Innovation
From The Report: Peru 2017
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Investment in research and development (R&D) and innovation has been increasing in recent years in Peru, partly as a result of a greater government commitment to science, technology and innovation issues. Spending on science and technology R&D increased by 93.6% between 2011 and 2014. This investment seems to be paying off in terms of institutional development, sector incentives and increased funding, as well as an overall improved standing in global rankings in innovation and innovation-related issues. However, there is still much to accomplish as Peru continues to lag behind regional benchmarks in many respects, with improvements still needed in key areas such as availability and access to funding, limited public policies and instruments, inadequate infrastructure, insufficient human capital and intellectual property protection.

This chapter contains interviews with Gonzalo Villarán, Director of Innovation, Ministry of Production, and Karl Maslo, Regional CEO, EXSA.

Articles from this Chapter

Overview

Igniting an industry: Government bodies dedicated to promoting innovation get to work
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Investment in research and development (R&D) and innovation has been increasing in recent years in Peru, partly as a result of greater government commitment to science, technology and innovation issues. This investment seems to be paying off in terms of institutional strengthening, sector incentives and increased funding, as well as an overall improved standing in global rankings in innovation and innovation-related issues. However, there is still much to accomplish as Peru continues…

Analysis

Unlocking potential: Government support and international loans help to further develop niche sectors
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Recently announced international loans and sustained government efforts continue to push innovation forward in Peru. Government support has increased in recent years, contributing to the development of a stronger institutional framework and increasing support to various sectors. While many areas are yet to benefit from financing in innovation, there are other driving forces that can help push exploration and innovation forward, such as a search for competitiveness, diversification and sustainability…

Analysis

From the ground up: Initiatives tackle innovation obstacles for small businesses
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With the signing of a $40m loan on August 22, 2016, the Inter-American Development Bank (IDB) and the government of Peru committed to continue to work towards the promotion of innovation, namely with a focus on addressing the challenges facing micro-, small and medium-sized enterprises (MSMEs). Previous loans have similarly supported the National Innovation Programme for Competitiveness and Productivity (Innóvate Perú), which is gradually revealing its positive impact. While there may be…

Interview

Long-term potential: Gonzalo Villarán, Director of Innovation, Ministry of Production, on nurturing competitiveness and productivity
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Interview:Gonzalo Villarán How significant are investments in innovation, and how can the public sector play a part? GONZALO VILLARÁN: Evidence from countries around the world reveal that investing in innovation translates into higher productivity and competitiveness in companies. In the initial stages of developing innovation, the public sector must lead the way. It is not only their role to regulate the market, but also to create new markets. It is the government’s role to incubate…

Interview

Innovate and strengthen: Karl Maslo, Regional CEO, EXSA, on making Peruvian industry more internationally competitive
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Interview: Karl Maslo To what extent has the mining crisis impacted the industrial sector in Peru? KARL MASLO: The mining crisis has affected all sectors, not just industry. At the end of 2013 the margins of mining companies were severely affected by the drop in mineral prices. This then pushed down the prices of any industry or sector servicing or supplying them. The crisis has also caused several large projects to be halted. Despite the prices of some minerals, such as gold, silver or zinc, this…