The challenge for the region is not about getting people excited about startups. It’s more so in the development of the ecosystem and the infrastructure. That’s the challenge of any developing country. But more so than ever before, it’s a chance for South America to take a leapfrog ahead and establish itself as a leader on the world startup stage.
TechCrunch’s Alex Williams, on the thriving South American entrepreneurial community. The Rise Of The TechnoLatinas: A Full-Fledged Startup Movement Emerges In South America.
We see a full-fledged movement with an ecosystem that is creating new connections for the economies of Argentina, Brazil, Chile, and the rest of the world. These entrepreneurs represent a movement now.
A growing number of angel investors are starting to invest in South American startups and the venture capital community is growing.
Entrepreneurship is becoming the preferred career option for a sizeable share of the top talent emerging from business and engineering universities in the region. This is partly because of the tremendous opportunity for upside, but it is also more in the image of a younger generation that identifies with the Internet and a connected world.
Increased broadband availability and the emergence of cloud services has broken down the costs to set up and run an online business. The information gap is narrowing. More people have Internet access, and governments are getting more actively involved in developing startup ecosystems.
And the infrastructure is emerging, too. Amazon Web Services opened a data center in Sao Paulo last December. Microsoft BizSpark opened a number of innovation centers in Brazil to connect developers with businesses. Google is now building a data center in Chile.
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