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Uruguay’s “Innovation Hub”: Government to partner with VCs to scale startups

The Uruguayan government will promote the association of public resources with accelerators and venture capital funds to scale the potential of local startups, said on Thursday, November 3, the Minister of Industry, Omar Paganini, during a business forum held in Punta del Este.

The government is framing its proposal within a program called Uruguay Innovation Hub, which will have three components to be developed, sources from the Ministry of Industry explained to Bloomberg Line.

The objectives will be to contribute to the nexus with international accelerators, to attract equity investment through a fund where the government will provide a minority . . .

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