evidoria

← Back to browse

Good practice Imported

Startup Perú — National Seed-Capital Fund for Innovative Entrepreneurs

Peru · Lima · See the Peru profile · See the Lima profile

Evidence: Descriptive / self-reported Top 29% 76/100 · Ask Evidence Copilot about this practice

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evaluation found a fiscal return of $6-7 per dollar spent, though independently verified sales/job figures remain unpublished.

S/268 million (~$72 million) PEN/USD
Total investment (2013-present)
1,400+ startups
Startups funded (2013-present)
$6-7 per dollar spent
Fiscal return
40 %
Women-led share of financed projects
Startup Perú — National Seed-Capital Fund for Innovative Entrepreneurs

Details

Maturity
Established
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

Context

Startup Peru is a national seed-capital programme run by ProInnovate, the Programme for Innovation and Productive Development under Peru's Ministry of Production. Launched in 2013, it offers non-reimbursable co-financing to innovative and technology-based startups without requiring equity or repayment.

Objectives

The programme aims to grow Peru's innovation-driven entrepreneurship base beyond Lima, extending seed funding to regions such as Piura, Arequipa and La Libertad through a national network of incubators and accelerators.

Activities

Across 13 competitive funding rounds ('generations'), Startup Peru has disbursed grants of S/67,000 to S/150,000 per project, working with a network of 38 partner incubators and accelerators to source, screen and support applicants.

Results

By the most recent PRODUCE report, the programme had invested more than S/268 million (about $72 million) in over 1,400 startups. An Inter-American Development Bank analysis found a fiscal return of $6-7 for every public dollar executed, and women accounted for 40% of financed projects. Detailed beneficiary survival-rate or job-creation figures could not be traced to a published primary study.

Conclusions

Startup Peru illustrates a sustained, non-equity co-financing model for early-stage innovation that has operated continuously for over a decade, though a rigorous, independently published impact evaluation of beneficiary outcomes remains outstanding.

Implementation
Indicative cost
High (€500k–€5M) — S/268 million (~$72 million) in non-reimbursable grants disbursed across 13 competitive rounds since 2013, in tranches of S/67,000-S/150,000 per project.
Time to results
Long (> 3 years) — Continuous operation since 2013 through 13 competitive funding rounds; no end date specified.
Staffing & skills
ProInnovate / Ministry of Production programme staff, 38 partner incubators and accelerators supporting selection and startup support

Conditions for success

  • Non-equity, non-reimbursable co-financing lowers barriers for early-stage founders
  • National network of 38 incubators/accelerators extends reach beyond Lima
  • Continuous multi-round funding cycle sustained over a decade
  • Co-financing/technical backing from the Inter-American Development Bank

Where it fits

Governance type
national government agency
Scale
national
Income level
upper-middle-income

Commonly funded by

National / regional programmes

Indicative funding routes for practices of this type — always check each programme's current calls and eligibility rules.

Do you run this practice? Claim it — verified implementers get a public contact pathway and can propose corrections.

Data sources

Where this practice's information was retrieved from, and when.

Attachments

Similar practices you may find useful

★ 91

Amsterdam Impact

Netherlands

4-year social entrepreneurship programme now focused on impact entrepreneurship. Amsterdam Impact strengthens the ecosystem for all companies that simultaneously create …