The South American entrepreneurial community has become 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.
Ignacio Peña is a Buenos Aires entrepreneur who coined the TechnoLatinas term to help define a movement whose growth plays off a combination of factors:
A growing number of angel investors are starting to invest in South American startups and the venture capital community is growing.
And the infrastructure is emerging. Amazon Web Services opened a data center in Sao Paulo last December. Google is now building a data center in Chile.
As for Chile, they have captured the world’s attention with Start-Up Chile. Companies like Suede Lane from Toronto have moved there to be a part of the entrepreneurial community that Start-Up Chile has developed. Chile is leveraging its open, stable and low friction economy to become the tech hub for Latin America. They have put in place measures to materialize this vision, including financial support, grants, competitions, mentor networks, and frameworks that make it easier to launch a startup.