Innovation is essential for more productivity and economic progress.
We help to strengthen competitiveness through corporate innovation, making clear that knowing the region’s economies is crucial for success within the context of current technological changes.
Boost science, technology, and innovation investment, both public and private, in order to reduce the innovation deficit characteristic of the region’s economies.
Work with governments of the region to develop and implement public policies that strengthen the Innovation and entrepreneurial ecosystem.
Support the countries of the region in taking full advantage of the potential of the digital economy and mitigating its negative effects.
Support the generation of highly qualified human capital as a key component to sustain and further develop innovation ecosystems.
Promote innovative initiatives that align with global policies and goals against climate change, endorsing the use of technology and cutting-edge knowledge that support the region towards decarbonization.
Innovation acts as a key determinant of long-term growth by improving ways of combining capital and labor, playing an essential role in the competitive advantage, sustainability, increased productivity and economic progress.
Training in science, technology and innovation for advanced human capital; strengthening scientific and technological infrastructure; designing public policies to promote innovation; and strengthening institutional capacity of the agencies and ministries that are responsible for implementing these policies have a direct impact on productivity.
About half of the disparity in income levels and growth rates between countries due to differences in total factor productivity.
Studies have concluded that investment in research and development explains up to 75% of the differences in total factor productivity growth rates.
A decisive factor for an economy based on knowledge is the exponential growth of information generated by the expansion of information technology and communications.
IDB specialists and guest authors discuss the 'i' in innovation, ideas, inspiration, investment, and its implications for public policies. Because innovating through science, technology, creativity, and entrepreneurship will transform productivity and the quality of life in Latin America and the Caribbean in the digital age.
According to the study 'New Horizons for Productive Transformation in the Andean Region,' this sector represented 8.5% of the GDP in the region between 2012 and 2021, historically ranking it as the second most important.
After the COVID-19 pandemic, several governments took measures to rebuild their economies in ways that are more robust, responsible, and responsive to challenges such as climate change and food security. Entry available only in Spanish.
Innovation agencies are playing an increasingly important role in Latin America and the Caribbean, driving growth and productivity through policies related to science, technology, and innovation.
The IDB Group is committed to the development of Latin America and the Caribbean through the private sector and channels.
Building state capacity to strengthen rule of law, promote innovation and open governments to deliver better citizen services.