Corporate Venturing in Peru

Telefonica recently teamed up with Prodem and BID to conduct a comprehensive overview of corporate venturing in Latin America.

Wayra, a Telefonica initiative, was pioneer of the startup community in Peru. It has supported dozens of startups in Peru, including Cinepapaya, which is mentioned in the report as a case study (page 52).

You can find the report here: Tendencias y Desafios de Corporate Venturing en Ámerica Latina.

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Other companies in Perú that were identified in the report as active in 2018 are:

  • Antamina
  • Banco de Crédito del Perú
  • Cementos Pacasmayo
  • CEMEX
  • Gloria SA
  • Grupo San Fernando
  • Nexa Minning
  • Scotiabank
  • Telefónica

I know there are  other large companies that have supported startups, including Everis and El Comercio this year, and Grupo RPP last year. The recent PECAP report mentions some specific corporate initiatives between corporates and startups announced in the second quarter of 2018.

Contributors recognised in the report from Peru include: Micaela Rivero of Cementos Pacasmayo, Gary Urteaga, of Cinepapaya, and Alexander Gómez as a representative of Wayra Telefónica.

Corporations are an important part of any startup community. In Peru, although many have launched internal initiatives, they have been reluctant to follow Telefonica’s lead and fully integrate into the startup ecosystem. Our challenge is to actively seek to integrate them so they can contribute to supporting founders and making our ecosystem more dynamic.

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