civictech; and information and communications.

According to Produce, the objective of Startup Peru PLUG 2G is to attract the installation of foreign startups in the scaling stage that recognize Peru as an attractive market or a hub of operations in Latin America. “It is expected that by the end of the execution of their projects, these undertakings will have managed to formalize in our country, hiring specialized human capital and generating sales and/or exports from Peru and/or raising capital,” he mentions.

What benefits do the selected startups have access to?

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The selected startups will receive non-reimbursable co-financing of up to US$38,000 for their projects in Peru, in addition to an immersion program and legal and commercial support for their establishment in the country, which will be in charge of the network’s business incubators or accelerators. of ProInnóvate, such as Emprende UP, Endeavor Perú, HUB UDEP, Nexum PUCP, USIL Ventures and UTEC Ventures.

The expected execution time of the projects is up to 12 months and the leader must stay at least 12 weeks in Peru. The financing of the project will be made up of the contribution of ProInnóvate (70%) and the contribution of the entrepreneurial team (30%).

Source: Larepublica

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