{"id":2279,"date":"2015-04-19T23:55:31","date_gmt":"2015-04-19T15:55:31","guid":{"rendered":"http:\/\/www.www.innovationiseverywhere.com\/?p=2279"},"modified":"2015-04-19T23:55:31","modified_gmt":"2015-04-19T15:55:31","slug":"argentina-startup-scene","status":"publish","type":"post","link":"https:\/\/innovationiseverywhere.com\/fr\/argentina-startup-scene\/","title":{"rendered":"Argentina Startup Scene"},"content":{"rendered":"

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Argentina Startup Scene is a funny story. It has been the innovation hub of Latin America for a decade despite a strong economic crisis that still has consequences as we’re speaking.<\/p>\n

Today, the competition for being Latin America’s most attractive tech scene is growing, even nearby, in Chile. But Argentina could remain the central hub of Latin America thanks to a whole network of talents and investors, created around the success of some tech companies in the early 2000’s, notabily MercadoLibre<\/a>, Despegar.com<\/a> and Globant<\/a>, a software development firm which successfully launched an IPO in the NYSE<\/a>. The old startup scene helps the new one, it made possible the creation of the leading private accelerator of the whole continent, Nxtp Labs.<\/p>\n

It could as well remain a story between argentinians only. Very few are the incentives for international startups, entrepreneurs and investors to come to Argentina. The economy is highly instable, and has coped with hyperinflations many times, even lately. The protectionist governement fixed an artificially high change rate, leading to the creation of a large black market on international currencies. Yet businessmen must deal with the official rate which makes everything more expensive than it should be on the international market.<\/p>\n

Entrepreneurs also need to comply with the importations restrictions. And even if they do comply, they’d better know the money made from any investment in Argentina cannot be taken out the country without paying a prohibitive fee, nore can it be changed in dollars or euros. In practice, an investment made in Argentina, whether a startup or a house, will stay in Argentina. Add to this a corrupted administration, a strong legal uncertainty, and a tendency to mistrust, and you get quite a nasty picture of Argentina.<\/p>\n

But far from stoping entrepreneur to undertake, such complexity is said to stimulate and strengthen them. In order to make it, they must deal with problems few people know. It was true for the group of successful entrepreneurs of the late 1990’s early 2000’s, whose success story stem from a financial crisis of several years. And it is likely to be true even today, especially considering argentinian entrepreneur think about going worldwide from day One.<\/p>\n

We won’t say Argentina is to avoid because of reccurent financial issues. It is definitely a complex country, but it is also one thriving innovation place to look at in the future.<\/p>\n

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PROS<\/strong><\/h3>\n