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By the Numbers


Is the average number of days that it takes to start a business in Latin America and the Caribbean. More >>

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Competitiveness, Technology and Innovation

The Inter-American Development Bank (IDB), through its Competitiveness and Innovation Division, promotes the creation and growth of dynamic firms in Latin American and Caribbean countries with the capacities and tools to innovate and compete in international markets.

Areas of Action


Economic growth depends on private sector investment in innovation and new technologies. More >>


Successful firms are parts of extensive networks in which they compete as much as they collaborate, learn, gain critical mass and share public inputs to make a unique mark in the local and global marketplace. More >>


The ability of a country to adapt and take advantage of technological changes and dynamics of the global context depends upon its entrepreneurs. More >>


Solid institutions and enabling environments are crucial for promoting competitiveness and innovation in firms. More >>

News and Articles

Concurso de ideas busca nuevas soluciones para la reinserción social de ex reclusos

El BID busca ideas innovadoras para reducir la estigmatización y promover la reinserción laboral de personas privadas de libertad. El periodo de postulación es del 13 de junio al 18 de julio.

Plataforma colaborativa gana Hackatón de Periodismo Científico y de Innovación

Con participación de 50 periodistas, desarrolladores y comunicadores de 8 países de América Latina y el Caribe se realizó del 1 al 3 de diciembre pasado en Guadalajara, México, el segundo Hackatón de Periodismo Científico y de Innovación. El proyecto ganador será apoyado por el Banco Interamericano de Desarrollo (BID).

REACH: Supporting Caribbean Entrepreneurs in Commercializing Ideas

As part of the initial activities, REACH is launching in August, 2015, a Caribbean Innovation Contest (CIC), through which entrepreneurs and firms can propose their ideas and develop them into profitable business models, while participating in training events, workshops and bootcamps to be held in different Caribbean countries. Furthermore, CIC will allow winners to have access to expert mentors to support the process of idea commercialization. CIC winners will also have the chance to participate in the Talent and Innovation Competition of the Americas finals in May, 2016

Imagining the future of productive development in The Caribbean

The future of competitiveness and innovation policies in the Caribbean region was the focus of the IDB’s “Regional Policy Dialogue on Innovation, Science and Technology” held in Barbados on April 29-30. In light of recent IDB publication DIA "Rethinking the Production Development", government representatives from 13 countries discussed the need to prioritize innovation and productive development in building their national and regional agendas.

Innovative Solutions Wanted for Patagonia

The Region of Aysén, CORFO and CNID, with support of IDB, have launched a contest seeking innovative ideas to solve two major challenges identified by the population of Aysen, a Patagonian area in Chile: Youth and Environment. People with ideas, institutions and companies (Chilean and foreigners with local partners) are called to participate in the competition "Prototypes for Social Innovation" and receive funding.

BPR to support Regional Innovation Ecosystem for the Pacific Alliance

The IDB and the Pacific Alliance (AP) will start implementing a project that seeks to build a regional innovation and entrepreneurship ecosystem among the four AP member countries: Chile, Peru, Colombia and Mexico. As part of the planning activities, representatives of the IDB and the AP´s Innovation Technical Committee gathered for a workshop held on June 16-17 at IDB headquarters in Washington D.C. IDB support will be materialized through a recently approved Regional Public Good (RPG) project.

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A Wave of Innovation

    A Wave of Innovation

    Innovating through science and technology is becoming increasingly feasible in Uruguay, thanks to a new credit window for business ideas.
  • A Wave of Innovation (03:20) Video Icon


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