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Startup Perú — National Seed-Capital Fund for Innovative Entrepreneurs

Peru · Lima · See the Peru profile

Peru's ProInnóvate agency has co-financed 1,400+ innovative startups with S/268m (~$72m) in non-reimbursable grants since 2013; a BID-cited evaluation found a fiscal return of $6-7 per dollar spent, though independently verified sales/job figures remain unpublished.

Startup Perú — National Seed-Capital Fund for Innovative Entrepreneurs

Details

Promoter
ProInnóvate — Programa Nacional de Innovación y Desarrollo Productivo (Ministry of Production, Peru)
Period
2013–present
Keywords
Seed capital, startup funding, entrepreneurship support, public innovation policy

Description

Startup Perú is an initiative of ProInnóvate (National Programme for Innovation and Productive Development), under Peru's Ministry of Production, launched in 2013. The programme co-finances seed capital (S/67,000-S/150,000) for startups without taking equity or requiring repayment.

Across 13 competitive rounds ("generations") to date, the programme has invested more than S/268 million (~$72 million) in over 1,400 innovative and technology-based startups, per the most recent PRODUCE report, reaching regions beyond Lima — including Piura, Arequipa and La Libertad — through a network of 38 partner incubators and accelerators.

An Inter-American Development Bank (BID) analysis of the programme found beneficiary firms delivering a fiscal return of between $6 and $7 for every dollar of public funds executed, and BID material states its financing "highlights increases in sales and employment" among beneficiaries, though the underlying study publishing exact percentage effects could not be independently located; women accounted for 40% of financed projects.

Independent Peruvian press coverage confirms the programme's funding scale and the BID-cited fiscal return, but detailed beneficiary survival-rate or job-creation percentages cited in some secondary sources could not be traced to a primary published study, so are excluded here pending verification.

Read the full analysis: https://startup.proinnovate.gob.pe/

Implementation

Implementation detail (cost, timeline, staffing, conditions for success) is not yet available for this practice.

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