Guatemala Cohort 10

The challenges facing the Guatemalan entrepreneurial ecosystem include technology transfer (or research and development transfer), education and technification, access to financing, collaborative culture, supportive policies, and incentives, as well as strategy and coordination.

Guatemala has the potential for positive economic growth and competitiveness, but there is a need to enhance technology transfer to fully leverage the strong entrepreneurial spirit and foster technological progress in the country.

MIT REAP Guatemala aims to address these challenges by unifying the five stakeholders of the innovation ecosystem in the country. The goal is to create synergies that promote the transfer of knowledge and collaboration, leading to the acceleration of human capital development. This, in turn, will enable the creation of new technology-based business models and drive further entrepreneurial impact on Guatemalan society.