Creating a biotechnology company in Chile is bound to be a bittersweet experience. On one hand, we’ve recently become an entrepreneurial paradise, ranking 20 in Entrepreneur’s “World’s hottest startup scenes,” and thus making us the only country in Latin America to actually be featured in the ranking. Pretty impressive for a country that has one of the lowest investment in research and development and innovation (R+D+I) in the region, if you ask me. On the other hand, this entrepreneurial paradise tends to welcome only fast-working projects, also known as apps, and biotech gets pushed into the background. Biotechnology is not even featured in the country’s strong research and development thematic categories for this year. Knowing this, does creating a biotechnology-based company even make sense in Chile?
Well, we entrepreneurs don’t get called crazy for nothing.
Originally written for Nature Biotechnology. Check out the full post in the Trade Secrets Blog.