MIT REAP Team Lima’s regional focus is on the city of Lima in Peru. The government is the backbone organization in MIT REAP Lima Team. The team is also represented by other stakeholder groups, including Universidad del Pacifico, Interbank, Chazki (risk capital), and local entrepreneurial representatives. The government stakeholder is taking an active role in providing funding for incubators and accelerators.
Innovation Ecosystem Stakeholder Model
Gonzalo Villaran Cordova
Champion Director, Ministerio de la Produccion
Champion Managing Director, UTEC Ventures
Alessandra Corrochano Fatule
Head of Innovation LAB, Interbank
Miguel Paredes Sadler
Head, BRECA Group
Giancarlo Secco Vargas
CEO - Founder, iSend
Luis Terrones Morote
Gonzalo Villaran Elias
Executive, National Innovation Program of Competitiveness and Productivity
Professor and Researcher, Universidad del Pacifico
Consultant, Ministerio de la Produccion
Challenge & Opportunity
Strategy & Action
Region of focus:
City of Lima, Peru
Strong culture of entrepreneurship
Training programs for entrepreneurs
Prize programs created recently
Weak venture financing community
Lack of mentor networks
A need for better tax and visa incentive programs
Cultural risk aversion and a lack of “innovation skills”
Gonzalo Villaran Cordova – Director, Ministerio de la Produccion
All stakeholder groups represented but the government is the largest part of the team
Government taking active role in providing funding for incubators and accelerators
Will be updated once the team graduates from the program.
Create a clear roadmap and vision for supporting entrepreneurship for all stakeholders (especially government)
Identify the right sectors to focus on in supporting IDE
Key I&E Activities:
Startup Peru – highlighted as a successful regional accelerator
Social progress and economic prosperity as a collective measure of development in a region.
Innovation-Driven Entrepreneurial Ecosystem
Innovation-Driven Entrepreneurial Ecosystems are regional environments that effectively support startups focused on addressing global markets based on technological, process or business model innovation.
Ability to develop new to the world innovations from inception through to the market.
Culture & Community
Ability to start and build new to the world businesses from inception to maturity.