APEC Peru 2024: Innovation in Peru

Peru is experiencing significant growth in the high-tech sector, attracting the attention of investors interested in knowledge-based and innovative enterprises. The country is moving towards a more sustainable and technologically advanced future, supported by a constantly evolving innovation ecosystem.

Between 2003 and 2023, the high-tech sector in Peru received USD 409 million in foreign direct investment through 118 projects from 109 companies. Additionally, in the last five years, this sector saw a 130% increase in capital expenditure and a 7% increase in the number of projects, underscoring the sector’s sustained growth.

Investment in high technology also creates high-quality jobs. In 2023 alone, more than 200 jobs were generated in this sector, with service lines such as custom software development and software publishing leading the market. These services cater to sectors like ICT and creative industries, consolidating Peru as a preferred destination for high-tech investment in South America.

Peru's innovation ecosystem includes universities, incubators, accelerators, impact investment funds, corporate players, and business groups, all working together to drive technological development. This favorable environment, along with the incentives Peru offers for high-tech investment, is increasingly attracting technology companies from around the world.

According to the 2023 Global Innovation Index, Peru stands out in the region for its innovation capacity and growth potential. With an estimated 130% increase in investment amounts in the high-tech sector over the last five years, Peru is on its way to becoming a leading technology hub.